Case Study
Independent Optical Practice,
County Kerry
Results
Year 1
Aim:
To analyse and develop the existing business.
Outcomes:
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Full business analysis and development strategy.
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Complete operational policies and procedures developed.
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Renegotiated with all suppliers
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Identified new revenue streams
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Micro managed the business on all fronts to ensure delivery of the above.
Year 1
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Increased turnover and profits by 128%
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Reduced costs by 22%
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Implemented the "Ideal Customer Experience"
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Staff training
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Optom CPD training
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Increased customer spend by 84.2% per person
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Reformatted Practice diary
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Increased Total appointments by 33%
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Agreed Partnerships with Kerry GAA "The Official Optical Partner"
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Year 2
Aim:
Further develop the business
Outcomes:
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Grew Staff numbers from 2 to 6, increase wages.
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Set up "Kerry Dry Eye Clinic"
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Commenced Dry eye clinic March 3rd
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Developed new sales and marketing strategy and plan
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Reduce patient age profile from 70 yrs plus to 42.3 yrs
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Increased patient appointments by 39%
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Introduced Eye care products and developed Hygiene programs
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Staff training
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Optom CPD training
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Further reduced supplier numbers while renegotiating better cost terms.
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Installed a more efficient telecom system
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increased turnover and profits by a further 78%
Year 3
Aim:
Consolodate yr 1 + yr 2 growth
Outcomes:
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Increased number of Kerry Dry Eye clinics from 10 clinics in '22 to 20 clinics in '23
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Increased the technological footprint within the practice.
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Maintained advertising within in the sales and marketing strategy.
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Increase staff number by 1
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Staff training
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Optom CPD training
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Reduced Optoms working days while increasing patient care
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Currently seeking to hire another Optom
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Negotiated a fixed term exclusive agreement with HOYA to provide the practice with lenses and equipment.
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Identified 2nd practice
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Develop 5 year business plan and strategy
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Micro managing all aspects of the business
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Currently 4.8% above very ambitious turnover and profit target for year end of '23
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TBC