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Financial Strategies - Aaron Neufeld - Optometrists Building Empires - Episode # 018
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Take your optometry practice to the next level with invaluable insights about personal finance and business growth for optometrists. This week’s guest is Dr. Aaron Neufeld, Owner and Optometrist at Los Altos Optometric Group and Pacific Eye Care, and Co-founder and Chief Operating Officer of ODs on Finance. In this episode, you will discover practical business strategies, gain confidence in financial management, and smash common misconceptions about practice ownership. Get motivated to expand your horizons, whether it's scaling your current practice or acquiring new ones, all while maintaining a healthy work-life balance.
Takeaways:
- Delegate and trust your team. Learn to step back from daily operations to focus on strategic growth. Entrust responsibilities to competent team members.
- Understand individual needs. Recognize that different employees have different needs. Offer flexibility, such as allowing staff to customize their schedules to improve work-life balance.
- Strategize for business growth. In densely populated areas, consider acquiring existing practices rather than starting new ones. Look for opportunities with retiring doctors or practices with room for improvement.
- Continuously improve and learn. Regularly monitor and measure key performance indicators. Use this data to make informed decisions and continuously refine your business processes.
- Maintain a vision for growth. Define ambitious, yet attainable goals for expanding your business. For example, plan the number of new locations you aim to acquire and outline the steps to achieve this.
Quote of the Show:
- “If you're not running the business, if you're just being a doctor, then you're not going to be able to grow that business.” - Aaron Neufeld
Links:
- Od’s On Finance Facebook: https://www.facebook.com/groups/ODsonFinance/
- LinkedIn: https://www.linkedin.com/in/aaronneufeld/
- OD’s On Finance: https://odsonfinance.com/
- Los Altos Eyes: https://www.losaltoseyes.com/index.html
- The Optometrist's Guide to Financial Freedom: https://www.amazon.com/Optometrists-Guide-Financial-Freedom-ebook/dp/B07X8YWNR7
- Email: [email protected]
Ways to Tune In:
- Spotify: https://open.spotify.com/show/5w1H9BBwRXvBSSkexePYxG
- Apple Podcasts: https://podcasts.apple.com/us/podcast/optometrists-building-empires/id1762685070
- Amazon Music: https://music.amazon.com/podcasts/689a039b-54ce-4f04-b641-66d8640d93d0
- Podchaser: https://www.podchaser.com/podcasts/optometrists-building-empires-5812208
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