The decision to purchase your own practice is both an exciting, and daunting one. You will be faced with major decisions like deciding on location, building size, fit out requirements, products and equipment, IT and sales necessities, signage and patient access. Then there are the financial, legal, marketing and human resources side of the business to consider. And do you start a practice from scratch, or to buy an existing practice?
Conversely if you are already a practice owner and thinking of selling, you too will have a million questions bubbling up. Is it the right time to sell? How will I find a buyer? How do I value my business? What are my obligations to the new owners and my patients?
You can also use our Practice Standards Audit Tool and our optometrist competency standards as a checklist and reference on best practice patient care and business processes.
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In the spirit of reconciliation Optometry Australia acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
