In this episode, we talk through how optometric practice owners can think about debt more responsibly and avoid letting borrowed money quietly eat away at practice cash flow. Adam explains why a healthy P&L does not always mean there is money available in the bank, and why the statement of cash flow often reveals how much of a practice's earnings are being consumed by financing activities. We discuss how debt can be used to accelerate growth, but also how it can create pressure when the practice takes on more than its earnings can reasonably support. We also explore how to evaluate new equipment purchases before signing the check. Rather than buying based on excitement, peer pressure, a conference-floor sales pitch, or the promise of a tax deduction, we talk about using your own patient data, referral patterns, and a clear business plan to determine whether the investment actually makes sense for your practice. Chad shares the practical tension many ODs feel between wanting to provide the best possible patient care and needing to protect the financial health of the business. From debt service coverage to cash flow, taxes, profitability, equipment decisions, and long-term ownership strategy, this conversation gives optometric practice owners practical ways to "count the cost" before taking on new debt. We also discuss why different seasons of practice ownership may call for different financial strategies, and why a strong team of advisors can help owners make better decisions for the practice, their team, their patients, and their future. Have a question for us to address in a future episode? Submit it here! Resources: Learn more about Partners in Profit Download the Practice Owner's Financial Toolkit 20/20 Money Ultimate Financial Success Masterclass OD Mastermind Interest Form Check out Adam's new book: How to Buy an Optometry Practice Subscribe on Apple Podcasts: https://shorturl.at/Fq1Ro Subscribe on Spotify: https://shorturl.at/jCtsk

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“What did the council decide on item 42?” — answered with the speaker and the moment.