20/20 MONEY: The Business of Optometry
Episodes
Understanding Different Types of Profit Sharing Plans
07 Sep 2020
Contributed by Lukas
Understanding the different types of profit-sharing plans that exist can help an optometrist determine which type of plan is going to be best for thei...
How to Pay Less in Taxes the Year You Sell Your Practice with Karl Willman
31 Aug 2020
Contributed by Lukas
Optometrists that own their own practice are always looking for strategic ways to reduce their tax liability. The tax bill that's generated when an op...
A Powerful 401(k) Option You've Probably Never Heard Of
24 Aug 2020
Contributed by Lukas
Utilizing a retirement plan like a 401(k) profit sharing plan is a great tool to help optometrists save money for retirement. It's also a way for them...
How to Use Your Website to Drive New Patients to Your Practice with Dr. Rich Zimbalist
17 Aug 2020
Contributed by Lukas
Having a website that stands out, drives new patient growth, and creates a great patient experience is a tall order for any optometrist that owns thei...
Five Reasons Why I Don't Like SIMPLE IRAs for Optometry Practice Owners
10 Aug 2020
Contributed by Lukas
Choosing a retirement plan for your optometry practice is an important decision and it's one of those processes that can often be put on the back burn...
Three CARES Strategies to Revisit
03 Aug 2020
Contributed by Lukas
As optometrists continue to deal with the personal and professional financial implications of COVID-19, the CARES Act has been the focal point for tho...
Proactive, Mid-Year Tax Planning Strategies to Review
27 Jul 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! On today's episode, I discuss 7 proactive strategies that you can consider as you evaluate your fin...
7 Items to Review on Your Tax Return
20 Jul 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! On this episode, I highlight seven line items on your tax return that optometrists should review to...
How to Understand Practice Cash Flow to Help Grow Your Net Worth with Nathan Hayes
11 Jul 2020
Contributed by Lukas
On this episode of 20/20 Money, Nathan Hayes from IDOC and I discuss how optometrists should be thinking about cash flow in their practice. We discuss...
Profit First with Dr. Mick Kling, OD
06 Jul 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Mick Kling, OD. Mick has been on the show in the past and he joins ...
How Two ODs ARE CRUSHING Their Student Loan Debt: An Interview with Drs. Zac & Joelle Holland
29 Jun 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guests on today's show are Drs. Zac and Joelle Holland. Joelle and Zac have been listeners of th...
Getting a Fair Deal: An Optometrist's Guide to Savvy Real Estate Leases with Colin Carr
22 Jun 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Colin Carr. Colin is the founder and CEO of CARR, a nationwide commerci...
How Rethinking Your Patient Interaction Can Influence Change and Improve Your Practice with Dr. Steve Vargo, OD
15 Jun 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Steve Vargo, OD. Steve has had a storied career in optometry, start...
Navigating a Private Equity Practice Exit (Part 2): A Conversation with Jason Preator
08 Jun 2020
Contributed by Lukas
This is part 2 of my conversation with Jason Preator. Please be sure to check out part 1 from last week! As a reminder, you can get all the informat...
Navigating a Private Equity Practice Exit: A Conversation with Jason Preator
01 Jun 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Jason Preator. Jason is one of the leading resources and advisors in th...
The Benefits and Strategy to Adding Dry Eye Tx to Your Practice with Dr. Damon Dierker, OD
26 May 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Damon Dierker. Damon already has a very storied career in optometry...
Managing Your Schedule to Profitability with Dr. Gina Wesley, OD
18 May 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Gina Wesley. Gina joins the show to discuss various ways in which s...
Thinking about practice valuations in the midst of COVID19 with Matt Howard
11 May 2020
Contributed by Lukas
Welcome to another episode of 20/20 Money. My guest on today's show is Matt Howard. Matt is a CPA and CVA, which is a Certified Valuations Analyst, wi...
The How and Why of Having an Accountability Partner as an Optometrist with Drs. Jennifer Stewart and Jeremy Ciano
04 May 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guests on today's show are Drs. Jeremy Ciano and Jennifer Stewart. Longtime listeners of the sho...
Pursuing a Better Investment Experience During Volatile Markets with Dave Goetsch
27 Apr 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dave Goetsch. Dave is the Executive Producer and writer for the hit TV ...
PPP Update & Emergency CARES Act Strategy
20 Apr 2020
Contributed by Lukas
On today's episode, I start out with an update on the Paycheck Protection Program and what we've learned through the first round of applications as we...
Navigating and Planning for the Optometry Job Market Post-COVID-19 with Dr. Matt Geller, OD
13 Apr 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Matt Geller. Matt joins me back on the show today to talk about a v...
The CARES Act & Optometry: A Replay of my Facebook Live Q&A Session
06 Apr 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! Today's show is a unique one in many ways, starting out with a longer-than-normal introduction. Thi...
Telehealth, Fear Setting, and Pivoting: How ODs Can Reframe and Refocus ThroughCOVID 19 with Dr. Justin Manning, MPH, OD, FAAO
30 Mar 2020
Contributed by Lukas
Hey there 20/20 Community. Welcome to this episode of 20/20 Money! My guest on today's show is Dr. Justin Manning. I know ODs around the country are g...
Crisis Management Tips During COVID-19 Closures
23 Mar 2020
Contributed by Lukas
Welcome to this episode of 20/20 Money! Every practice owner around the country is trying to figure out which way gravity is working right now and fig...
Increasing Annual Supply Contact Lens Sales (and Profitability) In Your Practice with Ryan Gustus, OD
16 Mar 2020
Contributed by Lukas
Welcome back 20/20 Money Community to another episode. Well, unconventional times call for unconventional strategies. Some of you may have financial-r...
What to do During Market Selloffs
09 Mar 2020
Contributed by Lukas
On this episode of 20/20 Money, I deviate a bit from the traditional topics of the show and talk about what investors should be thinking about and doi...
How to Think About Vision Plans and Profitability in Your Practice with Drs. Jennifer Stewart & Jeremy Ciano
02 Mar 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guests on today's show are Drs. Jennifer Stewart and Jeremy Ciano. Longtime listeners will know ...
How Much Should You Pay Yourself?
24 Feb 2020
Contributed by Lukas
As the owner of a private practice, a question that you will inevitably ask yourself is "How much should I pay myself as the owner of my practice?" Th...
Three Ratios ODs Should Know From Their Balance Sheet
17 Feb 2020
Contributed by Lukas
In this episode of 20/20 Money, I talk about three important ratios that optometrists should understand using their balance sheet. There are three big...
Being an Optometrist and Working as a Medical Science Liaison with Nysha Blender, OD
10 Feb 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Nysha Blender. Nysha joins me on the show to talk about her journey...
What Every Optometrist Should Know About Life Insurance
03 Feb 2020
Contributed by Lukas
Life insurance for optometrists is something that probably isn't the topic of conversation when ODs get together and chat, but it's an important part ...
Financing Considerations when Buying or Selling a Practice with Dan Zone
27 Jan 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dan Zone. Dan's a VP and Senior Relationship Manager with Wells Fargo C...
Selling Your Practice as a Vision Source Partner Office with Dr. Mick Kling, OD
20 Jan 2020
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Mick Kling, OD. Mick wears many different hats in the optometry ...
How to Distribute Cash Flow Out of Your Practice
13 Jan 2020
Contributed by Lukas
As the owner of an optometry practice, one of the benefits is being able to participate in not only the normal "earnings" that any other OD would make...
5 Financial Steps Optometrists Should Take in the Beginning of the Year
06 Jan 2020
Contributed by Lukas
It's the start of a new year—the year of optometry!! Let's start out 2020 by talking about 5 financial topics that optometrists should be reviewing ...
Personal Budgeting Tips and Tools for Optometrists and Private Practice Owners
30 Dec 2019
Contributed by Lukas
Hello, and welcome to the last episode in 2019 of 20/20 Money! In this final episode of the year, I spend time talking about how important it is to ta...
My Top 10 Books Optometrists Should Read in 2020 to Build a Life They Love
23 Dec 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! On this episode I discuss my top 10 books that I believe ODs should read in 2020 to help them get c...
Increasing Profitability Through Staffing Flexibility with Dr. Gina Wesley, OD
16 Dec 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Gina Wesley. Dr. Wesley owns and practices at Complete Eye Care ...
Year-End Tax and Financial Planning Strategies
09 Dec 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! As we close in on the end of the year, it's time to begin thinking proactively around different str...
Starting a Practice Cold While a 4th Year: The Success Story of Dr. Hannah Cho
02 Dec 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Hannah Cho, OD. Hannah joins the show today to talk about the journ...
Contemplating a Private Equity Funded Exit: The Story of Dr. Ken Krivacic, OD
25 Nov 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Ken Krivacic. I believe my conversation with Ken will resonate with...
Controlling Your Income: The Importance of Fee Schedules on Profitability
18 Nov 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Jeremy Ciano, owner of RevolutionEyes in Carmel, IN. Jeremy has bee...
Health Insurance Options for Optometrists
12 Nov 2019
Contributed by Lukas
It's that time of year again: open enrollment. While everyone is thinking about the holiday season that is right around the corner, small business own...
Top 10 (Financial) Tips for Optometrists: On location at Univ. of Houston College of Optometry
04 Nov 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! Today's show takes on a bit of an unorthodox format as it's actually the audio from a recent pre...
Updates, Clarifications and Anchoring Bias
28 Oct 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! In today's episode, I spend the first part clarifying and expounding upon two previous shows and to...
Celebrating Episode #50 of 20/20 Money with Dr. Andrea Cmejla, OD
21 Oct 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is none other than my wife Dr. Andrea Cmejla. As I celebrate 50 episodes o...
A New Mindset for Patient Engagement & Leadership with Dr. Justin Manning, OD, FAAO, MPH: Part 2
15 Oct 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! This is part 2 of my conversation with Dr. Justin Manning. In this continued conversation from VEW ...
A New Mindset and Framework for Patient Engagement & Leadership with Justin Manning
07 Oct 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! This is an extra-special episode of the show, because it's being released exactly one year to the d...
Three Taxes to be Aware of When You Sell Your Practice
30 Sep 2019
Contributed by Lukas
On this episode of 20/20 Money, I keep the theme going of "Selling in September" and talk about three of the biggest taxes to be aware of when you sel...
From Beginning to End: The Timeline of Selling Your Practice with Erik Ferjentsik (Part 2)
23 Sep 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Erik Ferjentsik, and this is actually Part 2 of my conversation with...
From Beginning to End: The Timeline of Selling Your Practice with Erik Ferjentsik (Part I)
16 Sep 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Erik Ferjentsik. Erik is the founder and principal of Visionary Prac...
Exit Stage Left: Prepping for the Exit from Your Practice with JT Metzger
09 Sep 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! As a quick reminder, if you're going to be attending Vision West in Las Vegas in a couple of wee...
Adding an Associate: Understanding Marginal Chair Cost to Leverage Your Practice
02 Sep 2019
Contributed by Lukas
Hello, and welcome to episode 48 of 20/20 Money! Even though this episode is coming out on the first Monday in September, it is Labor Day and therefor...
The ABC's and 123's of Disability Insurance for ODs
26 Aug 2019
Contributed by Lukas
On this episode of 20/20 Money, it's all about the ABC's and 123's of disability insurance for optometrists. We'll discuss what disability insurance i...
Should You Upgrade Your Retirement Plan From a SIMPLE IRA to a 401(k)?
19 Aug 2019
Contributed by Lukas
Welcome to this episode of 20/20 Money! Today's show is all about retirement plans and specifically whether (and when) an optometrist might consider s...
Getting Down with Dailies: The How and Why of Increasing Daily CL Rx in Your Practice
12 Aug 2019
Contributed by Lukas
Welcome everybody! Welcome to the 40th episode of 20/20 Money. My guest on today's show is Dr. Jennifer Stewart. Jennifer is an optometrist and partne...
1031's and DST's: Tax and Investment Considerations When Selling Commercial Real Estate
05 Aug 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Nina O'Neal. Nina is a partner and investment advisor with Archer Inves...
Reality vs Entertainment: Understanding Market Declines and Financial Pornography
29 Jul 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Jeff Smith. Jeff is a long time friend of mine and works as what is kno...
Buying and Growing a Successful Rural Optometry Practice: The Story of Dr. Matt Mitchell, OD
22 Jul 2019
Contributed by Lukas
Welcome back to another episode of 20/20 Money. My guest on today's show is Dr. Matt Mitchell. Dr. Mitchell owns Bluffton Family Eye Care, a privat...
Prioritizing Your Long-Term Savings Vehicles
15 Jul 2019
Contributed by Lukas
Welcome to this episode of 20/20 Money! In today's episode I talk about the different retirement savings vehicles that ODs should consider given the m...
The Path to Multidisciplinary Success—The Story of Dr. Jennifer Stewart, OD
08 Jul 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Jennifer Stewart. Jennifer is a partner at Norwalk Eye Care, a...
Why Don't Young ODs Want to Buy Practices??
01 Jul 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Nathan Hayes. Nathan is the Practice Finance Consultant at IDOC and...
Making the Most Out of Optometry Conferences
24 Jun 2019
Contributed by Lukas
Today's show talks about how you can make the most out of your time when attending optometry conferences. As clinicians, your ability to produce re...
Planning Your Career After Graduation w/ the co-Founders of NewGradOptometry.com
17 Jun 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show are Drs. Matt Geller and Antonio Chirumbulo.Matt & Antonio were guests...
Four Levers in Retirement
10 Jun 2019
Contributed by Lukas
Welcome to another episode of 20/20 Money! Today will be another solo episode and we'll be talking about the basic four levers that you can pull when ...
Managing a 4-location Corporate-Affiliated Practice and a Medical Billing Company: The Career of Dr. Eric Botts, OD
03 Jun 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Eric Botts. Eric is a practicing optometrist in Macomb, IL and w...
The Emotional Connection to Cash
27 May 2019
Contributed by Lukas
In today's episode, I share three different events that have transpired over the last couple of weeks that have gotten me to think about the emotional...
The Impact of Mastermind Groups: The Story of Dr. Kent Godfrey
20 May 2019
Contributed by Lukas
Welcome to this episode of 20/20 Money! My guest on today's show is Dr. Kent Godfrey. Kent owns a multi-location practice in and around the Denver, CO...
A Tale of Two Roles: The Career Journey of Britt Gustafson, OD
13 May 2019
Contributed by Lukas
Hello, and welcome to this episode of 20/20 Money! My guest on today's show is Dr. Britt Gustafson. Britt is a practicing optometrist in Eden Prair...
Eye Moonlight as a Podcast Host: The Careers of Drs. Roya Habibi & Jimmy Deom
06 May 2019
Contributed by Lukas
Welcome to this episode of 20/20 Money! My guest on today's show are Drs. Jimmy Deom and Roya Habibi. This conversation is a great one because, in ...
Understanding the Financials of Your Practice to Make Smart Business Decisions
29 Apr 2019
Contributed by Lukas
On the show today is Amber Banks, co-founder of MW Banks Consulting. What's awesome and unique about Amber is that she has an incredible depth of know...
Why You Need a Professional Team
22 Apr 2019
Contributed by Lukas
Welcome everybody, to another episode of 20/20 Money! On the show today I have Dr. John Ormando with Uppercut Consulting. John is co-owner of a succes...
Be Proactive with Tax Planning
15 Apr 2019
Contributed by Lukas
In this week's show, it's all about taxes! You'll learn how our federal tax system works, the difference between someone's "top tax bracket" and what ...
Managing the Stress of Practice Ownership (and Life)
08 Apr 2019
Contributed by Lukas
Welcome everybody to the first episode of the newly renamed/rebranded podcast "20/20 Money!" Since inception, this show has been called The Dose as it...
Understanding Private Equity in Optometric Practice Sales with Michael Pote, CEO of The Growth Cooperative
01 Apr 2019
Contributed by Lukas
This is part two of my conversation with Michael Pote of The Growth Cooperative. In this conversation we talk about the role that private equity has p...
So You Want to Sell Your Practice…
25 Mar 2019
Contributed by Lukas
We've been on a roll lately in having some of our past guests share more of their knowledge and today is no different. This episode is part one of ...
Making the Most of Your Practice's Retirement Plan
18 Mar 2019
Contributed by Lukas
We're back with another episode of The Dose. Today I have another returning guest, Josh Kegley with Retirement Plan Consultants. You may remember Josh...
Income Allocation: Saving vs Paying Down Debt
12 Mar 2019
Contributed by Lukas
In this episode we talk about one of the most common questions I hear from optometrists: should I pay down debt or should I be saving for retirement? ...
Health Insurance: COBRA vs Healthcare.gov
04 Mar 2019
Contributed by Lukas
Today's show is another solo episode that takes you on my personal journey as I evaluate healthcare options that my family is considering now that we ...
"Straight cash, homie!"
25 Feb 2019
Contributed by Lukas
Today is a shorter, solo episode and I talk all things cash. This may seem like a boring topic because cash as an asset class really hasn't mattered m...
Cash Balance Plans with Kevin Wittmeyer, Manager at Slattery & Holman, P.C.
18 Feb 2019
Contributed by Lukas
Welcome to this Episode of The Dose podcast. My guest on today's show is Kevin Wittmeyer, Manager at Slattery & Holman, P.C. here in Carmel, Indiana. ...
Financial Decision-Making for Optometrists with Dr. Jeremy Ciano
11 Feb 2019
Contributed by Lukas
Welcome to another episode of The Dose. In this episode, I'm joined again by Dr. Jeremy Ciano, an optometrist located in Carmel, IN (where my office i...
Donor Advised Funds with Kevin Wittmeyer, Manager at Slattery & Holman, P.C.
04 Feb 2019
Contributed by Lukas
Welcome to this Episode of The Dose podcast. My guest on today's show is Kevin Wittmeyer, Manager at Slattery & Holman, P.C. here in Carmel, Indiana. ...
Inside the Mindset and Methods of a Multi-Million dollar, single OD practice w/ Dr. Jeremy Ciano
21 Jan 2019
Contributed by Lukas
Welcome to another episode of The Dose. In this episode, I'm joined by Dr. Jeremy Ciano, an optometrist located in Carmel, IN (where my office is loca...
Dispelling Myths about Corporate Affiliated Optometry at The Energeyes National Meeting, St. Louis, MO
14 Jan 2019
Contributed by Lukas
A special mini-episode with segments from the Energeyes National Meeting in St. Louis. The Energeyes National Meeting is the annual National meeting f...
Goal Setting: Beginning the Year on a Curve Ball
07 Jan 2019
Contributed by Lukas
Welcome to this episode of The Dose podcast and Happy 2019! I hope you all had a wonderful and happy New Year celebration, and in keeping with the com...
Intro to Growth Cooperative, Doing away with insurance
17 Dec 2018
Contributed by Lukas
Welcome to this Episode of The Dose podcast. My guest on today's show is Michael Pote. Michael and I met a little over 4 years ago through a national ...
Retirement Plan Options for Practice Owners with Josh Kegley
03 Dec 2018
Contributed by Lukas
Welcome to this episode of The Dose podcast. My guest on today's show is Josh Kegley. Josh works exclusively in the retirement planning space and pr...
Marketing & Branding with Matt McNairy of Ground Floor Creative
19 Nov 2018
Contributed by Lukas
Welcome to this episode of The Dose podcast. My guest on today's show is Matt McNairy and we will be talking any and all things marketing and branding...
Everything you needed to know about financing your practice with Dan Zone
05 Nov 2018
Contributed by Lukas
In this episode of The Dose Adam talks with Dan Zone from Wells Fargo about the many aspects of financing that medical professionals will experience t...
Estate Planning with Brad Cohen
29 Oct 2018
Contributed by Lukas
On this episode, I have a great conversation with Brad Cohen. Brad is an estate and business planning attorney with Cohen, Garelick, and Glazier law f...
The Dose Podcast - Episode 3 - Drs. Antonio Chirumbolo and Matt Gellar
19 Oct 2018
Contributed by Lukas
On this first interview-format episode of The Dose, I have a great conversation with Drs. Antonio Chirumbolo and Matt Gellar of NewGradOptometrey and ...
Undressing Financial Services
15 Oct 2018
Contributed by Lukas
Welcome to the first full episode of The Dose! For the first episode, the timing of when this was recorded coincided to an article that came out in th...
Welcome to The Dose!
07 Oct 2018
Contributed by Lukas
Welcome to the first episode of The Dose! With this being the first episode, you'll find that this one is pretty concise. My intention with this show ...