Re: Definitions
- Understanding Adjusted EBITDA (12/5/2023) - Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA or ‘ee-bit-dah’) is a term we first encounter when we begin discussing selling our practice to a private equity (PE) firm. EBITDA… Continue Reading »
- The Problem with Payroll (12/5/2023) - There are rarely ‘homeruns’ on the financial side of our practices. Instead, look for ‘base hits’ - small incremental changes that when added together over time make a big impact.… Continue Reading »
- My Profit and Loss Statement Says I Made A Lot of Money Last Year; Where is it? (12/5/2023) - Besides having a well-structured profit and loss statement, you need to know how to read it. Even if you are a cash-based business (which you probably are and do not… Continue Reading »
- How are Investments in Equipment Treated During the Sale Process? (12/5/2023) - Doctors who have had the opportunity to discuss a potential sale of their practice with another optometrist often wonder how their equipment is taken into consideration during a sale. If… Continue Reading »
- So You Want to Sell Your Practice… with Michael Pote, CEO of The Growth Cooperative (3/29/2019) - Mr. Adam Cmeila is a phenomenal person and financial consultant. He sponsors and is the host of a podcast series called A Dose of Financial Cents. I would recommend checking… Continue Reading »
- Seriously?! (3/21/2019) - Did you see this article? https://www.bizjournals.com/sacramento/news/2019/03/13/vsp-invests-in-new-retail-locations.html For all the practices that believe VSP is on the side of independent optometry, I have a bridge in Brooklyn that is for sale.… Continue Reading »
