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FIRST ANNUAL NATIONAL EYECARE FACILITIES CONFERENCE ANNOUNCED

Cleinman Performance Partners is pleased to announce the First Annual National Eyecare Facilities Conference.  “Building the WOW” will be the first two-day conference of its kind and is designed to help ECP’s develop a facility that separates their brand from the competition. “Building the WOW” will provide a one-stop, economical resource to educate optometric practice…

Can you Handle the Pain?

Many years ago, we were engaged to perform our Strategic Review on a practice and assist with various implementation projects.  This client was financially successful, but the practice was in disarray.  The business had clearly outgrown its current organization and systems.  The client (an O.D./husband and manager/wife team) were literally “owned” by the practice.  They…

Is Your Crystal Ball in Your Closet?

So why all this about shoes?  It’s clear to this observer that what we have observed in the shoe business is repeating itself in our industry. Today, the national average for a pair of eyewear hovers just around $200 (for the clients of Cleinman Performance Partners, this number is 2x).  The average consumer owns fewer…

It Starts with Hello!

At Cleinman Performance Partners, we work on a lot of transactions.  Our Transaction Services Group covers a lot of territory.  We handle divestitures, acquisitions, mergers, employment relationships, appraisals…even divorce settlements.  Unique to our firm, our services cover the entire width and breadth of a transaction, from visioning to analytical to documentation to transition support.  Soup…

Lessons from a Hamburger

Can you imagine taking a $30 cab ride for a $5 hamburger?  I’ve made that investment…on several occasions.  I’d do it tomorrow if I could. My pilgrimage and loyalty is to an absolute mecca of fast food, In N Out Burger.   Founded in California in 1948, the 300+ location, family-owned enterprise, now has footprints in…

Invest in Your Team

[caption id="" align="alignleft" width="116"] Brad Schwartz, OD[/caption] Spend time and money on continuous staff training. This will set you apart and pay dividends in terms of staff performance. Managing a good team is like raising children - listen, but be prepared to say no and lead when you need to.     Steps: Create training…

Change the Game!

Competition!  This word often strikes fear in the minds of ECPs.  Having the perspective of a student who has studied the business side of optometry for over 40 years, I’ve seen this fear evolve.  When Pearle Vision began its expansion in the 1970s, I heard fear.  When Lenscrafters arrived on the scene in the 1980s,…

Trust the fail

I’ve been a student of failure for much of my life. As far as I can remember, I’ve failed. And, indeed, I want to keep failing…if I can. When I was but six, with parents as small town grocers and away much of the day, I held a yard sale. I gathered up a variety…

The Big Get Bigger!

As anticipated, Luxottica is going to merge with Essilor.  While so positioned, in fact, Essilor is acquiring Luxottica in a stock swap worth ±$24bb to Luxottica shareholders.  The resultant company (we’ll call them “EssiLux”) will be the dominant player worldwide in both the lens, frame, retail and online eyewear business.  This announcement is big news…

Throw away those Progressives?

Swiss drug maker Novartis AG (owner of Alcon), whose $60bb in annual revenue makes them the largest drug company in the world, said on December 20th that it had reached a definitive agreement to acquire Fort Worth, Texas-based Encore Vision.  Encore Vision has been focused on developing a treatment for presbyopia.  That’s right, a medical…

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