Going into Business with a Partner
Should I go into business with my wife, partner or spouse?
The answer is complicated
I’ve had clients who’ve been really successful doing this and in the last year I’ve had 3 clients leave the programs or their business due to a divorce and I’ve experienced my own divorce where we were partners in the clinic.
It made navigating work and our relationship really difficult, though it wasn’t the reason for our divorce, it didn’t help.
Have a Conversation – multiple
Must have a shared vision
Discuss and divide the roles/responsibilities
Create boundaries around working together
- Date night with no talk about work
- Weekly check in about your relationship
- Weekly meeting dedicated to work/business
There may be 1 person who seems to do more in the business and more at home
It’s not a contest
Both partners should always be trying to do more than the other
Here some things to consider:
1) Do you both want to fill the same roles? Ie: both treat patients, both do the marketing, both be the visionary?
Or Are your strengths and interests complimentary?
2) Should to have a trial period and need an exit strategy if it doesn’t work or feel right.
Set expectations, have a “safe” word
Should have an operating agreement that deals with dissolution of the business, and depending on the laws of your state, your business may belong to your partner in marriage whether they work in the business or not.
Book recommendations if you do decide to run your business with a partner
E-myth by Michael Gerber
And
Rocket fuel by Gino Wickman
If you are ready to launch and grow a Cash PT practice, DM me “Blueprint” to get started!
Plus: Whenever you’re ready… here are 3 ways I can help you grow your coaching business:
- Grab a free copy of my book
It’s the road map to launch, grow & scale your physical therapy business. -> Click Here
- Join our CashPT Blueprint Program and be a Case Study.
I’m putting together a new coaching case study group this month and if you’d like to work with me on your client-getting and scale plans… just send me a message at m.me/AaronLeBauer with the words “Blueprint”.
- Work with me and my team privately
If you’d like to work directly with me and my team to take you to 6 or 7 figures… just send me a message at m.me/AaronLeBauer with the words “Private”… tell me a little about your business and what you’d like to work on together, and I’ll get you all the details!
Comments are closed.