Practice Acquisition & Start-Up Articles

Leadership: Key to a Successful Transition

by Tammara Plankers | Published 06/06/2008 | Practice Acquisition & Start-Up : Eye Care

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Most vision care practices ultimately succeed – but inevitably, some new practice owners run into transition difficulties that require assertiveness to overcome. Whatever challenges you may face when transitioning to ownership, your practice can survive and thrive when you apply the lessons of leadership. Take a look at how other practice owners have used their leadership skills to overcome a difficult situation.

Financing Options For Your Practice Purchase

by Jeff Connon | Published 03/31/2009 | Practice Acquisition & Start-Up : Eye Care |  Financing & Financial Planning : Eye Care

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While today’s economic environment is certainly challenging, there are still a number of financing options available to optometrists. Whether you’re purchasing an existing practice or starting up a practice in a lease space, you most likely need financing that gives you maximum flexibility and resources to meet your immediate needs and ensure long-term success. 

How the Entity You Select Can Protect You From Liability

by William Prescott | Published 03/15/2007 | Financing & Financial Planning : Eye Care |  Practice Acquisition & Start-Up : Eye Care |  Legal & Business Planning : Eye Care

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Are you forming or purchasing a practice? Are you planning to practice with another doctor? What entity form is appropriate and what do you need to know to select the right one?

Laying the Groundwork for Your Practice Start-Up

by Tom Bowman | Published 02/25/2010 | Practice Acquisition & Start-Up : Eye Care

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If you have been dreaming of opening your own practice but never quite seem to get around to it, you’re in good company. The fear of failure is the single-most reason we spend more time dreaming about our new practice rather than laying the groundwork for getting the project up and running. In order to forge ahead in starting a practice, we first have to get over our fears.

Associateship To Buy In - The Importance of Written Agreements - Part 1

by A. Lee Maddox | Published 07/02/2009 | Practice Acquisition & Start-Up : Eye Care |  Legal & Business Planning : Eye Care

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Setting the Stage for Your Practice Acquisition

by John W. Gay | Published 09/17/2009 | Practice Acquisition & Start-Up : Eye Care

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If you are thinking about purchasing or buying into a practice, first consider these six key factors for determining purchase success:

How to Choose a Business Appraiser

by Marilee Blackwell | Published 02/25/2010 | Legal & Business Planning : Eye Care |  Practice Acquisition & Start-Up : Eye Care

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So you’re ready to buy a vision care practice. Congratulations on taking this significant step in your career! But before you finalize your purchase, be sure to get a technically correct and professionally prepared practice appraisal as this can influence whether a deal is ultimately completed and you can get a loan.

Is It Your Time for Practice Ownership?

by Thomas Bowen | Published 02/25/2010 | Practice Acquisition & Start-Up : Eye Care

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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?

Associateship or Ownership - Making the Choice That Is Right for You

by Allison Farey | Published 09/20/2007 | Practice Acquisition & Start-Up : Eye Care

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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. Before making a decision, you’ll want to conduct careful research and give much consideration to the alternatives as each inherently entails its own advantages and challenges.

Five Characteristics of Successful Buyers and Sellers

by Tammara Plankers | Published 07/02/2009 | Practice Acquisition & Start-Up : Eye Care

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To successfully purchase or sell an optometric practice requires a certain amount of know-how. Most of all, successful buyers and sellers possess keen planning and organizational skills that ensure they are on the right path and asking the right questions. Do you possess the five key characteristics for successfully completing a vision care practice sale or purchase?