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.
Planning the Three Stages of Optometric Practice: Stage 1
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.
Key Questions to Ask When Financing a Second Practice Acquisition
When seeking financing for a second practice acquisition, asking these four key questions can help you to borrow well–and become profitable sooner.
Acquiring a Second Practice: Six Tough Questions to Ask Yourself
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?
Six Strategies to Take Your Practice to the Next Level
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.
Understand Terms of Leased Instrumentation to Save Money
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.