Dr. Ryan Corte interviews Dr. Aaron Neufeld, an accomplished optometrist and entrepreneur, discussing his journey from optometry school to practice ownership and the founding of ODs on Finance. They explore the importance of business education in optometry, the challenges of early career choices, and the significance of work-life balance. Dr. Neufeld shares insights on expanding into specialty care, the role of partnerships in growth, and the resources available for financial success in the optometry field. The conversation concludes with advice for new graduates and a look at future aspirations.

Books referenced in this interview

- The Pumpkin Plan: A business strategy book that influenced Aaron’s approach to patient and practice management, particularly in choosing the right patients for his practice.

- Ego is the Enemy: A book that provided insights into managing ego, handling criticism, and staying focused on long-term success.

- The ODs on Finance Guide to Financial Freedom: A book that is designed to teach both young and experienced optometrists financial topics that were never taught in school.

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Chapters

00:00 Introduction to Dr. Aaron Neufeld

04:56 The Importance of Business Education in Optometry

09:04 Navigating Early Career Choices

12:43 The Challenges of Rapid Practice Ownership

14:30 Work-Life Balance and Personal Wellbeing

17:20 Finding Passion and Delegating Tasks

19:41 Learning from Administrative Mistakes

22:02 Handling Conflict and Difficult Conversations

26:38 Embracing Discomfort for Growth

28:11 Transitioning to Specialty Care

29:46 The Importance of Diversification in Practice

31:31 The Journey of Partnership

32:43 The Birth of ODs on Finance

33:28 Navigating Student Debt and Financial Education

37:53 Lessons Learned from the Early Days

40:36 Building a Resourceful Community

43:29 Handling Negativity and Criticism

47:45 Looking Ahead: Growth and Community

49:38 Advice for New Graduates

51:39 Personal and Professional Aspirations

53:25 New Chapter

Takeaways

- Dr. Neufeld emphasizes the importance of business education in optometry schools.

- Networking and stepping out of comfort zones can lead to unexpected opportunities.

- Mistakes in practice management are valuable learning experiences.

- Work-life balance is crucial for long-term success and well-being.

- Specialty care, such as myopia management, can significantly enhance practice offerings.

- Partnerships can provide support and facilitate growth in practice ownership.

- The ODs on Finance community aims to educate and empower optometrists financially.

- Time is the most valuable asset, especially as responsibilities grow.

- Financial success in optometry is achievable with the right resources and planning.

- New graduates should be prepared for the challenges and opportunities that lie ahead.