Failure and Risk (and why practice owners should embrace them) with Nathan Hayes episode artwork

EPISODE · Dec 1, 2025 · 1H 6M

Failure and Risk (and why practice owners should embrace them) with Nathan Hayes

from 20/20 MONEY: The Business of Optometry · host Adam Cmejla

ODs tend to be a pretty risk-averse group, which means failure and risk can be avoided or almost taboo topics. But risk is required for any type of return in life. So how should practice/business owners think about risk? If you're embarking on a new growth goals for your practice—like adding an associate doctor—how do you prepare for that investment into the practice and how long do you continue down that path if it's not working? How do you pivot and what are the financial decisions you can make to hedge the risk as best as possible?   Resources: Book a Triage call with Adam Download the Practice Owner's Financial Toolkit 20/20 Money Ultimate Financial Success Masterclass OD Mastermind Interest Form Books & Benchmarks     ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!

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Failure and Risk (and why practice owners should embrace them) with Nathan Hayes

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This episode was published on December 1, 2025.

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ODs tend to be a pretty risk-averse group, which means failure and risk can be avoided or almost taboo topics. But risk is required for any type of return in life. So how should practice/business owners think about risk? If you're embarking on a new...

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