Warum dein bester Mitarbeiter ohne das geht

0:00When did you make the decision to be more of the dancing bear and less of the main one you know as a doctor and my job was mainly to see patients now that's kind of transitioned into I found out I'm the better dancing bear so I'm leaning more into that when do you make that choice? Well sounds like you've already made that choice. Well I'm still doing half and half I'm just double timing kind of the social media in between patients.

0:26Well do you need to do the seeing patients? Uh I do bring in a good chunk of the revenue still so I think if I did stop that would hurt the revenue. So can the person that you is the other person you have fully booked? No and I am training them. Okay yeah I mean you'd want to so typically with high skilled labor businesses which is what you have right so it's not like uh well like shoot a hair salon I don't know like it's it's it's harder to become a chiropractor than it is to become a hair hair stylist. Um no disrespect where's my hair guy? Saw yesterday. Yeah yeah yeah little I mean little hours yeah little um what I've seen in terms of private expansion of service based business but you know in four walls is that you risk like if you if you do you want to expand to multi like more locations is that kind of the the the thought process yeah?

1:19>> So if obviously you want to train this person up you want them to be able to take on the full workload and I think that having a path to like 20% ownership um is fairly cuz otherwise like they'll be they'll be loyal to that person and so that person could walk with your old practice which would suck right? And so adding one probably more chiros will help kind of over time like decrease that risk. And then secondarily having like if you look at like law firms like high skill consulting firms high skill accounting firms high skill almost all of them have like partnership like path to partner type things and so it doesn't mean that you they have to be able to like get 100% of the business but typically 10 to 20% um of like the upside now that doesn't need to be actual equity it can just be a profit share and um something called a profits interest which is basically like in the event of a sale they would get X percent and you don't need to give it up front you can say hey over the next 5 years I'll vest you 2% a year um and a lot of people that's like you want them to feel like it's their their facility. You want them to have their picture on the door it says hey I'm Jerry I own or operate this you know Chick-fil-A. Same idea there's a reason they have them put the picture on the door even though that they're not really the owners of the business. And so I would yes lean into promotion it's a higher leverage skill. You're naturally doing that because you're realizing it makes you more money per unit of time.

2:37Um and the skill that you'll have to get into is recruiting hiring training and culture because when you scale people that's the business. Yep that makes sense. >> help? Yep thank you. If you're a business owner and you are not growing as fast as you'd like I'd like to give you a free gift. So my team and I put together the $100 scaling roadmap which is basically 200 hours of looking over all the portfolio companies we've had and what stages of growth they went through and more importantly where they got stuck and how they got past it. And so we broke it in these 10 stages and we made this little kind of quiz thing where if you put in your business information it'll tell you where you're at and the most important part for you what to do for each of functions of the business across product marketing sales customer success recruiting IT human resources and finance. And so no matter what you're struggling with someone else has already struggled with it and solved it. And so I'd like to give you this thing absolutely free you can go to acquisition.com/roadmap plug in your business information and if you want us to actually help you deconstruct the business and you're trying to scale we'd love to help you out on the thank you page you can just book a call with my team and we will look at the business see if we can help and if we can we'll invite you out to Vegas and we'll do this in person live.