If you're looking to acquire or have acquired a practice I will help you navigate and avoid costly mistakes. This can include evaluation, negotiation, and the transition into ownership and growth. What changes should you make immediately, what should wait, handling the staff dynamics of transitions and ultimately making it your own unique practice.
I subscribe to the philosophy “to each their own”…meaning what you want from your business and life is what you should have. This can be a smaller high net practice, a multi-location practice and the systems involved in it running like a finely tuned machine, or somewhere in between may be the best fit for you. If you don’t know exactly what you want, we will go through the differences and it will become clear to you. A Unique Consultancy for Your Unique Practice.
The ideal time to plan your exit strategy is 3-5 years from your exit. The next best time is right now if if you’re feeling the need to make some changes. This will include evaluating the factors that affect the valuation of your business, and what options there will be for your practice based on the numbers, geography and other factors. Additional guidance on the steps to take to maximize the outcomes and create a winning plan for you.
Dr. Monte Harrel is the founder of The OD Consultant, a uniquely affordable business consultancy dedicated to helping optometrists achieve their professional and financial goals. With a proven track record of success, Dr. Harrel draws on over 20 years of experience as a practice owner in the Tulsa metropolitan area, where he built a thriving optometry business generating $6 million in annual revenue across three locations serving different patient demographics. His journey included launching three startups, executing eight acquisitions, facilitating three mergers, as well as going through his exit and assisting others with exit strategies, providing him with unmatched expertise in the complexities of practice growth and transitions.
Dr. Harrel has also mentored and consulted with several other optometrists, helping them navigate the intricacies of practice ownership, growth, sustainability, and real estate when applicable. His personalized approach ensures his clients achieve sustainable growth, balance, and fulfillment in their careers.
In addition to consulting, Dr. Harrel is the founder of Lakeside Eyecare in Oologah, Oklahoma, a new startup where he practices part-time, enjoys serving the close-knit community, and embraces the charm of small-town life. Beyond his professional endeavors, he is an active real estate investor, a stock trading enthusiast, and a dedicated family man who loves spending time outdoors with his wife Brooke, their son, and his two daughters.
Dr. Harrel’s mission is to empower optometrists to succeed in business while maintaining an enjoyable balance in their personal lives, helping them turn their dreams into reality.
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