Gain business insights on subjects such as opening a practice, developing a partnership, planning the sale of an optometry practice and more.
When establishing an optometry clinic, the preparation of a business forecast is essential. A key element of the business plan, the business forecast is a financial document whose main purpose is to display the viability of the clinic to financial partners.
Investing is really spending time and/or money on something with the hope of increasing its value. I use the term “hope” because most people have no idea if spending their time or money on something is a wise decision. So how do you make it a wise decision? How do you ensure that your investment in an independent optometry clinic will produce a positive return?
Are you visible and available to your potential patients? Without a website, you aren’t nearly as accessible to people as you might think. But the importance of a web presence goes beyond simple visibility. Read on to learn the benefits of having an optometry business website.
When reviewing a financing application for an optometry business loan, a financial advisor considers several factors to assess the project’s viability and the borrower’s ability to repay the line of credit. What follows are three key factors that must be covered in an optometric business plan so that you and your advisor can make an informed decision.
Whether you plan to take on new partners or sell your practice, establishing the current value of your business is a necessary first step.