The 5 Megatrends Set To Shape The Future Of The Independent Optics And How To Harness Them In Your Practice

Megatrends are forces that are reshaping the optical business landscape and the future prospects of independent practice owners in significant ways. The implication of these forces are broad and varied. They present both amazing opportunities that need to be proactively seized with both hands – and extremely dangerous risks and short-term temptations that need to be actively rationalised and mitigated.

Megatrend One: Significant Inflation in practice values

The transfer value of strong, profitable practices is set to rocket over the long-term.

Megatrend Two: “Islandification” and Trading Location Evolution

Trading conditions and commercial terms for leases on high streets will continue to evolve, bringing both threats and opportunities to optical businesses. Get in the know to ensure you choose the optimal strategy for your practice.

Megatrend Three: Increasingly differentiated operating models in the independent sector

Privatisation & Shared Care will continue to shake up the standard operating model for independents.

Megatrend Four: Improving ease of ownership and operational experience

It will become easier and a more enjoyable experience to run your practice.

Megatrend Five: Suppliers are becoming increasingly conflicted in one key area

This megatrend trend could adversely affect your personal wealth unless you get informed on the facts and take appropriate action.

Seven ways to improve your work life balance

Achieving a great balance between your business and personal life is key to growth in each. In an article originally published in the 25 January edition of Optician, our Director, Dom Watson outlines seven ways to ensure a healthy business and a happy mind.

Thinking of Starting a Practice From Scratch

Starting your own business is one of the most rewarding and challenging things you can do particularly in independent optics where you are likely to be the clinician as well as the business owner. Sometimes it’s fun, and other times it is emotionally and financially draining. Making the right decision as to whether starting an independent optical business from scratch or purchasing an already established practice is something that requires much consideration and research.

Giving something back whilst staying hydrated

What's The Value of Your Commute?

Here at Myers La Roche, we talk daily about value. Not surprising, given that we value over 100 independent optical businesses every year. We also work hard to ensure that every piece of consultancy work we deliver gives maximum value to our client so that they can subsequently realise the full value of their business. But what about the value of other things related to our daily working life? 

Be Your Own Boss

Take the plunge and move from the multiple to the independent sector

Choose the right insurance policy for your optical practice

Choosing the cheapest insurance policy can potentially be both short-sighted and expensive

Myers La Roche director joins Mount Kilimanjaro challenge and raises funds for charity

Our director Dom Watson is climbing Mount Kilimanjaro to inspire others to follow their dreams and to raise more than £2,000 for two wonderful causes.

Practice Sales Pitfalls – Knot What Was Expected!

Sometimes the most bizarre things can jeopardise a deal. In this case, it was the dreaded Japanese knotweed

Learning to Let Go

Why Learning to Let Go Is Essential To Achieving Your Goals

The Perils of Short Cuts, and Trying to Take the Easy Route

Indecision and procrastination on the timing for a business sale and retirement are common