Sponsored Content By Bob Schultz CEO, Vision One Credit Union July 21, 2021 Many ODs, practice owners and first-time buyers are unfamiliar with the analysis required to determine practice cash flow adequacy. This can impact buying, selling and operating decisions. But what if cash flow adequacy can be simplified to one practice metric? Vision One Credit Union is the only financial … Read More
Net cash flow is a barometer by which the health of the practice is measured. It is also a primary component of a practice’s value. As cash flow increases, the practice value increases. Here are some of the best ways to boost your practice’s cash flow.
When graduating optometry school, retiring from practice seems a lifetime away. But there are steps you need to take in each phase of your career, including at the beginning, to eventually be able to retire without financial worries.
When seeking financing for a second practice acquisition, asking these four key questions can help you to borrow well–and become profitable sooner.
Most doctors are surprised at the initial low return of a second practice acquisition. But you need to look at the entire picture, not just the initial return. Here are six tough questions to ask yourself to determine: Do I buy? Or walk away?
Building your practice takes more than increasing patient volume and practice revenues. You need to make a financial plan and strategic investments. Here’s how to do that.
Leasing can provide a cost-effective way to add instrumentation to your office. By fully understanding the terms of your lease, including penalties if you pay off the lease early, you can avoid surprises and save money.