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How should associate optometrists prepare to become practice owners? When should practice owners bring on associates and co-owners into their optometry practice? How do you evaluate a potential partner?

Dr. Chad Fleming, OD, FAAO joins Evon on the show to talk about those questions and more. Dr. Fleming brings 20 years experience as an OD and practice owner to the conversation. He and Evon dive into contract negotiations, deciding whether to become a practice owner or build a career as an associate, how to prepare for life as an owner, when it makes sense to bring on associates, and how to evaluate a potential co-owner - all from the perspective of both the associate and the current owner.

It's a jam-packed episode, with so much to learn for both current practice owners as associates. Dr. Fleming brings so much wisdom to these topics and super thoughtful answers to the questions.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected].

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources Mentioned in the Show:

• Review of Optometric Business - Practice Ownership: Is it as Good as You Thought It Would Be? 
• Wichita Optometry
• OptometryCEO/Partners in Profit
• Chad's Email: [email protected]
• Scaling Up: How a Few Companies Make It...and Why the Rest Don't by Verne Harnish
• Blog: Why Optometric Practice Owners Should Pay Themselves a Market-Based Wage
• Blog: Should You Own an Optometry Practice or Stay an Associate? There's Freedom Down Both Roads

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.