Optical Prism June 2019 | Page 19

EYE FOCUS | FEATURE What are the five common mistakes? 1. Having no annual budget or business plan. It’s like deciding to go on a trip without any preparation. You don’t know where you’re going, how you’re getting there, where you will stay or how much you have to spend. This can work, but the chances of something going wrong are much higher without preparation. Taking the time each year to map out a basic business plan and budget really doesn’t take much effort and helps you have some direction and accountability. 2. Not spending enough on marketing. Every day, I talk to eye care businesses who have invested huge dollars into building a beautiful practice with the latest in technology, but then they are afraid to invest in marketing that is literally going to drive people into the business. Marketing should not be viewed as an expense, but rather as an investment that will bring in a return. Every business needs to be building a robust online presence to sustain business in the coming years. 3. Trying to do it all. Business owners often try to do everything them- selves, especially in the beginning of their busi- nesses. They do the accounting, bookkeeping, maintenance, marketing, social media and the buying. Sometimes they are trying to do things that they are not very good at like accounting or marketing when they could make more money doing eye exams and outsource these tasks. They also need to learn to delegate and train staff to take on different responsibilities that then allow them to work on other parts of the business. 4. Not understanding that great culture = business success. A huge mistake is not investing in your people. From training to team building, this type of ac- tivity can truly take your business to new levels. Happy employees ensure your patients are happy and satisfied. When employees are treated well, they treat the business and the customers well in return. It can be little things like remembering someone’s work anniversary to mapping person- al growth and career plans for each staff member. Give to get! 5. Not tracking metrics. Looking at your numbers, including KRI (key revenue indicators), is an important part of the business plan. It’s hard to reach new growth if you’re not sure what your target is. Pull as much data as you can from your software or EHR systems and benchmark where you are. Now set some growth goals in everything from overall revenue to multiple pair sales. Track and report every single month. Last note: Take one step at a time. It’s hard to add a lot of new initiatives all at once. Start with a business plan and budget and then set a goal to implement the rest of the steps throughout the year. Trudi Charest is the co-Founder of Market- ing4ECPs, a digital marketing agency focused in eye care. Marketing4ECPs builds websites, SEO, SEM, paid advertising on Google, Facebook, Instagram, YouTube, review management, email marketing, graphic design, social media, patient communications and so much more! Trudi can be reached at [email protected] or www.market- ing4ecps.com. EYE FOCUS | June Digital 2019 19