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
Sponsored Content By Bob Schultz CEO, Vision One Credit Union April 14, 2021 Small practices have traditionally been difficult to sell, yet they represent a significant number of independent optometric practices in the U.S. Without a reliable means of transition, these practices can end in closure. The small practice used to be defined as $300,000 or less in collected revenues when … Read More
One of the critical safety nets overlooked by many practices is maintaining the appropriate cash level in the practice bank accounts. This is known as “Working Capital.” Lack of working capital is the leading cause of business failure. Learn how to better manage this aspect of your practice’s finances.
A common question practice owners ask themselves is: How can I use my private practice to retire with $2 million or more to replace my $150,000 per year salary? Here’s the answer to that question.