8 Red Flags to Watch Out for When Buying a Practice

By Staff
Friday, May 7, 2021 12:01 AM Practice ownership is the dream of many optometrists. Buying an existing practice can be easier and more doable than starting a practice cold. Buying a practice also can be a great way to expand a practice you already own. But before making the big decision to sign a purchase agreement and take over a practice, it is important to make sure there are no indications that you are getting a lemon.

Independent Retailers Must Keep Up ‘Shop Small’ Message as Their Best Hope for Post-Covid Recovery

By Staff
Thursday, May 6, 2021 12:01 AM Because the crisis was so long, consumer behavior shifted. [Consumers] turned to Amazon to deliver everything to their front door. As a result, we drained an enormous amount of capital out of our local economies and shifted it to Jeff Bezos and Seattle. For small businesses to recover, that shift has to come back in some part to small local businesses.

CDC Says Many Americans Can Now Go Outside Without a Mask

By Staff
Wednesday, May 5, 2021 12:01 AM It’s the return of freedom. It’s the return of us being able to do normal activities again. We’re not there yet, but we’re on the exit ramp. And that’s a beautiful thing.

Biden’s Labor Secretary Says Gig Workers Should be Considered Employees

By Staff
Tuesday, May 4, 2021 12:01 AM We are looking at it [and] in a lot of cases gig workers should be classified as employees ... I think it has to be consistent across the board … These companies are making profits and revenue and I’m not (going to) begrudge anyone for that because that’s what we are about in America ... but we also want to make sure that success trickles down to the worker.

These Stores That Opened Amid the Pandemic Can Hint at Where Retail Is Going

By Staff
Monday, May 3, 2021 12:01 AM The landlords and tenants are on a more even playing field now. You're working with them as opposed to working against each other, which, in the past, sometimes those relationships [were] a little challenging.

Moody's—U.S. Retail and Apparel Sector Changed to Positive as Uncertainty Abates and Business Conditions Improve

By Staff
Friday, April 30, 2021 12:01 AM As pandemic pressures ease and the cadence of vaccinations accelerates, we expect the retail sector to experience broad-based improvement. Operating profit will grow a robust 10 percent to 12 percent in 2021, and hard-hit sectors such as apparel, department stores, and off-price will see the most pronounced operating profit growth over the next 12 to 18 months. That said, our positive outlook could be short-lived given the lapping of weak performance in the first half of last year.

Amazon Salon Hints at the E-Commerce Giant’s B-to-B Ambitions

By Staff
Thursday, April 29, 2021 12:01 AM If they get this right, which I think they probably will, it will be a game-changer for the industry.

How Buyers Can Find Value in Small Practices

By Staff
Wednesday, April 28, 2021 12:01 AM Accomplishing a small practice acquisition and rollup requires management skills and support from a consultant and attorney with experience in this type of transaction. There are some unique details of this structure that must be handled correctly to make the transition work properly. Do not short the consulting piece. Save your effort for the rollup, focusing on the transition, integration and operation of a combined larger entity.

Michigan Became National Hotspot for COVID-19 Due to Variants and Lack of Vigilance

By Staff
Tuesday, April 27, 2021 12:01 AM I think the people on the outside of our situation don’t understand the depths of what we’re going through, how long we’ve been going through it here in the hospital and that COVID’s not really ever left.

GOP Senators Open to Corporate Tax Increase

By Staff
Monday, April 26, 2021 12:01 AM I believe everybody should pay their fair share. I come from the world of small business. I scratch my head when big corporations don't pay their fair share of taxes.

COVID + Soaring Screen Time = Digital Eye Strain

By Mary Kane
Sunday, April 25, 2021 8:15 AM Do you ever get the feeling that you’re spending too much time on your phone? It’s no secret that people have been glued to their electronic devices during the pandemic and our reliance on our screens in general—including laptops, iPads and TVs—is off the charts. According to new data from Eyesafe, a leader in screen time and blue light solutions, and LG Display, a cutting edge display company, people have been spending 13+ hours per day on screens since COVID-19 emerged—up 30 percent from last year. As a result, eye strain has become the #1 pain point for device users, with 59 percent of people experiencing symptoms of digital eye strain (DES).

What Does ‘Modern’ Mean Now..?

By Marge Axelrad
Sunday, April 25, 2021 8:10 AM I wish it didn’t take a pandemic for this to be true, but consumers and patients have embraced a new appreciation for all things “modern.” What is “modern” exactly? Well, characteristics would include descriptions such as “new,” “contemporary,” “recent,” “up to the minute,” “innovative” or “technology oriented.”

As Healthcare Consumerization Gains Steam, Organizations Must Balance Convenient Service and Quality Care

By Staff
Friday, April 23, 2021 12:01 AM I love the local bookstore, and I have a relationship with them. I trust that they’re going to recommend great books for me. But to be honest, I’m just going to go the easy route of ‘buy it now’ and trust whatever Amazon tells me. And, yes, Amazon has to meet me halfway and be a little bit personalized with the recommendations, but convenience is going to overcome quality. I struggle with that sometimes with what we design for patients.

People Are Canceling Video Streaming Subscriptions at Record Rates Ahead of Netflix Earnings

By Staff
Thursday, April 22, 2021 12:01 AM Coming out of the pandemic, cost has risen to become the No. 1 decision factor for canceling a service, whether it be a free trial ending or the cost of services increasing. This has led to a growing tolerance for ads. Sixty percent of those surveyed said they were willing to watch up to six minutes of ads per hour in exchange for reduced cost, as long as the ads were relevant and not repetitive.

Covid-19 Booster Shot Likely Needed Within 12 Months, Pfizer's CEO Says

By Staff
Tuesday, April 20, 2021 12:01 AM What we're trying to do at Moderna, actually, is to get a flu vaccine in the clinic this year and then combine a flu vaccine to a COVID vaccine so that you only have to get one boost at your local CVS store, at your GP every year, that will protect you to a variant of concern against COVID and a seasonal flu strain.