Madhu Singh

Recent Posts

Budgeting for the Rest of 2019

Posted by Madhu Singh on Thu, May 23, 2019 @ 11:05 AM

As we approach the halfway mark of 2019, it's time to evaluate if your optometry practice is on track financially. Has your actual spending matched or exceeded your budget? Have you experienced any unexpected expenses?

Although reducing expenses is very important, we also think the first step is developing good money habits and understand which areas of your practice needs more investment.

Even if you have an accountant or consultant, it's a good idea to do quarterly financial reports to make sure everything is in order and see any trends. Today, we'll go over how to get yourself on track and make space for emergencies and expansion.

Read More

Game of Thrones Leadership Styles in Your Optometry Practice

Posted by Madhu Singh on Thu, May 16, 2019 @ 08:05 AM

Some of us look to historical or business leaders for inspiration when it comes to developing our own leadership style. However, why not draw parallels between optometry staff management and the TV show everyone's talking about this week: Game of Thrones? 

An effective leader responds to the needs of their people while fully utilizing the resources they have to grow. From autocratic to laissez-faire, the type of leadership that works well for your practice may not work well for everyone. 

Let the strong characters of Game of Thrones help guide you towards the style that fits your optometry practice best. Maybe you're currently thinking like Sansa, but need to take action like Jon?

Read More

Is It Time to Hire an Associate OD?

Posted by Madhu Singh on Thu, May 09, 2019 @ 14:05 PM

With new patient growth comes the need to change and grow your practice in size, number of people, or budget.

It's hard to know when it's time to expand your practice, but we can spot a few tell-tale signs that you need to hire a new employee or associate. Usually, having a full patient schedule at least two weeks in advance is a good indicator that your practice could afford to hire more help. However, hiring another optometrist is a big leap to take financially and logistically.

Make sure hiring an associate OD is the best move for you by investigating your options.

Read More

Improve Your Optometry Practice with Just $100

Posted by Madhu Singh on Thu, May 02, 2019 @ 11:05 AM

Although we discuss keeping up to date with the latest software and making regular improvements to your practice, we don't often focus on the expenses. Some optometry practice upgrades can be a large initial investment, while others are virtually free.

We believe spending no more than $100 on a few, key items can improve your communication, dispensary sales, or day-to-day efficiency. Not every practice change has to cost thousands in order to keep your patients satisfied.

We've rounded up inexpensive solutions to common practice issues that you could implement within the week below.

Read More

The Best Goal Tracking Template for Optometrists

Posted by Madhu Singh on Thu, Apr 25, 2019 @ 14:04 PM

Developing a 3 or 5 year plan for your practice can be stressful, but it's something every independent optometrist usually creates in alignment with their personal career goals. Why shouldn't you do the same for your optical staff?

When your employees have measurable targets, they are more motivated to stay on track to meet sales requirements, bring in new patients, and gain promotions. However, providing guidance and direction is difficult when you have a team of individuals with different skills, interests, and personal desires.

That's why we created a goal tracking sheet that can help keep your staff on track, organized, and productive. Keep reading to learn how to create SMART goals and meet your annual targets together.

Read More