by Nathan Hayes | Aug 17, 2024 | Financial Operations, Practice Management, Risk Management & Financial Security
At Books & Benchmarks, we understand that some optometry practice owners prefer to manage their financials independently. However, for us to provide the best service, it’s important to work together closely. When practices share insights and details...
by Nathan Hayes | Apr 27, 2024 | 7 Key Expense Areas, Leadership & Management, Practice Management
At this point, most optometry practice owners will agree that sharing metrics and results with their team can help sharpen focus, uncover areas to improve, and increase staff engagement. But what should you share? And is there such a thing as over-sharing? Let’s...
by Nathan Hayes | Jan 27, 2024 | Budgeting, Cash Flow & Cash Management, Financial Operations, Practice Management, Risk Management & Financial Security
At Books & Benchmarks, as we categorize and reconcile our clients’ bank and credit card accounts each month, we are constantly learning what works best for our clients. One area that will consistently cause more work for you, your bookkeeper, and your CPA is...
by Nathan Hayes | Jan 6, 2024 | Goal Setting, Leadership & Management, Practice Management
It’s a new year, which means a new set of goals and opportunities for private practices everywhere. Sure, every day, week, and month gives us a chance to improve, but there’s something about a new year that makes everything feel new. In this blog,...
by Nathan Hayes | Dec 30, 2023 | Cash Flow & Cash Management, Financial Operations, Leadership & Management, Practice Management, Tax Prep
In the world of personal finance advice, there’s an adage that says you should “pay yourself first.” This means prioritizing personal savings and investing before spending money on personal needs and wants. In a business context, it’s not as simple...
by Nathan Hayes | Dec 23, 2023 | Buying and Selling Practices, Financial Operations, Leadership & Management, Practice Management
What’s the best way to plan for expenditures? Practice owners try any number of strategies. Some use spreadsheet budgets while others sit on a mountain of cash (at least we know we won’t run out!). Some even have separate accounts for key expense areas, as well...
