Optician and Optometrist business partnership.

[94NDTA]

The other night I had a wild crazy idea and wanted to bounce the idea off a couple people in the field. I currently work at a big box that pays me very well, but the hours are brutal, and typical big box micromanaging happens every day, and is starting to get old. We currently have a sublease doctor that is nothing short of awesome. She has an established business (they don't sell glasses or contacts) but I feel like we are on the same page as far as customer care (customers vision first, crazy sales goals second) Our business is more than likely the biggest in town, and I am their top player. Our independent Optical's here are severely lacking in competent opticians (based on heresay and personal interactions). I feel like the both of us have a fairly good size customer base that come specifically to see us. I always hear of optometrists buying an office of a retiring optometrist, or starting a business, but not so much optician/optometrist combo. Does anyone have any experience proposing a business idea, or becoming a business partner with an optometrist? I like what I do, but to stay in the business and progress, I wouldn't stay with my company.

[drk]

Check ND state law, first.

If not prohibited, go for it!

[jpways]

And I'd also make sure neither of you had to sign a non-compete clause (assuming it's legal in ND)

I just looked it up and you're in one of 2 states where they are illegal, so nevermind. I also say go for it.

[Craig]

We have an OD who is Independent because of Florida law but it works out well for both of us. We don't take insurance and don't know your plans but that is a key to the success.
If we can be of any help; please ask.

[rbaker]

Sit down together
Draw up a business plan
Consult an attorney to resolve your business ownership model
Get your financing in place
Find a location
Obtain state and local licenses and permits
Buy some professional liability insurance and personal disability insurance
Line up third party payers
Line up vendors.
Furnish office and lab
Do some advertising
Open the door
Work your a$$ off

[94NDTA]

In a situation like this, how would you propose such a unique partnership to benefit both parties? its not the same as two ODs starting a business. Just dreaming a bit and thinking of my future.

[David_Garza]

Go for it!
I know of at least practice in town that started this same exact way when the company they worked for/next door to went Bankrupt and they were both forced to move on.
That was over 20 years ago.