Episode 114
How to Unlock a Practice Your Partners Won't Grow
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Some multi-owner Practices have partners who are comfortable with what they’ve built and have no interest in what it could become. They show up, collect their share, and defer every decision to the practice manager.
If you’re the partner who can see exactly what the Practice could become while the others collect a cheque, this episode is about how you change that.
This isn’t just a stuck Practice. It’s a wealth event no one is turning up to collect.
What You’ll Get From This Episode
- Why going from 25% to 15% might be the best financial move you ever make as a passive senior partner, and why Todd says the math almost always works in your favour
- Todd’s one obligation for passive senior partners who want the upside: exactly what they must commit to and exactly what they must stop doing
- The Planet Saturn Practice: why a business with 20-plus years in the community has more upside than a greenfield start-up, and why the junior partner showing up is a gift to everyone at the table
- Why you should set a hard time limit on stuck-partner conversations, and what you put on the table when nothing has moved in six months
- The doctor who sold her stake for $1, built a Practice worth over $3M from scratch, and says the best thing that came out of it had nothing to do with money