Buy vs Build Convo #2: purchasing a low-revenue optometric practice vs cold starting with Nathan Hayes of IDOC

<p class="MsoNormal" style="line-height: 150%;"><span style= "mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">Welcome to this episode of 20/20 Money! My guest on today’s show is Nathan Hayes with IDOC.</span> <span style= "mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"> Nathan joins me back on the show to give another perspective around the question I asked Erich on last week's episode: how should a potential buyer/future owner look at lower-revenue private practices and whether it's better to buy a "fixer upper" vs cold starting their own practice. This was another spirited conversation filled with anecdotal examples of what can go right and wrong when purchasing practices and planning for the eventual succession of a private practice. We touch on a variety of topics, ranging from financing options, how valuations are determined and when they can be more harm than good in the succession of a practice, and another reminder about how all of these decisions still emphasize the importance of having a plan and understanding the role that your practice plays in your overall financial plan.</span></p> <p class="MsoNormal" style="line-height: 150%;"><span style= "mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">  </span></p> <p class="MsoNormal" style="line-height: 150%;"><span style= "mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">As a reminder, you can get all the information discussed in today’s conversation by visiting our website at <a href= "http://www.integratedpwm.com/">integratedpwm.com</a> and clicking on the Learning Center. While there, be sure to subscribe to our monthly “planning life on purpose” newsletter that’s filled with tips and ideas to help you plan life on purpose. You can also <a href="https://integratedpwm.as.me/?appointmentType=1713824">set up a Triage conversation</a> to learn a little bit more about how we serve in the capacity of a p