Title: Building Business Acumen (Handout Provided)
Topic: The Building Blocks for Financial Success
COPE ID: 58657-PM
Duration: 2 Hours
Summary: Optometrists receive very little business training during the traditional 4-year optometric curriculum. Yet, most ODs find themselves, at some point, responsible for at least some aspect of the business operations of the organization. This course takes a deeper dive into the ODs’ role as CFO of their practices. We will take a detailed look at the 5 basic fundamentals for establishing a sound financial foundation for an optometry practice in a follow along format. This interactive course focuses on creating The Simple Budget, a simplified approach to budgeting; understanding Financial Statements; managing Cash Flow in your practice; Tracking Progress; and planning for the unexpected. We’ll further explore our own perspectives on money and how they affect our practices.