Can Your Small Eyecare Practice Earn $1 million?

Posted by Madhu Singh on Wed, Feb 12, 2020 @ 09:02 AM

In the first few years, OD practice owners are focusing on paying off debt, hiring the right people, and building a patient base. After they've established themselves in the community, some owners are looking to grow rapidly. Of course, if you're a multi-OD practice, you're already primed for growth. But how can you grow your small practice with your existing resources?

We were inspired by the story of Westminster Eyecare Associates to find out how a mixture of the right tools and business acumen can get you to your year-end revenue goals. Here are the first few steps to scaling profits without investing a large amount of money or hiring a team of associates.

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5 Resources to Successfully Train Your Optical Hire

Posted by Jeff Rezabek on Tue, Feb 04, 2020 @ 09:02 AM

Bringing in new talent into your optometric practice is exciting. With new hires comes a boost in creativity, productivity, and positivity. It also comes with the challenge of training the individual quickly and efficiently enough that you can return to managing your practice and seeing patients.

Below are a few optical resources your practice can utilize to train any new employee in your eyecare practice, some are even free.

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8 Formulas for Optometry Practice Management Success in 2020

Posted by Janelle Pauli on Tue, Jan 14, 2020 @ 14:01 PM

We can't stress enough the importance of consistently monitoring benchmarks in your eyecare practice. That's why we created an entire eBook talking about 8 important benchmarks that all eyecare practices should be paying attention to. Every eyecare practice is different and the benchmarks that you choose to monitor might vary, along with the consistency that you measure them.

To just leave your profits up to chance and not take the time to see where you might be able to make adjustments to increase your profits is a business mistake.

This optometry practice management formula sheet gives you what you need to know in order to calculate each of the 8 benchmarks discussed in the eBook. If you want to know more information, like what industry averages are and how to improve your low scoring benchmarks, download the full eBook.

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The Ultimate New Year's Resolution for Your Eyecare Practice

Posted by Janelle Pauli on Thu, Jan 02, 2020 @ 10:01 AM

It's time to use the momentum and profit from the end-of-year exams to think about the goals you want your practice to accomplish in 2020. It's easy to start off the new year slowly as you recover from the holidays, but we're here to encourage you to start planning for the year ahead.

We've got 3 important resolutions your eyecare practice can choose from, along with an eBook full of resources to help you reach your resolution quickly. No matter which resolution you pick, you'll be in good hands and have a head start going into the new year.

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Optometric Practice Owners Spill Their Secrets On Building A Successful Business

Posted by Jeff Rezabek on Tue, Dec 03, 2019 @ 15:12 PM

Running a successful optometric practice requires a wealth of knowledge. While years of hard work and quality education prepares ODs to care for the ocular health of their community and patients, many practice owners were never taught how to run a business effectively.

While there are business lessons that can be learned in a classroom, many business lessons can only be learned by first hand experience or from a mentor whose guidance can help budding ODs prepare for practice success.

Although many online communities bring ODs and eyecare professionals of varying experiences together, many ODs who need help may not know what questions to ask or what they need help with. That’s why we created this eBook.

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