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Articles for Practice Ownership & Management

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If you read your journals, you get plenty of information on the state of the optometric industry today. As in most sectors of the economy, some of it is more than a little discouraging. The question, however, is: what does it all mean to me if I’m considering opening or purchasing a practice? When is the time to enter the world of practice ownership? 

During your professional life, you will reach a number of crucial turning points that will shape your career path and financial future. Deciding whether to move from practicing as an associate to owning your own practice is one such turning point.

So you’ve decided to make the leap to practice ownership. Congratulations – you’re in for a life transforming experience! But before jumping in, be sure that you’ve done everything possible to lay the groundwork for a successful transition. The key to building a thriving practice is being prepared on many levels – financially to be sure, but above all psychologically, with a winning attitude and frame of mind. The following recommendations will help you determine how prepared you truly are for ownership success.

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Disclaimer

Articles and information available in the Strategies for Success Library are for general information only and do not constitute, nor are they intended as, a substitute for legal, tax, financial or other professional advice. Readers should consult their own attorneys, accountants, financial and/or other professional advisors for advice applicable to their particular situation. The opinions and views expressed in the articles are the opinions and views of the author(s). Matsco provides all articles and all information therein "AS IS". Matsco makes no warranties, express or implied, regarding any of the articles or the accuracy or completeness of the information contained therein. Readers should be aware that articles or information contained therein may be incomplete, may contain errors or may have become out of date. Matsco disclaims any duty to update any articles contained in the Strategies for Success Library.