Preparing for Vision Expo West 2024: A CEO’s Guide to Maximizing Innovation and Networking

As the CEO of a practice with five locations and nine doctors, attending Vision Expo has become a pivotal part of my year. With the event just over a week away, I’m gearing up for what is always a highlight in my professional calendar. Here’s how I prepare for it, focusing on innovation, efficiency, and […]

Drilling Down on Cost of Goods: Key Strategies for Optometry Practices

Profitability within the optometric profession is more challenging than ever. As independent owner O.D.s, we find ourselves in a deflationary period due to decreasing reimbursements from insurance companies and increasing competition within the optical marketplace. Simultaneously, we’re experiencing the most significant inflationary period in the last three decades, with rising costs of utilities, rent, goods, […]

Keeping Vendor and Product Flexibility Within Your Practice

Keeping Vendor and Product Flexibility Within Your Practice In the business world, one of the greatest strengths is the flexibility and maneuverability among vendor suppliers. Balancing product quality with vendor relationships is not always easy, but it is attainable. Historically, independent optometrists have sought single vendor relationships to minimize change management and reduce the overall […]

Maximizing Your PiP Membership to Slash Shipping Costs

As a valued member of the Partners in Profit (PiP) community, you’re already ahead of the curve in revolutionizing your practice’s operations and profitability. But are you leveraging every facet of your membership to its fullest potential, especially when it comes to minimizing shipping costs? The Consignment Model Advantage: Transitioning from traditional frame buying to […]

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 […]