by Nathan Hayes | Jun 28, 2025 | Uncategorized
“Where am I spending too much money?” is one of the most common questions I hear from ODs. And it makes sense: a fast way to increase profits and cash flow is to stop spending money. However, most optometrists tend to be conservative with spending, so it’s...
by Nathan Hayes | Jun 14, 2025 | Uncategorized
“If you think about it, benchmarks are just a way to make you feel bad about your own practice.” Gary Gerber, OD Recently, I had a conversation with a Books & Benchmarks client who was concerned that his Cost of Goods Sold had recently climbed above 30% of...
by Nathan Hayes | Jun 7, 2025 | Uncategorized
In a previous blog on cash reserves, I covered why it’s unwise to let large amounts of cash sit in your practice. Now, I want to expand on the reasons why it’s important to intentionally and regularly distribute excess cash. If you need a refresher on how to...
by Nathan Hayes | May 24, 2025 | Uncategorized
This week, I had the opportunity to attend an annual event hosted by the Southern College of Optometry that celebrates recent graduates who have taken the leap into practice ownership. These young owners told their stories, from graduation to starting a...
by Nathan Hayes | Apr 5, 2025 | Uncategorized
One of the first decisions practice owners need to make when setting up their optometry practice is which accounting method they will use. This often leads to the realization: “Wait, there’s more than one way to do accounting?” Yes, there are two...
