PT Private Practice Podcast

Episode 90: Partnership Versus No Partnership

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This week we’re talking about partnerships. Partnerships are often formed because there is some aspect of business that you don’t want to confront. In general, we don’t recommend opening a practice with a partnership (with few exceptions). This episode, Brian dives into the challenges that business partnerships face, and how to overcome and confront that which you don’t know.

Episode at a glance:

  • 50+% of all marriages (the most common partnership) end in divorce. However, that number has been dropping thanks to the millennials who are getting married later.
  • The two biggest reasons for partnership feuds are time and money.
  • Don’t seek out a partner because there are areas of business you don’t want to confront.
  • Don’t tie yourself up with tasks that are not physical therapy related that you can outsource – such as billing. You can always hire team members with knowledge and skills in areas you are weaker in.
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