The Myth of Prometheus
In Greek mythology, Prometheus (Ancient Greek: Προμηθεύς, "forethought") is a Titan, a race of giants. He was a champion of human-kind famous for his wily intelligence, and an audacious act of benevolence. Prometheus stole fire from Zeus and gave it to mortals. With this gift, man was able to make weapons; tools with which to cultivate the earth; to warm his dwelling; and finally to introduce the arts and to coin money, the means of trade and commerce.
Prometheus took fire from the gods and gave it to humans, forever changing their lives for the better. In a like manner, Promethean Ventures enlightens optometrists with more efficient revenue models and financial systems for their practice and personal lives. Many of these systems are automated so they don't require more of a doctor's or staff's time for implementation.
Foundational Concepts and Vision (by Dr. Riley Uglum)
Promethean Ventures began in 2009 as a company that helped successful private practitioners leverage advanced wealth creation and asset protection strategies with E-Myth principles. The goal was to help them become true entrepreneurs where they operated their optometry business as a CEO rather than an employee OD. They could become less dependent on being paid for their tactical optometry skills. This allowed them the freedom to create a life where at the end of the day --
they couldn't tell if they were working or playing.
Our vision began to change in 2013 when we realized that it was becoming increasingly difficult for private practice ODs to sustain the growth necessary to leverage our advanced wealth creation strategies properly. Even in our practice, the growth curve was starting to flatten. So our vision and focus has changed
A New Vision - Sustaining Practice Growth
The traditional business cycle for optometry has been efficient in the past. I know because I have used it successfully. But it will no longer create significant growth due to a number of factors beyond our control. To remain viable as a growing business (growth is critical to the survival of private practice) the old business cycle must be innovated. Once this is done and we are generating more revenue, we can re-focus on the wealth creation tools and plug into the Freedom Formula!
To learn more about how the old business cycle is failing us and what the new one looks like, take a look at the videos below.