Running a successful optical practice - Part 8

Rightly or wrongly, the fact is that 'money makes the world go round' and your ability to manage the financial side of your practice is critical to its ongoing success or its eventual demise. Richard Peck discusses financial management

To view PDFs of the orginal pages please click on these links: Optician 260805 p24   Optician 260805 p25   Optician 260805 p26   Optician 260805 p27   Optician 260805 p28  

The best businesses I know are run by people who are innovative, entrepreneurial and also have a keen understanding of how to look after their money and how to make it work for them with as little risk to them and their businesses as possible.

It is as crucial to understand both when to invest and when to save, as how to invest and how to save. Sadly, this ability is not always one's strength. However, this does not present a problem, it just means that you need to find someone to help you with it.