If you’re considering acquiring a practice, these tips can help simplify this new opportunity.

Have you cold-started your optometry practice in the last few years?

Or are your looking to launch sometime soon?

In this episode of The Cold Start Corner we connect with Evon Mendrin, CFP, CSLP, Founder, Optometry Wealth Advisors, for insights on income tax planning and how best practices for practice owners in the early years of ownership.

Are you interested in learning more about how to purchase an optometry practice? Join us as we hear from Kyle Dearing, OD, owner of Modoc Family Optometry and learn about his journey into becoming an optometrist and the process behind buying an eyecare practice. He will discuss the things he had to consider such as financial pro formas and market research as well as the objectives he set in the first 90 days of ownership such as team development, patient communication, cash flow management and SOPs. Finally, learn what Kyle has planned for the future including scope of care expansion, team growth and patient outreach through marketing efforts. Watch now to get all the advice you need for purchasing an optometry practice! #optometry

Are you looking to make strategic business decisions for the location of your optometry practice? In this episode of The Cold Start Corner: Experts, Ron Krefman, OD, FAAO will teach you the basics of geo-spatial analysis and market research for modern optometry cold-start. Learn how to leverage data and use key variables like demographics, competition, eyecare spend, and lifestyle indicators to inform the optimization of patient journeys, workflows, optical offerings, profitability and more! Don't miss out on this informative episode as Ron guides you through where to start your geo-spatial analysis journey and how to access the information.

Are you considering cold-starting or purchasing an Optometry practice? Make sure you secure your legal rights and interests with the help of professional Optometry counsel! Join us for this episode of The Cold Start Corner: Experts Edition LIVE, as Ali Oromchian, Founder from Dental & Medical Counsel shares valuable insights on lease negotiation, organization & legal structure, operating agreements, HR & people and more! Tune in now to make sure your Optometry practice is set up for success!

Growing public health demand for vision, medical, & elective eye care has spurred the evolution of many fascinating specialties across modern Optometry. This episode of The Cold Start Corner provides insight for emerging and new practice owners eager to grow an optometric specialty in their cold start or add a specialty to their recently purchased practice.

In it we explore the economics of modern Optometry and specialties, and how to add & grow a specialty in a newly established practice!

Watch, Learn, Launch!🚀

Want to learn more? Checkout this article contributed to Jobson Optical's Independent Strong https://independentstrong.reviewob.com/index.php/2023/02/07/how-to-implement-specialties-in-the-modern-cold-start-independent-practice/

#businessfoundations #practicelaunchpad

#strategy #analytics #profitability

#addingaspecialty #retailaccelerator #digitalmarketingaccelerator

#independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Are you a modern OD looking to utilize tech in your cold-start to delight your patients, simplify workflows, & power your practice?

Do you have an established practice that you're ready to take to the next level with tech?

On this episode of The Cold Start Corner LIVE: Experts Edition, the Co-Founder of Dr. Contact Lens, Brianna Rhue, OD, FAAO, FSLS and Jenn Tabiza, OD, join us to discuss all the ways modern tech and SaaS solutions can benefit the contemporary practice (and there are oh so many ways🤩):

• What is the role of technology in modern eyecare?

• How is tech changing the game across o Patient journey? o Operations & workflows? o Practice economics (profitability)?

• Role of tech across stages of practice lifecycle o Cold-start o Recently Purchased o Established

• How can modern ECPs implement tech in their practice? o Where to start? o How to identify the need? o How to find the right the solution?

• Team engagement & motivation o What hurdles to implementation? o How to overcome team objection: “the way we’ve always done things” o Best Practices

• Tell us about your experience with tech o How do you utilize it in your practice? o Monthly Saas subscriptions o Impact to your practice, ROI?

• How can modern ECPs deploy tech in their practice NOW?

#businessfoundations #practicelaunchpad #digital #analytics #profitability #techglowup #retailaccelerator #digitalmarketingaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Do you have an opportunity to purchase or buy-in as a partner of an Optometry practice?

Are you an established owner looking to purchase a "fixer-upper" in adding a location to your practice?

This episode of The Cold Start Corner outlines the 3-step process for the independent OD-to-OD practice transition and provides best practices for each phase of the journey:

Valuation-- constructing a fair market value of the business

Negotiations-- agreeing on win-win terms for all parties

Implementation-- making the practice your own 🚀

#businessfoundations #practicelaunchpad #360transition

#strategy #analytics #transition

#360valuation #rcmkickstart #talentmanagement

#independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Are you ready to set-up the processes best suited to delivering top level of care, delighting your patients, and ensuring growth and efficiency in your practice (with minimal headaches!) ?

#businessfoundations #practicelaunchpad #diylaunchpad #strategy #analytics #profitability #communitygrowth #rcmkickstart #digitalmarketingaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Are you a new or emerging practice owner looking to add a specialty to your practice?

Thinking it's not feasible as a new practice?

Think again!

In this episode of The Cold Start Corner: Experts, Allie Markowski, OD, Owner, Connecticut Vision Associates, shares how she launched a thriving specialty in her practice just a few months after opening.

#businessfoundations #practicelaunchpad #diylaunchpad #strategy #analytics #profitability #addingaspecialty #techglowup #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Managing managed care in your practice can be 🫠

This Cold Start Corner: Experts Edition features Dr. Nathan McClain of PracticePal, discussing Managing Vision Plans in your Cold Start.

Dr. McClain talks about how to guide your team and how PracticePal can make it a less painful process 🤓

Cold start or established practice - you've gotta check this one out:

#coldstartcorner #optometrist #optometry #eyecare #vision #eyedoctor #eyewear #glasses #optician #eyes #sunglasses #eyehealth #optical #eyeglasses #eyeexam #contactlenses #eyewearfashion #optometrystudent #frames #retina #glaucoma #spectacles #eyesurgery #optometrylife #doctor #eyewearstyle

Have you found an eyecare practice you're interested in purchasing?

Thinking about the possibility in the future?

Check out this video where Erich identifies the necessary considerations you should make prior to purchasing an established practice.

#smallbusiness #entrepreneur #practicepurchase #optometrist #optometry #eyecare #vision #eyedoctor #eyewear #glasses #optician #eyes #sunglasses #eyehealth #optical #eyeglasses #eyeexam #contactlenses #eyewearfashion #optometrystudent #frames #retina #glaucoma #spectacles #eyesurgery #optometrylife #doctor #eyewearstyle

We’re demystifying eyecare practice valuations in this 3 part series, Practice Valuations 101

Cold Start Corner: Experts | Financial Planning for your Cold Start

Check out this three-part series with Evon Mendrin of Optometry Wealth Advisors for financial planning advice while you’re planning your cold start, during launch and the early years, and once you start making a profit.

"Financial Planning for Your Cold Start" part 3/3, Cold Start Corner: Experts

In the final part of this series with Evon Mendrin, CFP, CSLP, he and Erich talk about your practice's finances post-launch. Your profit is growing, now what? Check it out!

We are demystifying eyecare practice valuations in this three-part series! Are you in the position to buy, sell, or buy-into a practice? In this first part, Erich will walk you through reconstructing the financial statements and understanding Earnings Basis Measures.

Experts Edition: Financial Planning for your Cold Start, part 2/3

In the second part of this three part series, Erich and Evon Mendrin, CFP, CSLP talk about the financial piece of your cold start’s launch and the early years of your practice - both inside your practice and inside your home. Check it out!