Frame Board Management: A New Normal
The optical industry flourishes because it dictates the rules of how frames are sold. Opticians purchase large inventories of product and hope to sell it. If the product does not sell, then it is returned for other product. This method greatly favors the eyeglass vendor. The optical owner, whether optometrist or optician, bears the risk […]
Innovation Fueling 18% COGS
Innovators love ideas and innovative optometrist love metrics, especially metrics that prove creative endeavors rewarding. One doctor, a fellow member of Partners In Profit (PIP), recently said: “I looked at our numbers and I was shocked. Our COGS were at 18%. 18%! We’ve never seen those kinds of numbers.” Those kinds of numbers are only possible […]
What to Look for in a Private Label for Your Optical
In the realm of optometry, innovation and cost-effectiveness are pivotal to staying ahead in a competitive market. Large retail companies have long harnessed the power of private labels to achieve this balance. Names like Walmart, Best Buy, and Amazon come to mind, with their successful private label products like Equate, Insignia, and a myriad of […]
Revolutionizing Optometry Practices: Increase Your Cash Flow with Consignment Frames
The Traditional Challenge with Managing Frame InventoryA New Approach: Consignment of FramesHow Consignment WorksThe Benefits UnveiledConclusion Introduction:In the competitive world of optometry, managing cash flow effectively is paramount. One often overlooked area with significant potential for financial improvement is frame inventory management. Let’s explore a transformative approach that is reshaping how optometrists manage their frame […]
New Profit Opportunities with Partners in Profit
Private Label Excellence Embracing Technology with a Virtual Assistant Efficient Shipping Solutions Innovate and Profit with Us! Join the ranks of thriving optometry practices. Learn more about our innovative frame and lens modeling program by speaking with one of our dedicated team members.
Investment Update, Fourth Quarter 2018
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Cutting Your Restaurant’s Operations Costs
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Improving patient eye care through clinical scribing
Three years ago, I was approaching burnout. I was seeing 18-20 patients per day in my optometry clinic and I thought my fingers were going to fall off from constant charting. Patient care was suffering because I spent more time in front of the computer screen than I did talking to patients. When I chose […]
Edging when you don’t have a lab
The most profitable and effective way to manage an edging-only lab is to partner with an edging company that is knowledgeable and reasonable to do business with.
Solution financial for good startup
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