The mantle of “independent optometrist” means much more than simply running a private practice. It represents a commitment to patient-centered care, personalized attention, and the freedom and responsibility to make clinical decisions based on individual patient needs. It embodies...
https://www.youtube.com/watch?v=boYQBVJGivQ
Listen Now: Eye Give a Damn about Private Practice with Dr. Julie Helmus!
Dr. Joseph Allen sits down with Dr. Julie Helmus – a second-generation optometrist who learned the business from mom and dad, both optometrists. She discusses her path...
The Transitions Diversity Advisory Board (DAB) is valuable as it represents a cultural meeting of the minds. The DAB can help ensure all voices are heard and represented in the decision-making process. This can help create a more inclusive...
Risk management is one of the most important parts of prudently managing your finances. This is true for your household as well as a private practice.
It also usually falls squarely in the “boring” category of personal finance topics.
It’s way...
The summer months are approaching! Many of us will get our sun protection on with suntan lotions, sunglasses whether prescription or plano. And we cannot forget our baseball caps/visors for the beach and for those outdoor pool parties and...
“Cash is the most powerful opportunity magnet ever created.”
-Greg Crabtree
How do you track the flow of dollars into and out of your practice?
Cash flow is critical. It’s the lifeblood of your optometry practice and your household.
Healthy cash flow helps...
Q&A: Are Your S-Corporation Distributions Taxed?
Q: I own an S-corporation. Am I taxed when I distribute money to myself?
This is a really common question. If you send money to yourself from the practice, does it get taxed again?
Do you...
There are a lot of benefits to business and practice ownership. Among them are the tax planning opportunities that come with it. A big planning opportunity is the QBI (Qualified Business Income) deduction. This newsletter is all about:
Background...
In February’s newsletter, I wrote about protecting your wealth through forms of business entities and insurance coverage. After all, growing wealth is not particularly helpful unless you also ensure that you can preserve that wealth, especially when life throws...
In this article, Vittorio Mena O.D.,M.S. and Bill Potter O.D. will exchange interview questions on basic personal finance topics for the OD.
Question: Vitto, you’ve taken an interesting approach in your second career. How did you get started in the...