Episode 122
Before You Take On A GP Partner, Check These Four Things
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Most Practice Owners don’t decide they need a partner, then go looking for the right one.
Someone asks to buy in.
And suddenly the question becomes, “Should I say yes?”
That’s where things can go sideways.
Because taking on a partner isn’t just selling equity. You’re giving someone access to risk, decision-making, profit, and the future value of the business.
In this episode, Todd and Sachin share the four things they look at before bringing someone into ownership, why similarity is often overrated, and how to test a potential partner before you’re locked in together.
What you’ll get from this episode:
- The four things you’re really giving away when you sell equity in your Practice
- Why a partner who thinks exactly like you can be a liability, not an advantage
- How to test disagreement, temperament and decision-making before you commit
- Why selling equity for cash can be far more expensive than borrowing money
- What happens when one Owner drives the growth and everyone else shares the upside
Resources Mentioned
- Why GP Partnerships Fall Apart (And How To Fix Them)
- How a Junior GP Chose the Right Practice to Buy Into
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Connect with Todd: LinkedIn
Connect with Sachin: LinkedIn
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P.S. Whenever you’re ready, here are three ways we can help you grow your General Practice without burning out:
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