Re: Definitions
- A Letter from Dr. White (4/10/2024) - Sometimes I will ask a client to writ about their experience of the sale process (especially some of my more verbal clients). Here's one optometrist's unfiltered view of the process.… Continue Reading »
- Listen to the Podcast (3/13/2024) - Thanks to Evon Mendrin of Optometry Wealth Advisors, LLC for inviting me to discuss the subject of private OD to OD sales and acquisitions. With the advent of private equity,… Continue Reading »
- 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 »
