If you get accustomed to making a comfortable income from a practice with flat growth, you may face a sobering reality when it’s time to sell. This is how to execute a detailed financial plan for continued growth—and to reach your financial retirement goals.
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.
Three Scenarios of Net Cash Flow: Is Your Practice Financially Healthy? Is it Salable?
Net cash flow is the lifeblood of an optometric practice. It is the barometer by which the health of the practice is measured. For each size practice–small, medium and large–here is what your cash flow is telling you about the state of your practice.
How to Compute Net Cash Flow
Managing “by the numbers” is essential to planning, achieving and documenting practice growth. The first number to compute–and the best barometer of the health of a practice–is net cash flow. Here’s how to compute it and why it’s important.
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