Join host Dr. Matt Geller, OD and Dr. Michael (Mick) Kling, OD—The Profitable Doctor—for a four-episode video series on profit first cashflow. Mick founded his business coaching company, Impact Leadership, in 2011 after getting fed up with "sleepless nights, a strained bank account and a growing resentment toward my decision to own my own practice." That experience prompted Mick to develop a clear plan of action for profitability. He now helps other eye doctors find financial freedom through courses and workshops.
Episode 2 will cover corporate tax structure, tax, and debt and will be held on November 11. RSVP for the video course below, and don't forget to ask Mick your questions during the live event!
Ep. 1: Five Essential Financial Building Blocks
Click here to read the article and watch the video!
You will learn:
- How to create a simple budget
- How to monitor finances like a pro:
- Profit and loss statement
- Balance sheets
- Cash flow statements
- How to uncover how your cash flows
- Which KPIs matter for your practice
- How to prepare for contingencies
- What the profit first model entails
Ep. 2: Corporate Structure, Tax, and Debt in an Optometry Practice
November 11th, 10:30am PT — RSVP
We will cover:
- Comparing C corp, S corp, and LLC
- Debt instruments and their uses (Line of credit, loan, seed investment, PE)
- Tax consequences throughout the year
Ep. 3: Profit First Cashflow Model for Optometry Practices
TBD — RSVP
We will cover:
- Intro to Profit First
- The 4 core principles of Profit First
- Bank account buckets and set up
- Compensating yourself
- Putting it in practice
Ep. 4: How To Execute a Cash Flow Strategy in your Optometry Practice
TBD — RSVP
We will cover:
- The qualities of individuals who succeed with cash flow strategies
- The qualities of individuals who do not succeed
- The steps to make a change right now
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RSVP for all Four Episodes of Profit First Cashflow
RSVP to attend the live episodes and receive links that will allow you to watch anytime. Everyone who attends will be able to ask questions during the live event!
CovalentCareers | Optometry Live Episodes
Ep. 1 CovalentCareers | Optometry Live: 10 Tips for Optometry Staff Management with Dr. Jennifer Chinn, OD
Ep. 2 CovalentCareers | Optometry Live: Ask an Attorney about Optometry Employment Contracts
