Getting the Numbers Right

A financial model for optometrists in independent practice

Business modelling involves analysing how the various financial components of a business work together to achieve the end result. You can then test any number of scenarios to see whether your plans for the business are likely to be profitable. As with any industry, there are a unique range of factors that need to be taken into account when modelling for an optometry practice. Find out more about the benefits of business modelling for optometrists here.

ODMA and Dewings have designed a financial model specifically for optometrists in independent practice, and this is an introduction to what it can be used for. We'll demonstrate some more powerful analysis using the model in future videos.