John Scibal's guest appearances

John Scibal

Critical Issues in Eyecare: An MD/OD Conversation

Mitch Jackson

John Novak

Eric Donnenfeld

Kerry Solomon

Marc Bloomenstein

Paul Karpecki

Richard Lindstrom

Kirk Smick

Thomas Pusateri

Marguerite McDonald

Myra Cherchio

George Waring

Guy Kezirian

Jeff Walline

Dori Carlson

OwlTail

In this episode of Critical Issues in EyeCare Nate Bonilla-warfor, OD talks with John Scibal, OD, CBA about retirement planning.  About John Scibal, OD, CBA: Dr. John R. Scibal’s career is focused in both optometry business appraising and management consulting. He is fully certified by the Institute of Business Appraisers (CBA). While working as a practicing optometrist for 25 years, Dr. Scibal developed one of the largest and most successful independent optometric practices in North Carolina. A veteran lecturer throughout the U.S., Dr. Scibal is also a prolific author who has written extensively on a wide range of practice management topics. In addition, he provides consulting services for contact lens and medical software companies.   Q: When is the right time to think about retirement? A: Right now!   No matter what stage you are in your career, you can prepare for retirement.  Retirement in 20 years:  Watch the metrics! Especially net revenue Grow the practice - $800,000 Have an associate doctor early Don’t neglect optical Culture of customer service Weekly Staff meetings Consider specialty services  Retirement 3 to 5 years away: Things to watch:  Steady revenue Curb appeal Invest in technology   Time of sale  Use an unbiased consultant to limit emotional involvement Get an appraisal  What to do afterward?  Stay on or not? Stay on for no more than a year Often comes down to financial constraints of practice and selling doctor 

In this episode of Critical Issues in EyeCare Nate Bonilla-warfor, OD talks with John Scibal, OD, CBA about retirement planning.  <a href="Mcdanialandscibal.com" rel="nofollow" target="_blank">About John Scibal, OD, CBA:</a> Dr. John R. Scibal’s career is focused in both optometry business appraising and management consulting. He is fully certified by the Institute of Business Appraisers (CBA). While working as a practicing optometrist for 25 years, Dr. Scibal developed one of the largest and most successful independent optometric practices in North Carolina. A veteran lecturer throughout the U.S., Dr. Scibal is also a prolific author who has written extensively on a wide range of practice management topics. In addition, he provides consulting services for contact lens and medical software companies. Q: When is the right time to think about retirement? A: Right now! No matter what stage you are in your career, you can prepare for retirement.  Retirement in 20 years: <ul> <li>Watch the metrics! Especially net revenue</li> <li>Grow the practice - $800,000</li> <li>Have an associate doctor early</li> <li>Don’t neglect optical</li> <li>Culture of customer service</li> <li>Weekly Staff meetings</li> <li>Consider specialty services</li> </ul> Retirement 3 to 5 years away: Things to watch: <ul> <li>Steady revenue</li> <li>Curb appeal</li> <li>Invest in technology</li> </ul>  Time of sale <ul> <li>Use an unbiased consultant to limit emotional involvement</li> <li>Get an appraisal</li> </ul> What to do afterward? <ul> <li>Stay on or not?</li> <li>Stay on for no more than a year</li> <li>Often comes down to financial constraints of practice and selling doctor</li> </ul>

#28 - Prepairing for Retirement with John Scibal, OD, CBA