These informal video presentations include Q&As, insights and recommendations presented by IDOC’s team of consulting experts.
Question Of The Week
3 CAUSES OF TIGHT CASH FLOW FOR INDEPENDENT OPTOMETRISTS
One of the interesting mysteries that I get to unravel in many practices is the mystery of tight cash flow. Sometimes it’s obvious – a small practice with low profitability, for instance. But other times it’s not.
First off, what is tight cash flow? Here’s my simple definition: when there’s not enough cash generated by the practice to pay the practice bills, service loan debts, and pay the owner an acceptable income. Here are three primary causes of tight cash flow:
1) Low revenue / low
