View from AEL: Take Stock

The expression “take stock” is a well-worn idiom meaning to consider first and act later. But it’s quite remarkable how many independent optical practices don’t set aside the time to consider how decisions on stock control can affect the profitability of their practice. Successful retail incorporates how improved inventory management can impact on key areas such as Profitability; Practice Valuation; …

View from AEL: Take Stock

The expression “take stock” is a well-worn idiom meaning to consider first and act later. But it’s quite remarkable how many businesses don’t set aside the time to consider how decisions on stock control can affect the profitability and cash flow. Successful retail incorporates a whole variety of operating issues relating to the topic of stock. You might like to …

View from AEL: Jan 2018

The month of January should be a fresh start to a brand new year. A chance for practice owners to embrace and implement the changes needed to both compete and flourish. However, for many, the wave of optimism is dampened by the looming spectre of tax bills where payment once seemed so far away. There is no escape from having to …

View from AEL: Sept 2017

Las Vegas. Fortunes made and lost on the spin of a roulette wheel. Which brings me to one of the most frequently asked questions by practice owners; how much of a gamble is claiming overseas travel expenses as a tax deduction? Vision Expo West (VEW) is taking place in Las Vegas as I type so it seems topical to look at …

Rocket Fuel for Practice Owners #2

Marc Bennett has spent over 25 years analysing and advising on the finances of some 1,000 opticians’ practices around the UK. He is an expert in the areas of practice valuation, maximising VAT recovery and tax efficient Exit strategies. In the second of a 5 part series he’ll be looking at increasing profitability through a practice refurbishment and financing the …

Rocket Fuel for Practice Owners #1

Marc Bennett has spent over 25 years analysing and advising on the finances of some 1,000 opticians’ practices around the UK. He is an expert in the areas of practice valuation, maximising VAT recovery and tax efficient Exit strategies. In the first of a 5 part series he’ll be looking at increasing the profitability of a practice by reducing low-return …