Calculate Your Practice Value
By Mark Wright, OD, FCOVD
The value of your practice is not something you should know just when you are looking to sell your practice, or when you are two or three years out from retirement. Practice value is your business scorecard, and you should track it annually. If your practice is gaining value every year, then you are winning the game. If not, you are losing the game. Read more...
Upcoming MBA Seminar at The Ohio State College of Optometry
OD-owners, OD-associates and office managers are invited to attend an MBA Seminar to be offered July 19 at The Ohio State University College of Optometry in Columbus, Ohio. Mark Wright, OD, FCOVD, will present “Essentials of Financial Management,” and Carole Burns, OD, FCOVD, will present “Essentials of Staff Management.” Participants receive a personalized report that ranks the performance of their practice against national norms, based on an online questionnaire they fill out before or after the meeting. This report also shows the increased revenues that can be gained in various areas if that performance is improved.
To register, Click here.
To view a video on attending an MBA seminar, Click here.
Find Your Delegation Comfort Zone
By Laurie L. Sorrenson, OD, FAAO
Every practitioner differs in what they feel comfortable delegating. In some practices, the optometrist delegates refraction. In my practice, we delegate contact lens checking and troubleshooting. Of course, having staff take on these tasks means you have to train them, teaching them to use the phoropter or the slit lamp or whatever instrument is needed. Not all optometrists are willing to let go of control over these tasks. Read more...