Transitioning Ownership to Your Associate: When the Sale Falls Apart | Dr. David Phelps | FF
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Show Notes
Have you considered selling your practice to your associate? Listen to this episode before you do!
This episode of the “Fail Forward” series takes you on a journey with Dr. David Phelps, as he shares a significant setback he faced in selling his practice, where due to his hurried decision, he ended up selling to an associate with excellent clinical skills, but lacking business knowledge. This lack of insight led to volatility and loss of staff and patients; forcing him to retake control. But the silver lining? This was a transformational moment that pressured him to take a different approach in recruitment and empowering associates while gradually transitioning into ownership, resulting in the sale he aimed at. Listening to this episode will teach you how to navigate associate transitions more effectively while avoiding common pitfalls.
Listen to David’s Other Episodes Here:
Host: Michael Arias
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