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Selling the Business Part 1

This is the business I have owned for the past ten years, a private practice optometry office. It has provided income, friendships, learning experiences, and more than a headache or two. At the end of the year, it will no longer be mine. I am selling to my current associate doctor. The office is in a good financial position. Why would I give all this up? I still enjoy the eye care part of the business. Most days I feel like I do some good. The business management part of the deal is what I am really burned out on. It is a 24/7 job. No matter whose fault something is, the buck stops with me. I long for the job where I can show up, put in my best effort, and go home, not worrying about five million other things all night. (well, at least not five million work related things!) I have seen other people in my position keep going on until they become a complete burnout, hate patients, and despise going to work each day. I don’t want to become that, but I still have to earn a living. How am I going to do it? Well, ...

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Finding the Balance

I have been in my current business for twelve years, and I am ready to make some changes. I have owned a private optometry practice for the past ten years.  I am one of those people who always knew what they wanted to do. I finished my undergraduate work a year early so I could get into optometry school sooner. I assumed I would do this forever. I have not had multiple careers, reinvented myself, found my inner goddess, etc. Optometry school taught me how to be a good eye doctor, but nothing about running a business or managing money. My husband and I have seen our income grow, while, unfortunately, watching our debt rise as well. When you start making money after never having any, you feel like you deserve “stuff. ”  We have made some realy smart AND some really dumb financial decisions. I’m not sure if I am having a mid-life crisis. I don’t want to go buy a Corvette or  study yoga in India, but I have come to a point where I want to work less and spend more time with my family. I am not ready or able to give up my income though, ...

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