Profit First Cashflow for Optometry Practices with Mick Kling

Oct 30, 2019
2 min read
🔥1.4k views

Managing your practice's finances can be stressful. But it doesn't have to be! Join CovalentCareers and Dr. Mick Kling, OD on November 11 to learn about Corporate Structure, Tax, and Debt in an Optometry Practice. RSVP below!

Profit First Cashflow for Optometry Practices with Mick Kling

Join host Dr. Matt Geller, OD and Dr. Michael (Mick) Kling, OD—The Profitable Doctor—for a four-episode video series on profit first cashflow. Mick founded his business coaching company, Impact Leadership, in 2011 after getting fed up with "sleepless nights, a strained bank account and a growing resentment toward my decision to own my own practice." That experience prompted Mick to develop a clear plan of action for profitability. He now helps other eye doctors find financial freedom through courses and workshops.

Episode 2 will cover corporate tax structure, tax, and debt and will be held on November 11. RSVP for the video course below, and don't forget to ask Mick your questions during the live event!

Ep. 1: Five Essential Financial Building Blocks

Click here to read the article and watch the video!

You will learn:

  • How to create a simple budget
  • How to monitor finances like a pro:
    • Profit and loss statement
    • Balance sheets
    • Cash flow statements
  • How to uncover how your cash flows
  • Which KPIs matter for your practice
  • How to prepare for contingencies
  • What the profit first model entails

Ep. 2: Corporate Structure, Tax, and Debt in an Optometry Practice

November 11th, 10:30am PT — RSVP

We will cover:

  • Comparing C corp, S corp, and LLC
  • Debt instruments and their uses (Line of credit, loan, seed investment, PE)
  • Tax consequences throughout the year

Ep. 3: Profit First Cashflow Model for Optometry Practices

TBD — RSVP

We will cover:

  • Intro to Profit First
  • The 4 core principles of Profit First
  • Bank account buckets and set up
  • Compensating yourself
  • Putting it in practice

Ep. 4: How To Execute a Cash Flow Strategy in your Optometry Practice

TBD — RSVP

We will cover:

  • The qualities of individuals who succeed with cash flow strategies
  • The qualities of individuals who do not succeed
  • The steps to make a change right now

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covalentcareers
About Matt Geller, OD

Dr. Matt Geller is an entrepreneur with a track record of developing successful online platforms to solve problems in the healthcare space. Matt is the co-founder and CEO of CovalentCareers and NewGradOptometry.


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