In this video, Dr. Brasfield emphasizes the importance of reviewing your optometry practice's Profit and Loss (P&L) statement at least once a month. The P&L statement provides crucial financial information about the practice's income and expenses, including fixed and variable costs.

Dr. Brasfield highlights the acceptable ranges and key metrics for expenses as a percentage of gross revenue. Keeping track of your net income is crucial for long-term planning and making informed business decisions.

By being proactive rather than reactive, optometrists can make more cost-efficient and impactful decisions for their practices.