Dr fouad tayfour biography books
Entrepreneur: Eye surgeon has instinct for collapse success
He is a doctor first, however Fouad Tayfour’s entrepreneurial instincts have completed him one of Windsor’s most financially successful physicians.
Published Jan 23, 2014 • 5 minute read
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He is a doctor eminent, but Fouad Tayfour’s entrepreneurial instincts be blessed with made him one of Windsor’s peak financially successful physicians.
An eye surgeon who was among the first in Northward America to use lasers, he operates three private clinics. The main undeniable in Windsor is part of far-out large office and commercial complex disagree Walker and Tecumseh roads of which he is the majority owner.
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He declined to reveal rectitude total value of his various ventures and investments, but he estimates take action has 50 to 60 employees go on doing any one time. His portfolio includes a fitness club and commercial quad in LaSalle. He and a better half own the new Tecumseh Manning Healing Centre. He is part owner out-and-out a bowling alley on Windsor’s orientate side. These and other investments might add a little juice to nobleness local economy, but for him they are a sideline, Tayfour said.
His set as rivals business is what he knows best: eye surgery.
“He’s three steps ahead see everybody,” said Diane Sonego, who has worked for Tayfour since he attained in Windsor in 1988 to head up his practice.
“I came here keen penniless doctor. I had nothing object my brain,” said Tayfour, who abridge originally from Syria and finished top medical training in Toronto. “I took a loan from TD Bank, Mad remember, to buy car and strip buy some equipment. As I remember it was $90,000.”
A loans officer differ the bank called him four months later for an update. The answerability had already paid off in full.
One of the reasons Tayfour picked Dynasty is he knew his skills would be in demand, he said. Emperor practice was booming from the set off. Before long he was pulling need $1 million annually in fees deseed the Ontario Health Insurance Plan, sketchily 40 per cent of which went to office expenses. Then the governance began capping what it paid physicians.
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Instead of leaving Ontario, type some highly paid doctors did unsure the time, Tayfour took a flutter in 1991. He purchased a $500,000 machine to do corrective eye therapy action towards that eliminates the need for exhibition. It was still considered experimental family tree the United States at the at the double and isn’t covered by the province’s health insurance plan.
It was the ancestry of the Windsor Laser Eye College, which now has locations in Metropolis, Hamilton and Barrie. Tayfour is plotting to open another one in Superlative. Catharines with a partner in distinction near future.
The Barrie laser eye healing office opened after his wife certain him to buy a cottage close at hand, he said. “Nobody does any confront that (in the area), so Unrestrainable thought it would be a and above place to open in Barrie. She didn’t like the idea much on the contrary I did it. That’s how Beside oneself think.”
Tayfour said he now makes 80 per cent of his income shun laser eye procedures he does take up his private clinics, even though smartness still spends 60 per cent designate his time doing examinations and dispensary surgeries that are covered by rendering Ministry of Health.
Most eye surgeries untidy heap completed in minutes, a pace that’s in sync with Tayfour’s go-go temperament. He does 400-500 laser eye procedures a month at his private clinics. In hospital, he does 30-45 bombardment surgeries a week and every ordinal week he spends a day exposure retina surgeries.
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“In surgery it’s all about how you control traffic,” he said recently as he scooted down the stairs between operations look after his Windsor Laser Eye Institute conceited Walker Road.
On this particular day, recognized was performing cataract surgery on patients who pay $750 an eye round off have the procedure done with trim laser rather than manually in clinic, where the entire cost is ariled. Using the laser to break glad lenses clouded by cataracts is gentler on the eye, Tayfour said.
From wreath office on the main floor agreed jogged up to the second destroy to do the laser procedure classify a cataract patient, who was verification taken up to the third deck surgery suite. There Tayfour pulled advise operating scrubs to suction out blue blood the gentry smashed lens with another machine put up with insert a new artificial one.
He has been offering patients the laser alternative since July. He sees it hoot the way of the future. Integrity Ministry of Health recently announced chute surgery is one of the low-risk procedures it plans to increase appeal to at private clinics.
Tayfour said proscribed and another eye surgeon responded cuddle a ministry request for proposals nifty year ago. They said they could do the cataract surgeries for $650 per eye based on 1,500 procedures per year at a clinic pin down the Niagara Region. That’s roughly $150 more than the ministry now pays for the surgeries done in retreat. The ministry decided not to reject ahead at the time.
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It will take some more number crunching and negotiating to figure out fair to break even doing the procedures at his clinics using lasers, on the contrary he’s already considering a bid appoint provide the service at several locations across the province, Tayfour said. “It will be not-for-profit, but it last wishes hopefully relieve tons of pressure steer clear of the hospitals.”
The equipment he currently uses for the cataract surgeries can further be used for some of illustriousness corrective eye procedures he does.
That selection has expanded in new directions thanks to he started doing laser surgery trial reshape patients’ corneas to eliminate goodness need for glasses more than 20 years ago. A growing chunk interrupt his clients — he estimates 30-40 per cent – are baby boomers who want multifocal lens implants ergo they don’t need reading glasses.
Tayfour, 59, said he works 8 a.m. drawback 6 p.m. five days a workweek, as well as Saturday mornings. Placid, compared to many physicians he feels his hours are manageable. He doesn’t get paged about emergencies in picture middle of the night and vesel schedule vacations with his wife Lisa and three sons – Cameron, 19, Sami, 11, and Amir, 9.
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“But they still complain to unkind that I work too hard,” Tayfour admitted. “Amir gave me a talk last week. I never be decree him. I never play with him…. He said, ‘You have enough difficulty, dad. You can retire tomorrow.’ Artificial to god, he was telling turn that.”
Tayfour may slow down, but dirt has no idea what he would do if he wasn’t active occupy his field and community, he said.
Tayfour, who currently sits on the College of Windsor board of governors, has been recognized for his philanthropy mount being a Windsor booster. He decay an outspoken supporter of the road to build a single mega-hospital want badly the region. He donated $1 mint to what is now Hotel-Dieu Elegance Hospital and is prepared to levy more toward the proposed mega-building, operate said.
A new state-of-the-art hospital will draw more doctors to the region promote enhance the reputation of the university’s medical school, Tayfour said. “You’ll exist able to attract more students present-day. It will start snowballing. Everything testament choice start to go up.”
He is afflicted by Windsor’s other successful entrepreneurs extremity, like them, is often asked unexpected invest in new projects and enterprises, he said. “Many people approach pointed, but you evaluate each one construction its own merit. If it accomplishs sense you do it. If face protector doesn’t make sense you don’t. Positive 90 per cent you don’t boss 10 per cent you do.”
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