Practice Management and Profitablity
Owning a practice gives you the rare opportunity to truly control your career and financial destiny. The path certainly isn't easy and there are multiple ways to both success and failure. Learn some tips on how to make your practice thrive and become more profitable below:
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Capturing FSA Dollars for Practice Profitability
Set Precedence As I write this article, we are approaching the end of the calendar year. Holiday decor, cold weather and basketball season are all in full gear. So what does the end of the year mean for an optometry practice? In many cases, this is a practice’s busiest time with patients trying to get…
Should an Optometrist Use a S-Corp? By: David Glenn (Guest Writer)
Editor’s Note: This is a guest post written by one of our sponsorship partners. Aaron and Dat are extremely strict about guest requirements in that they must be educational and informative to our readers. Every guest post is vetted, read and upheld to the highest standards of ODsonFinance. Your trust is the most valuable factor to…
Owner Occupied Real Estate with Dr. Adam Bryan & Dr. Aaron Neufeld
In this episode, Dr. Adam Bryan discusses his journey with owner occupied real estate and how it has benefited his practice. Dr. Neufeld also gives an overview of owner occupied real estate and his personal experience with it. Related Articles
Private Equity and Entrepreneurship with Dr. Alan Glazier
In Episode 2 of the ODs on Finance video/podcast series, Dr. Alan Glazier (Founder, ODs on Facebook; Business Development Executive, Total ECP; Founder, Shady Grove Eye and Vision Care) talks about private equity and his personal involvement in it. Dr. Glazier also shares insights on entrepreneurship, the future of optometry and his personal finance principles.…
3 Ways to $300K Net – Dr. Charles Tille on High Netting Sublease Ownership
Dr. Charles Tille OD talks about strategies he uses to maintain a high net at his Lenscrafters sublease. Also, this is our first go at video + podcast, we promise quality will improve as we go along! Related Articles
Private Practice Spotlight – The Husband and Wife Team and their Cold Start Practice Duo
A few things come to mind when South Dakota is mentioned. Vast state parks, enormous caves, Mount Rushmore and an old drug store are few that might ring a bell. But how about a duo of successful cold start private practices? Probably not the first thing you thought about. Enter Jones Family Eyecare, a growing…
Private Practice SpotLight: Starting Cold
Dr. Sam Johansen OD knows a thing or two about starting a practice cold. With two successful growing practices under his belt (in Greenwood, SC and Newberry, SC) and a third underway, Dr. Johansen exemplifies how hard working entrepreneurship mixed with faith and a fearless attitude can result in an ever growing network of business.…
Health Savings Account (HSA)
What is a Health Saving Account (HSA) aka “Stealth IRA”? Alright, let’s chat about the Ninja in the Room (Haha, I crack myself up) which is the Health Saving Account (HSA). If you are enrolled in a high-deductible health insurance plan, you can open an HSA either outside or via your employer. For 2019, the…
Purchasing a Practice – The 4 Methods of Valuing a Practice
There are a myriad of ways to calculate the value of the practice. Although some methods may be used more than others, there is no “100% correct way” of valuing a practice. Ultimately the value of a practice becomes a mutual agreement between the potential seller and potential buyer. The buyer assumes it to be…
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