Episode #182
20/20 Money Episode # 182 – The 3 basic variables that influence the revenue (and thus profitability) of an optometry practice
May 2, 2022
Sometimes we can lose focus of just how simple business can be, and an optometric practice isn’t any different. In this episode I’ll break down the three factors that, when multiplied together, will give you the top line, gross revenue of your practice. I’ll then walk you through the mindset and logistics of how you can use this number to start thinking about intentionally creating the practice that ultimately serves you and your personal goals.
As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our newsletter and you can also set up a 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions or check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars.
Resources:
Register for “Looking back to look ahead” tax planning webinar
Do you have an “intentional” practice? – Review of Optometric Business
Plan your year: an introduction to free, focus, and buffer days (episode 114 of 20/20 Money)
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