From the Army to Optometry - Derek Black - Optometrists Building Empires - Episode #005

Get ready to take your optometry practice to the next level with powerful insights about building partnerships, scaling your business, and navigating the challenges of private practice. Who better to share this expert advice than the accomplished Dr. Derek Black! With his extensive experience in the military and private practice, Derek has navigated the complexities of optometry to build a thriving business. In this episode, you'll learn tips on fostering meaningful relationships, managing staff efficiently, and overcoming unforeseen obstacles. Get motivated to develop a practice that not only excels in patient care but also thrives as a business. 

Takeaways:

• Building and maintaining strong relationships is crucial for business growth and employee satisfaction. Networking and creating genuine connections can be vital for finding the right team members and partners.
• Being honest and transparent with your employees about policies and expectations, while also offering competitive benefits like healthcare reimbursements and 401k plans, can build a loyal and motivated team.
• Significant challenges come with scaling a business, such as varying demographics and billing issues. Learning financial management and oversight to navigate these obstacles is crucial.
• Utilizing social media groups and professional networks can be invaluable for troubleshooting business challenges and finding mentorship or advice from peers in the industry.
• Operating multiple clinics with partners allows for a more flexible schedule, which can lead to a better work-life balance and avoid burnout from managing a single practice on your own.
• Incorporating full-scope optometry services, such as dry eye treatments and myopia control management, can add significant revenue streams to your practice.
• While it's essential to trust your team and partners, implementing systems to regularly verify and oversee operations is critical to preventing errors and financial issues.

Quote of the Show:

• “You treat the patient right, and then everything else falls into place” - Derek Black

Links:

• LinkedIn: https://www.linkedin.com/in/derekblack1/ 
• Company website: https://www.lakelaniereyecare.com/
• Facebook:  https://www.facebook.com/derek.black.7370

Ways to Tune In:

• Spotify: https://open.spotify.com/show/5w1H9BBwRXvBSSkexePYxG 
• Apple Podcasts: https://podcasts.apple.com/us/podcast/optometrists-building-empires/id1762685070 
• Amazon Music: https://music.amazon.com/podcasts/689a039b-54ce-4f04-b641-66d8640d93d0 
• Podchaser: https://www.podchaser.com/podcasts/optometrists-building-empires-5812208 
• YouTube: https://youtu.be/4aD87v1kqJo