All finances Articles

  • 4.9K
    Finances

    Implement a Payroll Budget to Control Costs

    By Tina McCarty, OD, FAAOApril 27, 2016Effective payroll budgeting keeps your practice's largest expense manageable, making practice profitability much more likely. 

  • 4.5K
    Finances

    Use a P&L Statement to Track Performance and Grow Your Practice

    By Ken Krivacic, OD, MBAApril 13, 2016A profit and loss statement is the best measure of how your practice is performing financially....

  • 2.2K
    Finances

    Four Timely Strategies to Reduce Your Tax Bill

    By Adam Cmelja, President of Integrated Planning & Wealth ManagementMarch 9 , 2016The annual deadline for filing taxes is fast approaching. Here...

  • 2.4K
    Finances

    Diversify Your Investments, Build Financial Security

    By Chad Fleming, OD, FAAOMarch 16, 2016Diversifying investments is a key to a secure retirement with financial freedom. See how to set...

  • 2.9K
    Finances

    Five Steps to Better Manage Your Finances

    By Adam Cmelja, President of Integrated Planning & Wealth ManagementFeb. 3, 2016Apply proven management techniques to improve your practice's finances. Here are...

  • 2.4K
    The Optometric Minute

    Borrow Wisely in Your Practice Growth Plan

    Jan. 13, 2016: Kenneth Daniels, OD, FAAO, Dipl. ABO, owner of See Life - Hopewell & Lambertville Eye Associates in Hopewell and Lambertville, N.J.,...

  • 2.8K
    News Briefs Archive

    AOAExcel & Bank of America Offer Customized Financial Lending for AOA Members

    Dec. 2, 2015: AOAExcel, a member benefit of the American Optometric Association (AOA) that offers products and services to help optometrists manage...

  • 3.4K
    Finances

    Revenue Before Cost: Focus on Revenue-Generation, Not Cost-Cutting

    By Ken Krivacic, OD, MBAMay 27, 2015Investing in revenue-producing practice enhancements leads to profitability more than focusing on keeping costs down.     

  • 5.2K
    Finances

    4 Steps to Prepare to Sell Your Practice

    By Erik Ferjentsik, MBAMay 13, 2015Four key steps to take early on (as much as five years before a sale) can raise your...

  • 936
    Finances

    Use Inventory Tracking Tools to Boost Profits

    By Thomas Tomasik, ODApril 29, 2015Carefully tracking your inventory is key to finding the most profitable mix of products to invest in,...

  • 2.3K
    Finances

    Better Before Cheaper: Profit in Investing in Quality

    By Ken Krivacic, OD, MBAApril 15, 2015Improving quality and patient satisfaction—and not just cutting costs--is the best route to practice profitability. Three...

  • 2.0K
    Finances

    Six ROI Winners for Your Practice

    By Laurie Sorrenson, OD, FAAOApril 15, 2015Which investments have made the greatest difference to your profitability? Here are six that produced great...

  • 2.4K
    Finances

    Social Security Planning: Plan Early, Reap Rewards

    By Adam Cmelja, CMFAPosted 1-7-15Planning and adjusting retirement funds can make a six-figure difference in your benefits over a full retirement period. 

  • 3.2K
    Finances

    Don’t Miss Out on Your Section 179 Deduction

    By Jack Craven, CPA, CGMA, MBASection 179 of the IRS tax code lets you deduct the full price of qualifying equipment or...

  • 23.0K
    Practice Metrics

    Metrics to Manage By: How to Calculate Chair Cost per Exam

    By Thomas F. SteinerDirector of Research, Review of Optometric BusinessTracking a key expense like chair cost helps you work smarter and optimize...

  • 15.2K
    Practice Metrics

    Metrics to Manage By: Revenue per Patient & Revenue per Staff Hour

    By Thomas F. SteinerDirector of Research, Review of Optometric BusinessManage effectively by tracking critical practice performance metrics. Begin with the most important...

  • 7.6K
    Finances

    Five Ways to Minimize Tax Liability

    By Adam Cmelja, CMFAKeep more money in your pocket by applying five simple strategies that reduce your tax liability.

  • 3.1K
    Finances

    Retirement Planning: Plan Now for Post-Career Security

    By Chad Fleming, OD, FAAOFor an independent OD, retirement planning is a career-long process. Strategize how much to save right from the...

  • 3.5K
    Finances

    Six Steps to Achieve and Maintain a High Per-Patient Revenue

    By Rachael Click, ODHigh per-patient revenues are the core of practice profitability. Six steps get you there.

  • 2.5K
    Finances

    Financial Management: How Much Should You Delegate?

    By Diane Palombi, ODBe hands-on with your practice's financial management. This secures your revenues and keeps you aware of your profitability.

  • Finances

    Acquiring a Practice: Management Lessons Learned

    By Ann Rea Miller, ODIn buying a practice, avoid the pitfalls that can dash your hopes and dreams. Here are key lessons...

  • 2.9K
    Finances

    Alternative Minimum Tax: Investing in Your Practice May Reduce Your Tax Bill

    By Adam Cmelja, CMFAUnderstanding the alternative minimum tax can save you money. In fact, investing in your practice may reduce your tax...

  • 2.2K
    Other Videos

    How to Compute Net Cash Flow

     Robert Schultz, president and CEO of Vision One Credit Union in Sacramento, Calif., details on the importance of cash flow.

  • 2.1K
    Finances

    Eight Steps to Cut Costs and Increase Profits

    By Laurie L. Sorrenson, OD, FAAOKeeping your costs of operation down is a key to creating a profitable practice. Here are simple...

  • 9.5K
    Finances

    Measure Profitability with a Profit & Loss Statement

    By Melanie J. Denton, OD, FAAOLike any small business owner, OD-owners need to closely monitor their practice's gross and net revenues. Do...

  • 4.4K
    Finances

    Key Questions to Ask When Financing a Second Practice Acquisition

    By Bob SchultzWhen seeking financing to acquire a second practice, asking four key questions can help you to borrow well--and become profitable sooner. 

  • 3.0K
    Finances

    Disability Insurance: Safeguard Your Practice and Profits

    By Adam Cmelja, CMFAWhat happens to your practice if something happens to you, the primary revenue-generator? Adding comprehensive disability insurance that covers...

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