Castmagic logo
FAKTR Podcast #101 FAKTR podcast - Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1
Transcript
AI Content
Magic Chat
1 / 1

Sure! Here are some title variations for the podcast episode: 1. Navigating Successful Relationships Between Associates and Practice Owners 2. Building Strong Associate-Practice Owner Relationships in Sports Chiropractic 3. Making the Right Choice: Associate, Contractor, or Independent Practice? 4. Strategies for New Graduates Entering Healthcare Practice 5. Lisa Goodman on Creating a Balanced Practice Environment 6. How to Foster Effective Growth in Chiropractic Practices 7. Aligning Expectations for Better Associate and Owner Partnerships 8. Building a Thriving Practice: Insights from Doctor Lisa Goodman 9. Key Considerations for Starting a Healthcare Practice 10. Empowering Associates for Long-Term Success in Chiropractic

💬 Keywords
✨ Preset prompt

1 / 1

Sure thing! Here's a list of 30 topical keywords from the transcript: 1. Chiropractic, 2. Healthcare practice, 3. Starting a practice, 4. Growing a practice, 5. New graduate, 6. Practice owner, 7. Associate, 8. Independent contractor, 9. Financial stability, 10. Learning curve, 11. Mentorship, 12. Sports chiropractic, 13. Prenatal chiropractic, 14. Pediatric chiropractic, 15. Titleist Performance Institute, 16. Marketing, 17. Communications, 18. Business focus, 19. Career strategy, 20. Patient acceptance, 21. Employee responsibilities, 22. Team relationship, 23. Practice growth, 24. Revenue increase, 25. Income expectations, 26. Job description, 27. Compensation structure, 28. Hiring process, 29. Employment expectations, 30. Professional mentorship. Let me know if you need more information or have any other questions!

💡 Speaker bios
✨ Preset prompt

1 / 2

Jessica Riddle is the engaging host of the FAKTR podcast, where she delves into insightful discussions on business and health care practices. In a particular episode, she introduces the new business focus series with guest Dr. Lisa Goodman, exploring the intricacies of starting and expanding a health care practice. Jessica skillfully navigates conversations about the varied experiences of seasoned providers and new graduates, shedding light on the paths to success in the chiropractic profession. Her podcast serves as a platform for sharing expertise and empowering healthcare professionals with valuable knowledge and perspectives.

🎞️ Clipfinder: Quotes, Hooks, & Timestamps
✨ Preset prompt

1 / 1

Lisa Goodman 00:02:34 00:02:45

"Building Strong Professional Relationships": "I believe so strongly in a strong relationship between owners and associates and taking that further between the entire team that's at your practice or your workplace."

Lisa Goodman 00:05:44 00:06:01

"From Confusion to Clarity: The Journey of Starting a Practice": "I remember when I opened my practice eighteen years ago, I had absolutely no idea what I was doing for about 75% of it, and I thought to myself, I'm gonna figure this out, and someday I'm gonna write it all down and share it with everyone else to save them three years of confusion."

Lisa Goodman 00:08:02 00:08:13

"Finding Your Fit in the Workforce": "So if that's you, if you feel like you can you have great time management and you feel like juggling is what you're into or just managing a lot of things at once, ownership may be a good spot for you."

Lisa Goodman 00:09:51 00:09:57

Mentorship Matters: "Another good reason, which I think you should check this box no matter what, is if you're interested in being a mentor."

Lisa Goodman 00:11:49 00:12:02

"Considering a Career as an Associate:": "If you're still craving mentorship and you want to continue learning, there is no reason to avoid being an associate. The last thing I would love for you to consider and I don't hear enough about is that this can be a career for you."

Lisa Goodman 00:13:25 00:13:32

The Reality of Being an Independent Contractor: "If you're an independent contractor for five years at an office and for whatever reason you part ways, you your decision or the owner's decision, technically can't apply for unemployment."

Lisa Goodman 00:15:11 00:15:21

Viral Topic: The Employee vs. Independent Contractor Dilemma: "If it looks like a duck, an employee is one who follows the usual path of an employee and is dependent on the business that they serve."

Lisa Goodman 00:24:49 00:25:09

"Navigating Associate Relationships in Practice Ownership": "But my biggest fear is that my associate having been there for, let's say, three years, having a full schedule of people who have passed that tipping point and learning curve of accepting my associate and loving them and probably liking them more than they like me. And now the associate's like, cool. I'm gonna open a practice, and I've got this ready bait built patient base. That's our biggest fear as owners."

Lisa Goodman 00:28:27 00:28:40

Empowering Associates: "If you've brought somebody in that you feel great about and you're trusting them with your patient care, then you should give them 100% of trust, and that's where open communication comes into play."

Lisa Goodman 00:28:40 00:28:57

"Building Trust in the Workplace": "If you have any doubts about the the intention or integrity of your associate or how they treat patients or if they're gonna call in sick or how they're gonna talk about your practice outside of the walls of your practice, if you have any doubts whatsoever, it's not a good fit."

ℹ️ Introduction
✨ Preset prompt

1 / 1

Welcome to another episode of the FAKTR podcast. I'm your host, Jessica Riddle, and today we're diving into the intricacies of the associate-practice owner relationship in the healthcare industry. Joined by the insightful Dr. Lisa Goodman, we focus on guiding new graduates and seasoned practitioners alike through the pivotal decisions that shape their careers. Dr. Goodman, a seasoned chiropractor with extensive expertise in sports, prenatal, and pediatric care, shares her valuable insights on whether to open your own practice, work as an associate, or explore the independent contractor route. In part one of this two-part series, we'll unpack the realities of financial stability, the learning curve, and the long-term rewards each path offers. Whether you're stepping into the chiropractic world or refining your career strategy, this episode is brimming with actionable advice and encouragement. So, let's get started on this journey towards building a successful and rewarding professional relationship.

📚 Timestamped overview
✨ Preset prompt

1 / 2

00:00 Building Strong Owner-Associate Relationships

05:44 Guide for Starting a Practice

09:31 Reasons to Hire an Associate

12:47 Independent Contractor Confusion

14:56 Independent Contractor vs. Employee

20:20 Balancing Work Expectations: Fairness

23:37 Employee Retention Challenges

24:26 Fear of Losing Patients to Associates

27:35 Responsibility: Train and Trust Associates

31:20 "Until Next Time"

❇️ Key topics and bullets
✨ Preset prompt

1 / 1

Sure! Here's a comprehensive sequence of topics covered in the transcript from the podcast episode with sub-topic bullets: 1. **Introduction and Episode Overview** - Welcome by Jessica Riddle - Introduction of business focus series featuring Dr. Lisa Goodman - Discussion points: Challenges and opportunities in healthcare practice - Guest speaker background and credentials 2. **Initial Context and Dr. Goodman’s Background** - Dr. Goodman’s qualifications and career highlights - Washington Park Chiropractic practice details - Philosophies on conservative practice growth and mentorship 3. **Associate-Practice Owner Relationship Dynamics** - Importance of strong relationships between practice owners and associates - Responsibilities of team members within a practice 4. **Exploration of Professional Pathways** - Decision-making in choosing between opening a practice, being an associate, or an independent contractor - Financial stability and learning curve considerations 5. **Owner’s Perspective on Hiring Associates** - Reasons to hire an associate - Importance of financial and mentorship interests 6. **Associate's Perspective on Choosing Employment Paths** - Reasons to become an associate instead of starting a practice - Expectations for work-life balance and financial consistency 7. **Discussion of Independent Contractors** - Definition and typical characteristics of independent contractors - Risks and responsibilities for both the contractor and practice owners 8. **Expectations and Realities for Associates** - Ideal expectations upon becoming an associate - Realistic work demands and gradual patient acceptance - Common challenges and satisfaction metrics 9. **Expectations and Realities for Practice Owners** - Anticipations when employing an associate - Financial and operational responsibilities - Concerns about associate transitions 10. **Responsibilities of Employers and Associates** - Employer roles in employee growth and compensation structures - Communication and collaboration for mutual benefit 11. **Conclusion and Teaser for Next Episode** - Topics for the next episode: compensation models and salary negotiations - Invitation to listeners for feedback and episode sharing I hope this effectively captures the essence of the transcript for you!

🎬 Reel script
✨ Preset prompt

1 / 1

Welcome to today's entrepreneurial insight where we dive into the heart of associate-practice owner relationships. Joined by the incredible Dr. Lisa Goodman, we explore key strategies for both new graduates and seasoned practice owners. Discover the paths of opening your own practice, working as an associate, or choosing the independent contractor route. Learn about financial stability, potential rewards, and the mutual expectations that make these relationships thrive. Whether you're starting your practice journey or refining strategy, this session is packed with invaluable takeaways for success. Tune in and elevate your business game!

👩‍💻 LinkedIn post
✨ Preset prompt

1 / 1

🚀 Exciting insights from the FAKTR Podcast! 🚀 In this episode, "Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1," Jessica Riddle and Dr. Lisa Goodman dive deep into the nuances of the associate and practice owner dynamics. Dr. Goodman brings her rich experience in sports chiropractic to the table, sharing practical tips for anyone in the healthcare practice field. Key Takeaways: - **Evaluate Your Path**: Dr. Goodman emphasizes the importance of understanding whether to open your own practice, work as an associate, or go the independent contractor route. Your choice should align with your career goals and personal preferences for things like financial stability and work-life balance. - **Mentorship and Training**: Whether you're an owner or an associate, the value of mentorship cannot be overstated. Owners should provide training and guidance, while associates should seek environments that foster learning and growth. - **Trust and Communication**: One major theme is trust. Owners must trust their associates to manage patient care, and associates should feel supported and appreciated. Open communication is key to navigating expectations and responsibilities. This episode is packed with wisdom for both new graduates and seasoned professionals. Don't miss out—tune in to transform your professional journey! 🎧 #FAKTRPodcast #ChiropracticCare #HealthcareManagement #ProfessionalGrowth 🔗 [Listen to the Full Episode Here](faktrpodcast.com) 🔗

🗞️ Newsletter
✨ Preset prompt

1 / 1

**Subject:** Building Strong Associate-Practice Owner Relationships: Insights from Dr. Lisa Goodman Hello FAKTR Podcast Family, We're excited to bring you a new episode in our business-focused series, featuring the dynamic Dr. Lisa Goodman. Known for her prowess in sports chiropractic, Dr. Goodman shares invaluable insights into navigating the pivotal associate-practice owner relationship. In this first part of a two-part deep dive, you'll gain perspective on: - The decision-making process of whether to start your own practice, work as an associate, or choose the independent contractor route. - The realities of financial stability and the learning curve involved in each path. - How to foster a mutually beneficial relationship between practice owners and associates. Dr. Goodman, with her wealth of experience as a practice owner and a mentor, highlights the expectations and responsibilities on both sides. Her approach is practical, fostering growth, and innovation in the field of chiropractic. Whether you're a seasoned professional or just starting, this episode is packed with strategies to help refine your career path, enhancing your journey in the healthcare industry. Don't miss out on these enriching perspectives—listen now and transform your approach towards building a successful practice. Stay tuned for Part Two, where we'll delve deeper into practice owner strategies and compensation models. Episode 102 drops in just two weeks! As always, we'd love to hear from you. Let us know what topics you'd like us to cover in future episodes by sending us a message at faktrpodcast.com. Thank you for being a part of our community, and happy listening! Warm regards, The FAKTR Podcast Team **P.S.** Check the show notes for links and special offers from our sponsors, and be sure to share this episode with a friend who might find it beneficial!

🧵 Tweet thread
✨ Preset prompt

1 / 1

🚀 Ready to dive into the world of chiropractics and practice management? Today's Twitter thread is inspired by the latest episode of the FAKTR podcast featuring Dr. Lisa Goodman. Let's explore the art of growing a healthcare practice and making the right career choices in this dynamic field. 🌀 #ChiropracticJourney #FAKTRPodcast 1/ 🎧 Meet Dr. Lisa Goodman, a powerhouse in the chiropractic world! With certifications in sports, prenatal, and pediatric chiropractic, Dr. Goodman has been a practice owner for 19 years. Plus, she's a marketing maven & the valedictorian of Palmer West. The perfect blend of skills! 💪 #ChiropracticSuccess 2/ 🤔 Thinking about starting your own practice? Dr. Goodman digs deep into whether you should open your practice, work as an associate, or become an independent contractor. Reality check: each path has its unique challenges and rewards! #CareerDecisions 3/ 💼 If you're an associate or thinking of becoming one, understanding the expectations and responsibilities is crucial. Dr. Goodman highlights how associates should be mentored, valued, and seen as integral parts of the practice team. #TeamWorkMakesTheDreamWork 4/ 🤝 Practice owners, listen up! Supporting and promoting your associate is vital for growth. Building strong, trusting relationships within your team can lead to mutual success and satisfaction. 🌟 #PracticeGrowth 5/ 📚 Dive into Dr. Goodman's book, "The Manual for the Chiropractic Entrepreneur," for a roadmap to success. From starting small to encouraging mentorship, her guide is a must-read for new and seasoned practitioners alike. #ChiropracticBooks 6/ 📈 As Dr. Goodman says, "There's no shortcut to growth." Whether you're an owner or an associate, hard work, mentorship, and trust are key ingredients to thriving in this rewarding profession. 🌱 #GrowthMindset 7/ 🌐 Tune in to part two of the series, where Dr. Goodman will tackle compensation models, salary negotiations, and more tips for making an associateship rewarding for both parties. Don't miss it! 🎙️ #StayTuned 🤓 Learn more by listening to the FAKTR podcast—packed with insights, stories, and tips that'll inspire your chiropractic journey. Ready to level up your practice? Let's go! 🎉 #PodcastLove #ChiropracticCommunity Feel free to share this thread and spread the word to fellow practitioners! 🗣️💬 #ChiropracticChat #HealthcareCommunity

❓ Questions
✨ Preset prompt

1 / 1

Sure thing! Here are ten discussion questions based on this episode of the FAKTR Podcast with Dr. Lisa Goodman: 1. What are the primary reasons Dr. Lisa Goodman suggests hiring an associate for a chiropractic practice, and how do they contribute to the growth of the practice? 2. Dr. Goodman emphasizes the importance of mentorship in the associate-owner relationship. How does she suggest practice owners effectively mentor and train their associates? 3. How does Dr. Goodman describe the expectations and realities of new graduates entering an associateship, and what advice does she offer them? 4. Discuss the potential benefits and drawbacks of being an independent contractor in the chiropractic field as outlined by Dr. Goodman. 5. What are some responsibilities Dr. Goodman believes employers have when hiring an associate, and how do those responsibilities impact the success of the practice? 6. Dr. Goodman talks about the importance of trust between practice owners and associates. What strategies does she recommend to build and maintain this trust? 7. Analyze the challenges associated with non-compete agreements for associates as mentioned in the episode. What are Dr. Goodman’s perspectives on these agreements? 8. How does Dr. Goodman’s experience as a chiropractor and practice owner influence her perspective on the associate-owner relationship in the healthcare field? 9. In what ways does Dr. Goodman suggest associates can actively contribute to marketing and growing a practice, and why is this involvement important? 10. Dr. Goodman talks about using ongoing education to continuously improve skills as a chiropractor. Why does she believe this is vital, and how does it support career development? These questions should spark some interesting discussions and insights regarding the dynamics of associate-practice owner relationships in the chiropractic field as discussed in the episode.

🪡 Threads by Instagram
✨ Preset prompt

1 / 1

1. Starting a chiropractic practice? Dr. Lisa Goodman suggests beginning small with your skills. Patient demand drives growth—massage, acupuncture, you name it! Your education, hands, and a table can be enough to get started. 2. Associateship vs. ownership: weigh your strengths! Dr. Goodman highlights that if all you want is to focus on treating, being an associate might be the best fit for you. Own your choice without regrets! 3. Hiring an associate? Ensure you have a solid reason. The right time comes when you're expanding due to high demand or providing additional services. Mentorship is key for a thriving relationship and practice. 4. Independent contractor or employee? Dr. Goodman warns that mismatched classifications can lead to legal issues. Make sure the role is clearly defined to avoid complications and ensure everyone thrives in their position. 5. Owners, build trust and support for your associates. Mentor actively and inspire them! Dr. Goodman emphasizes open communication and creating an environment where associates feel valued and appreciated.

Blog posts for podcast website prompt - main points
✨ Preset prompt

1 / 1

**Blog Post Part 1: Navigating the Path to a Successful Associate-Practice Owner Relationship** Welcome to the latest episode of the FAKTR Podcast, where we delve into the intricacies of creating a thriving associate-practice owner relationship within the healthcare sector. In our first installment of this two-part series, we’re joined by Dr. Lisa Goodman, an expert in sports chiropractic and a seasoned practice owner. This episode is filled with invaluable insights aimed at both new graduates and seasoned professionals contemplating the next steps in their careers. **Key Points Discussed** 1. **Decision-Making in Career Pathways:** Dr. Goodman sheds light on the pivotal decision-making process that new graduates face as they consider whether to open their own practice, become an associate, or work as an independent contractor. Each path comes with its challenges and rewards, and this episode aims to clarify those for chiropractors and professionals in similar fields. 2. **Expectations vs. Realities:** One of the critical aspects covered is the expectation versus reality experienced by both associates and practice owners. Associates often enter the profession with high expectations of immediate success and flexibility, while owners expect new hires to boost practice revenue and workload management. 3. **Mutual Responsibilities and Growth:** The emphasis is laid on the mutual responsibilities both parties have in fostering a successful professional relationship. For associates, this means understanding their role in contributing to practice growth and being open to mentorship. For owners, it means providing clear expectations, fair compensation, and opportunities for professional development. 4. **Practical Guidelines for Associates:** Associates are advised to recognize the importance of gradual patient relationship building and the need to actively engage in marketing efforts. Dr. Goodman also highlights the notion of some shaping their careers as long-term associates, which can offer substantial professional satisfaction and financial security. **Takeaways** - **Balancing Expectations:** Understanding the perspectives and expectations on both sides helps bridge any gaps and fosters a more collaborative environment. - **Commitment to Growth:** Associates should be prepared for a gradual build-up of their patient base and be willing to work hard while seeking mentorship and guidance. - **Open Communication:** Effective communication between associates and owners regarding topics like compensation structure and professional responsibilities is crucial for long-term success. Be sure to join us for the next episode where we switch gears to focus on the practice owner's perspective, discussing compensation models, fair agreements, and maintaining a rewarding professional relationship. --- **Blog Post Part 2: Understanding the Owner's Perspective in Associate-Practice Dynamics** In this sequel episode of the FAKTR Podcast, Dr. Lisa Goodman returns to provide deeper insights into the relationship between associates and practice owners from the perspective of the latter. This episode dives into the nuances of compensation models, salary negotiations, and what makes an associateship truly rewarding. **Key Points Discussed** 1. **Compensation Structures and Fair Agreements:** Deep diving into the heart of associateship dynamics, Dr. Goodman discusses how compensation structures should be clearly defined and revisited periodically. Practices must ensure an explicit understanding with associates about pay reviews to prevent dissatisfaction and miscommunication. 2. **Legal and Contractual Nuances:** The conversation touches on the critical distinctions between associates and independent contractors, emphasizing that owners must adhere to legal definitions to avoid potential disputes around employment terms, such as unemployment eligibility and responsibilities. 3. **Owners' Responsibilities:** Owners are reminded of their responsibilities to mentor and support associates. Dr. Goodman stresses the importance of training, fostering trust, and providing a comprehensive introduction to new associates about the workplace expectations. 4. **Promoting and Inspiring:** Dr. Goodman advises practice owners to actively promote their associates to patients and support their professional journey within the practice. Inspiration and encouragement are key to nurturing a committed and motivated team. **Takeaways** - **Understanding Legalities:** Ensure that all employment contracts are crystal clear, and delineate between independent contractor roles and employee obligations. - **Consistent Communication:** Establish routines for regular check-ins and discussions about performance, expectations, and professional development. - **Mutual Trust and Support:** Building a foundation of trust where associates feel valued and owners feel secure in trusting them with patient care responsibilities. Stay connected with us for this in-depth episode that promises to equip both associates and practice owners with the strategies needed to cultivate a successful and mutually beneficial working relationship. Don’t miss it!

Blog posts for podcast website prompt - main points
✨ Preset prompt

1 / 1

Certainly! Here are three blog post summaries for three episodes based on the transcript provided: **Episode 1: Navigating the Path as an Associate vs. Practice Owner** In this episode, we delve into the realms of health care practice with a seasoned practitioner, Dr. Lisa Goodman. Garnering over nineteen years of experience, Dr. Goodman shares her insights on chiropractic as a top-tier profession and explores the complex choices awaiting new graduates in deciding whether to pursue ownership, work as an associate, or become an independent contractor. **Key Points Discussed:** - **Challenges and Opportunities:** Dr. Goodman highlights the various paths a new chiropractic graduate may take. Whether you're eyeing your own practice or considering an associate role, understanding the stakes is crucial. - **Financial Stability:** The discussion touches upon the financial implications tied to each career choice. Aspiring owners often face initial financial hurdles, whereas associateship promises a relatively steadier income stream. - **Learning Curve and Rewards:** There's a significant learning curve for new practitioners. Both paths can be rewarding, but the road differs greatly in terms of responsibilities and growth opportunities. **Takeaways:** - Understand what aligns best with your career goals. Assess whether you have the passion and drive for entrepreneurship or prefer the stability and mentorship that comes with being an associate. - Financial considerations are paramount. Be prepared for the financial sacrifices involved in opening a practice or the initial earnings of an associateship. - Recognize the value of mentorship and ongoing education for sustained career growth in chiropractic. **Episode 2: Crafting the Perfect Associate-Practice Owner Relationship** In this continuation, Dr. Goodman shifts her focus to the intricacies of building successful owner-associate relationships. With Denver, Colorado as a backdrop, she discusses her practice and speaks passionately about mentorship and community-based chiropractic care. **Key Points Discussed:** - **Successful Practice Elements:** Dr. Goodman illustrates how her practice thrives on meeting community needs, offering diverse modalities like massage and acupuncture, and maintaining patient-centered care. - **Mentorship's Role:** The significance of mentorship between owner and associate is underscored. Dr. Goodman argues for building robust relationships where associates feel valued and owners can balance operational duties. - **Owner and Associate Responsibilities:** She emphasizes shared responsibilities in creating a supportive environment that fosters both professional and personal growth. **Takeaways:** - Practices should strive to adapt and expand to meet patient needs while ensuring financial prudence by starting small. - An effective mentor-mentee relationship is vital. Foster open communication to address expectations and nurture young talent within the practice. - Value the associate's contributions and ensure equitable compensation and professional development opportunities, ultimately benefiting both sides of the equation. **Episode 3: Embracing Effective Compensation Models and Agreements** In the concluding episode of this series, Dr. Goodman pivots towards practical advice for practice owners, offering actionable strategies on compensation structures and agreements that respect associate needs while ensuring practice sustainability. **Key Points Discussed:** - **Compensation Conversations:** Dr. Goodman reviews compensation model nuances, advocating for transparent, fair, and comprehensible agreements that clarify responsibilities and growth paths. - **Roles of Independent Contractors:** The episode demystifies the roles of independent contractors and associates, emphasizing legal clarity and financial implications for both pathways. - **Sustaining the Relationship:** It's crucial to anticipate the eventual exit of an associate and focus on creating long-lasting, ethical, and supportive professional relationships. **Takeaways:** - Establish clear, fair compensation structures and set expectations early to avoid potential conflicts. - Understand the legal definitions and ramifications of hiring independent contractors to ensure compliance with employment laws. - Prepare for longevity by fostering a culture of support, trust, and shared purpose, aiming to inspire associates for mutual success. These episodes provide essential guidance for both new and experienced chiropractic professionals, tackling the nuances of growth, mentorship, and professional harmony.

curiosity, value fast, hungry for more
✨ Preset prompt

1 / 1

✅ Discover the secret to a thriving practice-owner relationship! ✅ Learn the strategies and tactics needed for a successful partnership between seasoned providers and new graduates. ✅ Join host Jessica Riddle and guest speaker Lisa Goodman as they dive into the world of healthcare practice growth, mentorship, and effective team dynamics. ✅ Whether you're a new graduate or a practice owner, this episode is packed with insights you won't want to miss. Tune in to the latest episode of the FAKTR podcast! 🎙️ #ChiropracticCare #HealthcareSuccess #FAKTRPodcast

✏️ Custom Newsletter
✨ Preset prompt

1 / 1

**Subject:** 🎧 Unlocking Success in Chiropractic: New FAKTR Podcast Episode Alert! Hello FAKTR Family! We’re thrilled to bring you another insightful episode of the FAKTR Podcast! This week, we’re getting down to business – literally – with the talented Dr. Lisa Goodman, as we explore strategies to build successful relationships between associate chiropractors and practice owners. **In This Episode, You’ll Discover:** 1. **The "Why" Behind Your Career Moves:** Dr. Goodman emphasizes the importance of identifying your "why" when choosing between opening your own practice, becoming an associate, or working as an independent contractor. 2. **Building a Trusting Relationship:** From the perspective of both the associate and the practice owner, trust and mentorship take center stage as vital components for a thriving practice. 3. **Financial Insights for New Graduates:** Dr. Goodman shares the realities of financial stability and what new graduates should realistically expect when entering the chiropractic field. 4. **Expectations Vs. Reality:** A deep dive into aligning the expectations of associates with the realities of practice ownership, ensuring both parties feel valued. 5. **The Mentorship Model:** How seasoned practitioners can be the guiding light for new chiropractors, and what mentees can do to maximize these relationships. **Fun Fact from the Episode:** Believe it or not, your greatest patient builders could be prenatal clients! They grow your patient base quite literally – one baby at a time. 👶 **Don't Miss Out!** Part one of this enlightening series offers key takeaways for anyone in the chiropractic field or those pondering their career paths in health care. Mark your calendars for Part Two, dropping in two weeks, where we’ll dive into compensation models and fair agreements. **Take Action Now:** If you love what you hear, share the knowledge! Like, follow, and share the podcast with friends and colleagues. And don't be shy – drop us a voice or text message at faktrpodcast.com with your feedback or topics you’d love for us to cover in future episodes. Dive into this episode and get ready to reshape your understanding of a thriving associate-owner relationship! Catch you on the next listen, [Your Name] from the FAKTR Podcast Team 🎙️ P.S. Remember to check out the show notes for links and exclusive offers from our sponsors!

🎓 Lessons Learned
✨ Preset prompt

1 / 1

Here are 10 key lessons from the episode, each with a concise title and description: 1. **Choosing the Right Path** Exploring practice ownership vs. associateship for new grads. 2. **Understanding Associates’ Expectations** What associates anticipate entering a new practice. 3. **Owners’ Hiring Rationale** When and why practice owners should hire associates. 4. **Independent Contractor Challenges** Define independent roles and the potential risks involved. 5. **Owners’ Responsibilities** Effective mentorship, training, and fostering trust within the practice. 6. **Associates’ Financial Reality** Realistic salary expectations and growth timelines for new associates. 7. **Effective Practice Marketing** Involving associates in practice growth through marketing and outreach. 8. **Building Mutual Trust** Keys to nurturing a beneficial owner-associate relationship. 9. **Structuring Pay and Benefits** Offering clear, competitive pay structures and benefits for associates. 10. **The Value of Mentorship** Enhancing professional growth through strong mentor relationships in the practice. These lessons provide a framework for understanding the dynamics of practice ownership and associateship, aiming to enhance professional satisfaction and success.

🔮 Custom Titles
✨ Preset prompt

1 / 1

Sure, here are some exciting titles for the episode based on the context: 1. **FAKTR Podcast: Lisa Goodman - Secrets to Mastering the Owner-Associate Dynamic in Chiropractic!** 2. **FAKTR Podcast: Lisa Goodman - Unlocking the Roadmap for New Grad Success in Chiropractic Practices!** 3. **FAKTR Podcast: Lisa Goodman - The Inside Scoop on Building a Thriving Chiropractic Team!** 4. **FAKTR Podcast: Lisa Goodman - Transform Your Practice: Powerful Strategies for Owner-Associate Harmony!** 5. **FAKTR Podcast: Lisa Goodman - Avoid Pitfalls! Top Tactics for Flourishing in Chiropractic Partnerships!** Feel free to use or modify these titles for the episode!

📓 Blog Post
✨ Preset prompt

1 / 1

**Title: Navigating the Associate-Practice Owner Dynamics in Chiropractic: Strategies for Success** **Subheader: Understanding Key Perspectives for Building Strong, Long-Term Relationships in Chiropractic Practices** The FAKTR Podcast recently delved into one of the most pivotal relationships in chiropractic practices: the dynamic between associates and practice owners. In this discussion, Lisa Goodman, a renowned chiropractor and seasoned entrepreneur, shared invaluable insights into striking a successful balance in these professional partnerships. Let's explore the key takeaways on building a thriving associate-owner relationship. **Why Choose to Be an Associate or Hire One?** An associate's journey often begins with the daunting decision between launching a personal practice or joining an established one. Goodman's advice centers around understanding personal priorities. For new graduates looking to concentrate on refining their clinical skills without the burden of administrative responsibilities, becoming an associate offers the needed support and mentorship without the immediate pressures of financial uncertainty. Conversely, practice owners should consider hiring an associate when their practice's growth outpaces their ability to manage alone or when seeking to broaden the practice's service variety. Bringing in an associate is not just about workload management or increasing revenue; it's a chance to expand one's professional mentorship footprint and ensure sustainability and growth for the practice. **The Independent Contractor Conundrum** Goodman raises critical considerations regarding the role of independent contractors (ICs) in chiropractic practices. They straddle a fine line between autonomy and team integration. While renting a room or being paid a service percentage has often been deemed convenient, it poses significant legal and organizational challenges. The clarity about role definitions and mutual expectations help both parties avoid potential pitfalls related to employment law and professional cohesion. **Expectations vs. Reality: The Associate Experience** Associates walking into new practice environments often carry expectations of immediate success, flexibility, and patient retention upon eventual departure. However, the reality Goodman points out is nuanced. New associates should brace for initial challenges, gradual patient relationship building, and understanding that work-life balance comes with time and experience. Owners, on the other hand, face the challenge of nurturing these expectations responsibly. By providing clear role descriptions, competitive compensation, and structured mentorship, they lay the groundwork for a mutually fulfilling work environment. While associates might fear underappreciation or financial under-compensation, open communication and regular performance reviews can mitigate these anxieties. **The Owner's Playbook: Building a Supportive Environment** Goodman's advice to practice owners underscores the delicate balance between leading effectively and creating an empowering workspace. Transparent compensation models, explicit performance indicators, and unambiguous job descriptions form the bedrock of a satisfying work relationship. Training is a shared responsibility. Beyond administrative orientation, clinical mentorship remains essential. Regular meetings to discuss patient cases, treatment plans, and professional development opportunities contribute to honing an associate's skills and deepening their investment in the practice. A cornerstone of lasting practice relationships, according to Goodman, is trust. Owners must wholeheartedly support associates, promoting their skills and contributions to the patient base, ensuring they feel like valued team members rather than temporary manpower. Moreover, emotionally intelligent leadership — involving empathy and engagement in their professional journeys — fosters a supportive culture that motivates associates to thrive within the practice long-term. **Preparing for the Inevitable Departure** Even while forging robust professional relationships, Goodman emphasizes a reality owners must prepare for — associates will eventually leave. Owners should focus on building transfer-friendly practices where the departure of an associate doesn't lead to patient attrition or service gaps. Creating an environment where associates feel inspired, heard, and appreciated might even encourage some to transition into long-term career associates, a beneficial outcome for all involved. **Conclusion** Building a successful associate-practice owner relationship takes intentional effort, open communication, and thoughtful consideration of each party's needs and goals. By establishing a solid foundation from the outset, chiropractic practices can benefit from productive, harmonious, and lasting professional partnerships that ultimately enhance patient care. Whether you're starting your career or looking to refine your practice's structure, Lisa Goodman's insights offer actionable steps toward shared success.

🧲 Lead Magnet
✨ Preset prompt

1 / 1

**Promotional Post:** 🎙️ Exciting news, FAKTR fans! Join us on the latest episode of the FAKTR podcast as we delve into the world of chiropractic and successful associate-practice owner relationships. Part 1 of our new business focus series is live now, featuring renowned speaker, author, and clinician, Dr. Lisa Goodman. In this episode, we explore the paths new graduates can take — from opening their own practice to joining as an associate or independent contractor. Dr. Goodman shares invaluable insights on career strategy, financial stability, mentorship, and what it means to truly thrive in the best profession in the world. Whether you're a seasoned provider or a new graduate stepping into the industry, this episode is packed with wisdom and actionable takeaways. 🌟 ✨ Listen now, and pave your path to a fulfilling and rewarding career in healthcare! **Lead Magnet:** 🎁 Get Your Free "Guide to Navigating Your Chiropractic Career: Insights from Dr. Lisa Goodman" 🎁 Are you a recent graduate or a seasoned professional looking to make your next career move in chiropractic? Unlock your potential with our exclusive guide based on the latest episode of the FAKTR podcast. This comprehensive guide offers you: - Expert advice on choosing between opening your own practice or becoming an associate. - Strategies for financial stability and long-term rewards in chiropractic. - Real-world insights into forming successful associate-practice owner relationships. - Tips on growing your practice without breaking the bank. 🚀 Download your free guide today and start your journey towards a thriving practice in the world of chiropractic! [Download Now]

📖 Host Read Intro
✨ Preset prompt

1 / 1

Hey there! Get comfy, because we're diving into the FAKTR podcast's latest episode with Dr. Lisa Goodman. We're talking all about the ups and downs of starting a healthcare practice, hiring associates, and how to find that sweet spot in the business. Whether you're a seasoned pro or fresh out of school, there's something in here for you. Let’s jump right in!

🔘 Best Practices Guide
✨ Preset prompt

1 / 1

In building a successful associate-practice owner relationship, here are some best practices: 1. Clearly Define Roles and Expectations: Articulate detailed job descriptions and set expectations upfront, including work hours and any additional responsibilities. 2. Offer Competitive Compensation: Ensure the pay structure is fair, transparent, and includes clear timelines for reviews and negotiations. 3. Embrace Mentorship: Provide regular training and mentorship to associates to foster their growth and ensure they feel valued and supported. 4. Build Trust: Trust is crucial for a strong relationship. Open, ongoing communication helps address concerns early. 5. Promote and Support: Actively endorse your associate to patients, and support their practice fully to foster a collaborative atmosphere. 6. Look Forward: Understand that associates may eventually leave. Set clear terms and focus on a mutually beneficial relationship while it lasts. These strategies can create a rewarding and sustainable working environment for both associates and practice owners.

1 / 1

Sure! Here's a quiz based on the content of the podcast episode "FAKTR podcast - Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1" featuring Lisa Goodman and hosted by Jessica Riddle: ### Quiz Questions: 1. **What is the primary focus of the FAKTR podcast episode featuring Lisa Goodman?** a) Sports techniques b) Strategies for chiropractic success c) Associate-practice owner relationship strategies d) Marketing for health professionals 2. **What certification does Dr. Lisa Goodman hold in addition to her chiropractic qualifications?** a) Certified Yoga Instructor b) Certified Nutritionist c) Certified Sports, Prenatal, and Pediatric Chiropractor d) Certified Acupuncturist 3. **According to Dr. Goodman, what is essential before hiring an associate?** a) A large marketing budget b) A strong reason for hiring c) A well-decorated office d) A dedicated HR department 4. **What is the potential downside Dr. Goodman mentioned about being an independent contractor (IC)?** a) Lack of flexibility b) No job security c) No unemployment or workers' comp insurance d) High administrative work 5. **According to Dr. Goodman, what is a common misconception associates have when entering a practice?** a) They will have a perfect work-life balance immediately. b) They need continuous mentorship. c) They will instantly understand all practice software. d) They will start with a full schedule. 6. **Dr. Lisa Goodman mentioned the importance of 'trust' in an associate-owner relationship. What did she say associates should show to gain this trust?** a) Transparency in patient care b) A great marketing strategy c) Consistent punctuality d) Regular feedback sessions 7. **What is Dr. Goodman’s stance on mentorship for new associates?** a) It's optional. b) It's essential and should be ongoing. c) It's the responsibility of the associates. d) It's best done through online resources only. 8. **Why does Dr. Goodman believe associates should eventually expect to leave a practice?** a) Because ownership is the ultimate goal. b) Due to low pay. c) Because associates typically move to start their practices. d) Due to limited growth opportunities. 9. **How does Dr. Goodman suggest practice owners should deal with associates' compensation discussions?** a) Discuss it monthly. b) Have a clear structure and discuss yearly. c) Avoid discussing compensation. d) Only increase compensation upon request. 10. **What does Dr. Goodman indicate about patients when a new associate joins a practice?** a) Patients will immediately prefer the new associate. b) Patient acceptance is gradual and may take time. c) Patients are indifferent to seeing new practitioners. d) Patients may leave the practice if an associate is hired. ### Answer Key: 1. **c) Associate-practice owner relationship strategies** *Rationale:* The episode focuses on the dynamics between associates and practice owners. 2. **c) Certified Sports, Prenatal, and Pediatric Chiropractor** *Rationale:* Dr. Goodman is certified in these areas in addition to being a Titleist Performance Institute certified. 3. **b) A strong reason for hiring** *Rationale:* Dr. Goodman emphasizes the importance of having a good reason to hire an associate. 4. **c) No unemployment or workers' comp insurance** *Rationale:* She explains the lack of these insurances for independent contractors. 5. **d) They will start with a full schedule.** *Rationale:* She mentions that associates often have the misconception of immediate full schedules. 6. **a) Transparency in patient care** *Rationale:* Trust in associates is crucial, and it often stems from how they manage patient care transparently. 7. **b) It's essential and should be ongoing.** *Rationale:* Mentorship is emphasized as a continual part of an associate's growth. 8. **c) Because associates typically move to start their practices.** *Rationale:* Associates often eventually leave to start their practices. 9. **b) Have a clear structure and discuss yearly.** *Rationale:* A structured and annual review is suggested for compensation discussions. 10. **b) Patient acceptance is gradual and may take time.** *Rationale:* Dr. Goodman discusses the gradual acceptance of new associates by patients. I hope this helps in understanding the key points from the podcast episode! Let me know if you have any questions.

📧 Podcast Thank You Email
✨ Preset prompt

1 / 1

Subject: Thanks for Sharing Your Wisdom on the FAKTR Podcast! Hey Lisa, I just wanted to drop you a quick note to say a huge thank you for coming on the FAKTR podcast! Your insights on building successful associate and practice owner relationships were truly enlightening and have definitely given our listeners some valuable nuggets to think about. The episode is now officially live! It was such a pleasure having you on the show, and I hope you enjoyed the experience as much as we did. I really believe your advice on mentorship, communication, and balancing those expectations will resonate with a lot of people in our field. If you have a moment, sharing the episode on your social media or engaging with related content can really help spread the word and reach even more folks who might benefit from what you shared. And, of course, any interaction goes a long way! Thanks again for being such a fantastic guest. Let's catch up soon—maybe over coffee this time instead of mics? 😊 Best, Jessica

🔑 Key Themes
✨ Preset prompt

1 / 1

Sure! Here are seven key themes discussed in the episode: 1. Associate-practice owner relationship dynamics 2. Decision-making: practice, associate, contractor 3. Responsibilities of practice owners 4. Financial expectations and stability 5. Mentorship and training importance 6. Compensation models and negotiations 7. Independent contractor versus employee roles

🎠 Social Carousel
✨ Preset prompt

1 / 1

**10 Tips Every Chiropractor Needs to Know** **1. Know Your Why** Always start with why you're doing what you're doing. Purpose guides success. **2. Clear Communication** Set clear expectations and communicate regularly to foster strong relationships. **3. Realistic Goals** Understand that growth takes time. Be patient with gradual acceptance and results. **4. Mentorship Matters** Seek mentorship to continuously learn, and if you're an owner, offer it. **5. Independent Contractor Caution** Be cautious with independent contractor roles; understand legal implications thoroughly. **6. Balance Work-Life** Remember to set boundaries to maintain a healthy work-life balance. **7. Expect Change** Be prepared for changes and transitions, like associates moving on. **8. Competitive Pay** Ensure pay structures are fair and clear for all parties involved. **9. Build Trust** Trust is key. Ensure it's strong and mutual between associates and owners. **10. Inspire Others** Always aim to inspire colleagues and contribute to the growth of the profession. **CTA: Learn More** Like, share, and follow us for more insights. Visit faktrpodcast.com for additional resources.

curiosity, value fast, hungry for more
✨ Preset prompt

1 / 1

✅ Dive into the secret sauce of a thriving healthcare practice relationship! ✅ Join host Jessica Riddle and guest speaker Dr. Lisa Goodman on the FAKTR Podcast as they unpack the dynamics between associates and practice owners. ✅ In this episode, get valuable insights for new grads and seasoned practitioners exploring the business side of chiropractic care. ✅ Learn strategies to enhance financial stability and much more in part one of this engaging series! Tune in now and elevate your practice game! 🎧✨ #FAKTRPodcast #ChiropracticBusiness #HealthcareSuccess

🎠 Social Carousel
✨ Preset prompt

1 / 1

Sure, here's a carousel idea for LinkedIn or Instagram based on the episode "Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1": **Slide 1: Cover Slide** "10 Tips Every Healthcare Professional Needs to Know" **Slide 2: Start Small** Begin with essential resources: your education, your hands, and your table. **Slide 3: Define Expectations** Clear job descriptions prevent misunderstandings. Always include and discuss responsibilities upfront. **Slide 4: Trust Is Key** Trust between associates and owners must be 100%. If doubts arise, address them immediately. **Slide 5: Owners Mentor** Owners should mentor associates, offering guidance and knowledge through weekly touch-bases. **Slide 6: Associate Commitment** Associates should expect hard work and gradual patient acceptance; growth takes time. **Slide 7: Fair Compensation** Both parties must agree on competitive pay structures, clear from day one. **Slide 8: Patients Transition** Expect gradual patient acceptance for new associates. Building trust takes time. **Slide 9: Independent Contracting** Be cautious with independent contractors; align roles clearly with legal definitions. **Slide 10: Final Slide CTA** Learn more strategies! Follow and share the FAKTR Podcast for more insights. Feel free to adapt these tips to fit your style and platform.

📖 Host Read Intro
✨ Preset prompt

1 / 1

Hey there! Welcome back to the FAKTR Podcast. Today, we're diving into the business side of chiropractic with the amazing Dr. Lisa Goodman, who's sharing her secrets to building a successful practice. Whether you're a seasoned pro or fresh out of school, this chat's packed with insights you won't want to miss. Let's get into it!

🎒 Session Worksheet
✨ Preset prompt

1 / 1

Sure thing! Here's a worksheet based on the topics explored in the episode "Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1" of the FAKTR Podcast. --- **Worksheet: Exploring Associate-Practice Owner Relationships** 1. **Understanding Expectations:** - Describe in your own words the expectations an associate may have when joining a practice. - Reflect on what an owner might expect from an associate. Why might these perspectives differ? 2. **Being Prepared for Relationship Dynamics:** - Identify two reasons why an associate might feel taken advantage of in a new role. - Discuss the owner's potential fear regarding their associate building a mini practice within their office. Why is this a concern? 3. **Assessing Roles and Responsibilities:** - List the key responsibilities of an owner when hiring an associate. Highlight which one you believe is most crucial and why. - What are reasonable expectations for an associate in terms of workload and growth? 4. **Comparing Work Structures:** - Summarize the three paths (ownership, associate, independent contractor) discussed in the episode. What are the potential benefits and drawbacks of each? 5. **Navigating Financial and Legal Aspects:** - Briefly explain the difference between an independent contractor and an employee. Why is this distinction important? - What are some financial expectations an associate might have when entering a new practice? How does this align with the owner's financial responsibilities? 6. **Reflection on Learning and Mentoring:** - Why is mentorship highlighted as significant in the associate-practice owner relationship? - Reflect on a time you received mentoring. How did it impact your work or learning experience? 7. **Case Study Analysis (Hypothetical Scenario):** - Imagine you're an associate in a growing chiropractic practice. Sketch out a short plan detailing how you would balance your desire for mentorship and your long-term career goals. - Now imagine you're the practice owner hiring an associate. Offer strategies for fostering long-term loyalty and career satisfaction within your practice. --- Use this worksheet to delve deeper into the discussions presented by Dr. Lisa Goodman and Jessica Riddle, and to build a thorough understanding of successful associate-practice owner relationships!

✏️ Custom Newsletter
✨ Preset prompt

1 / 1

Subject: Unlock the Secrets to a Thriving Chiropractor Career – FAKTR Podcast Episode Now Live! Hey there, FAKTR fam! We're thrilled to announce the release of a brand-new episode of the FAKTR podcast, and this one is a must-listen for anyone in the chiropractic field. Whether you're a seasoned practice owner or a fresh graduate entering the profession, this episode is packed with insights and tips just for you. **Introduction** Join our host Jessica Riddle as she chats with the amazing Dr. Lisa Goodman, an international speaker, author, mentor, and clinician with a heart for chiropractic care. With over 19 years of practice ownership and a passion for mentoring, Dr. Goodman walks us through the strategies and tactics for creating a successful associate-practice owner relationship. **Here are 5 key takeaways waiting for you:** 1. **Understanding the Role**: Discover why choosing to become an associate might suit you better than venturing into practice ownership right away. 2. **The Owner's Responsibilities**: Learn what practice owners should expect when hiring and mentoring an associate, from scheduling flexibility to creating a positive work environment. 3. **Navigating Financial Expectations**: Get a sneak peek into the realities of financial planning—whether you’re opening your own practice or joining as an associate. 4. **Defining Success**: Dr. Goodman talks about the delicate balance between feeling valued and ensuring financial stability in your professional journey. 5. **The Future of Chiropractic**: Dive into how mentorship and collective growth can shape a brighter future for the chiropractic community. **Fun Fact** Dr. Goodman is not only certified in sports and prenatal chiropractic care but is also a published author! Her book, "The Manual for the Chiropractic Entrepreneur," offers a unique perspective for anyone thinking about diving into this rewarding field. **Outtro** We hope you enjoy this insightful episode. Remember, this is just the first part of a two-part series, so there's plenty more to learn and explore. **Call to Action** Don’t miss out on these valuable insights! Be sure to tune in and subscribe to the FAKTR podcast on your favorite streaming platform. If you love what you hear, why not share the episode with a friend or colleague? And we’d love to hear your thoughts—send us a voice or text message on our website at faktrpodcast.com with any topics you’d like us to cover in the future. Dive into the episode now and let's create a thriving chiropractic community together! Best, The FAKTR Podcast Team

curiosity, value fast, hungry for more
✨ Preset prompt

1 / 1

✅ Unlock the Secrets to a Thriving Chiropractic Practice! ✅ Ready to explore the delicate dance between associates and practice owners? ✅ Join Jessica Riddle and Dr. Lisa Goodman on the FAKTR podcast as they dive into the highs and lows of healthcare practice management, revealing insights on financial stability, mentorship, and career growth! ✅ Whether you're an aspiring chiropractor or an experienced provider, this episode is packed with actionable tips for mutual success. Don't miss out! 🎧 Tune in now! 🩺 #FAKTRPodcast #ChiropracticCare #HealthcareGrowth

Conversation Starters
✨ Preset prompt

1 / 1

Here are some conversation starters for the Facebook group to generate discussion about this episode: 1. **Mentorship Value:** Dr. Lisa Goodman emphasized the importance of mentorship for associates. For those of you in associate positions, what has been your most valuable lesson from a mentor, and how has it impacted your career? 2. **Partnership Dynamics:** How do we balance the needs of practice owners wanting to grow their business with associates looking for work-life balance? What strategies have worked for you in creating a mutually beneficial relationship? 3. **Choosing the Right Path:** Dr. Goodman discussed the decision-making process for going into private practice, becoming an associate, or being an independent contractor. If you're a new graduate, which path are you leaning towards and why? If you're experienced, what would you advise new graduates to consider? 4. **Financial Realities:** The episode touched on the financial realities and expectations when joining a practice. How do you set realistic financial goals for yourself as an associate without sacrificing your growth and learning opportunities? 5. **Handling Patient Relationships:** For practice owners, how do you handle the transition of patient relationships when bringing in a new associate? How do you assure patients while also supporting your new team member? 6. **Career Associates:** Dr. Goodman mentioned the idea of career associates. What is your opinion on this? Do you see yourself as a career associate, or are you planning to open your own practice eventually? 7. **Training and Onboarding:** Dr. Goodman shared insights on the responsibilities of mentoring and training. For those who have trained new associates, what methods or tips do you find most effective in getting them up to speed? 8. **Independent Contractors:** The distinction between independent contractors and associates was discussed in detail. What are some of the challenges or benefits you've experienced when working as or hiring an independent contractor? 9. **Book Recommendations:** Dr. Goodman recently published a "Manual for the Chiropractic Entrepreneur." Has anyone had a chance to read it yet? If so, what insights or tips resonated with you the most? 10. **Expectations vs. Reality:** Dr. Goodman explored the mismatched expectations between associates and owners. In your experience, how can both parties align their expectations to foster a productive and positive working environment?

🎠 Social Carousel
✨ Preset prompt

1 / 1

**10 Tips Every Associate and Practice Owner Needs to Know** **1. Understand Your Role** Determine if being an associate, independent contractor, or owner suits your goals and strengths best. **2. Balance Expectations** Associates seek growth and flexibility; owners expect revenue and dedication. Align these expectations early on. **3. Communication Is Key** Open, regular communication fosters trust and resolves potential misunderstandings effectively. **4. Mentorship Matters** Associates benefit from learning, owners contribute by mentoring—mutual growth ensures long-term success. **5. Be Financially Savvy** Associates can expect consistent income; owners should ensure competitive pay and clear compensation structures. **6. Build Trust** A trusting relationship between associates and practice owners is essential for a healthy work environment. **7. Long-term Growth** Associates should expect gradual patient acceptance and commit to long-term career planning. **8. Independent Contractor Clarification** Understand the complexities and legal definitions to avoid potential pitfalls in employment agreements. **9. Evaluate Responsibilities** Owners should shoulder the recruitment, training, and trusting of associates for a thriving practice. **10. Stay Flexible** Both roles require flexibility. Associates must adapt; owners should accommodate personal growth and professional needs. **CTA: Connect With Us** Share your experiences and insights. DM us or visit faktrpodcast.com to join the conversation or suggest topics!

1 / 1

Sure, based on the FAKTR Podcast episode featuring Dr. Lisa Goodman, here is a 10-question quiz. I've included an answer key with rationale for each answer. ### Quiz 1. **What are Dr. Lisa Goodman's main areas of chiropractic specialization?** a) Pediatric and Sports b) Sports, Prenatal, and Pediatric c) Geriatric and Sports d) Prenatal and Geriatric 2. **According to Dr. Goodman, what is one benefit of being an associate chiropractor rather than opening your own practice?** a) You can work very little and earn a lot b) Consistent income and benefits c) Immediate success and numerous patients d) No additional training or mentorship needed 3. **What is Dr. Goodman's perspective on the financial aspect of opening your own practice immediately after graduation?** a) It's the most financially rewarding option from the start b) You make a lot of money right away c) It might lead to short-term financial struggles d) Financial stability is guaranteed 4. **What does Dr. Goodman suggest is a crucial element in the relationship between practice owners and associates?** a) Secrecy and autonomy b) Mutual respect and value c) Complete independence of roles d) Nonchalant engagement and distance 5. **What responsibilities does Dr. Goodman believe practice owners have when hiring an associate?** a) Only to provide a space to work b) To mentor, train, and support the associate c) To ensure the associate takes on all responsibility of the practice d) To monitor the associate without interaction 6. **Which type of chiropractic position does Dr. Goodman describe as having an unclear parameter and lacking team relationships?** a) Practice Owner b) Independent Contractor c) Associate Chiropractor d) Resident Chiropractor 7. **What is one of the biggest fears practice owners have about associates, according to Dr. Goodman?** a) Associates becoming too friendly with patients b) Associates having flexible schedules c) Associates building a mini practice inside the practice and taking patients when they leave d) Associates refusing to learn and grow 8. **Why should a practice owner wait to hire an associate until certain conditions are met?** a) To ensure they have enough waiting room space b) To make sure they have a good reason beyond just making money c) To guarantee immediate success for the associate d) Because it’s not important, hire whenever possible 9. **According to the podcast, what is a misconception some new graduates might have when starting as an associate?** a) They will have an extremely flexible schedule b) They will not have to market themselves c) All the work they do will move with them when they leave d) Their obligation to their employer is minimal 10. **What does Dr. Goodman indicate as a necessary behavior for practice owners toward their associates?** a) Skepticism and micromanagement b) Trust and open communication c) Dominance and strict rule-setting d) Passive observation ### Answer Key 1. **b) Sports, Prenatal, and Pediatric** *Rationale: Jessica Riddle mentions Dr. Goodman's certifications early in the transcript.* 2. **b) Consistent income and benefits** *Rationale: Dr. Goodman notes that consistent income is more likely as an associate versus starting a practice.* 3. **c) It might lead to short-term financial struggles** *Rationale: Dr. Goodman shares her own early struggle with making a modest income initially when she started her practice.* 4. **b) Mutual respect and value** *Rationale: The discussion emphasizes the importance of both sides feeling valued.* 5. **b) To mentor, train, and support the associate** *Rationale: Dr. Goodman highlights the importance of mentorship and support from the practice owner.* 6. **b) Independent Contractor** *Rationale: Independent contractors often have unclear job parameters compared to associates.* 7. **c) Associates building a mini practice inside the practice and taking patients when they leave** *Rationale: Dr. Goodman describes this scenario as a major concern for practice owners.* 8. **b) To make sure they have a good reason beyond just making money** *Rationale: Dr. Goodman advises waiting until there is a genuine reason, not just financial gain.* 9. **c) All the work they do will move with them when they leave** *Rationale: Associates may mistakenly believe that relationships and patients will follow them automatically.* 10. **b) Trust and open communication** *Rationale: Dr. Goodman stresses the importance of trust and communication between practice owners and associates.*

1 / 1

In the latest FAKTR podcast, Lisa Goodman dives into the dynamics of associate-practice owner relationships, offering insights for both new graduates and seasoned providers. Discover strategies for success in starting and growing a healthcare practice.

📧 Podcast Thank You Email
✨ Preset prompt

1 / 1

Subject: Huge Thanks for Joining Us on the FAKTR Podcast! Hey Lisa, I just wanted to drop you a quick note to say a massive thank you for coming on the FAKTR podcast. The episode is now live, and it's turning out to be a real hit! Your insights on navigating the associate-practice owner relationship were spot on, and we're already getting great feedback. It would be awesome if you could share the episode with your network. Engaging with content related to the episode on social media helps us reach more folks who could benefit from your expertise. Thanks again for everything, and hope to catch up soon. You were fantastic! Best, Jessica

Podcast two part halfway point
✨ Preset prompt

1 / 1

In determining a logical halfway stopping point for this episode, it's important to look for a natural transition or wrap-up in the discussion. Based on the transcript, a suitable stopping point would be right after Lisa Goodman talks about the responsibilities of practice owners, especially highlighting the need to inspire their associates. Here's the complete sentence that wraps up Part 1 nicely: "And if you aren't in there to inspire your associate, I think it's a lost opportunity." The time stamp for where Part 1 should end is [00:30:26]. Part 2 should begin right after Jessica Riddle introduces the next part of the conversation, which will shift the perspective to look through the lens of the practice owner: "That's it for today's episode. Be sure to tune in for part two of this series, where we shift our perspective to look through the lens of the practice owner, discussing compensation models, salary negotiations, and the key elements that make an associateship truly rewarding..." This starts immediately after the end of Part 1. Thus, Part 2 will begin after the [00:30:26] timestamp.

📓 Blog Post
✨ Preset prompt

1 / 1

**Title: Navigating the Chiropractic Associate-Practice Owner Relationship** **Subheader:** Strategies for Building a Mutually Beneficial Chiropractic Practice Environment The delicate balance between chiropractic associates and practice owners can sometimes be difficult to navigate. But understanding each other's needs, expectations, and responsibilities can pave the way for a successful and harmonious relationship. In this article, we explore insights shared by Dr. Lisa Goodman on the FAKTR Podcast to better understand how to foster a productive associate-practice owner dynamic. **Understanding the "Why" for Associates and Owners** Before diving into the logistics, it’s crucial to evaluate the motives behind becoming an associate or hiring one. For recent chiropractic graduates, joining a practice as an associate can offer financial stability, mentorship, and the opportunity to focus solely on patient care without the burden of managing a business. On the other hand, practice owners may seek to hire an associate to fulfill increased patient demand, expand services, or enhance financial growth. Both associates and owners need to clearly articulate their "why" to align on common goals. **Expectations vs. Reality in the Associate Role** Associates may enter a practice expecting immediate success, flexible working hours, and the autonomy to take their patient base with them if they decide to leave. However, the reality is often a little different. Success as an associate typically comes from hard work and dedication, and patient relationships build slowly over time. Moreover, the expectation of maintaining patient relationships after leaving a practice may not always align with legal and practical considerations. Dr. Goodman emphasizes that with the evolution of social media, patients will likely find a chiropractor they wish to follow, minimizing the necessity of non-compete clauses. **Responsibilities of Practice Owners** Owners who decide to bring an associate into their practice face several responsibilities. They must ensure a legitimate need for the associate's role and provide competitive compensation. It's vital that the compensation structure is transparent and reviewed periodically to prevent dissatisfaction. Additionally, owners should ensure an accurate job description is in place, encompassing all potential duties, and they must commit to mentoring and training their associates. Trust plays a pivotal role; if doubts arise, clear communication is key to maintaining a harmonious workplace. Practice owners are also urged to actively support and promote their associate's expertise and inspire them towards continuous professional growth. **Building a Sustainable Practice Partnership** The ideal scenario for both associates and owners is one where the relationship is viewed as mutually beneficial. Communication should be open and ongoing, with both parties taking steps to ensure that expectations are aligned from the outset. Associates should set realistic goals for their growth and development, while practice owners should regularly evaluate their practice's growth and tailor responsibilities accordingly. With clear communication, defined roles, and shared goals, a successful, lasting partnership can be established, benefiting not just the practice, but the patients and community it serves. **Conclusion** The associate-practice owner relationship in chiropractic can indeed be symbiotic when both parties are attuned to each other’s needs and challenges. By focusing on mutual respect, understanding, and clear communication, chiropractic practices can thrive, offering enhanced care and improved patient outcomes. For a deeper dive into this topic, catch Part 2 of the FAKTR Podcast series, where Dr. Goodman discusses nuances of compensation models and effective negotiation strategies for associates. Whether you’re an associate starting out or an experienced practitioner considering expansion, these insights could be crucial for charting your path to success.

Blog Post with three parts
✨ Preset prompt

1 / 1

**Part 1: Navigating Your Path in Chiropractic: Choosing the Right Career Avenue** **Subheader: Understand the diverse paths within chiropractic and how to decide the best fit for you.** **Understanding the Chiropractic Landscape** Launching a career in chiropractic offers an array of professional routes, each with its own set of challenges and rewards. From the outset, practitioners must decide between opening their own practice, working as an associate, or taking on the role of an independent contractor. Each option presents its own advantages, considerations, and impacts on long-term career goals. **Opening Your Own Practice** Starting your own practice can be a daunting task but comes with the benefit of being your own boss. It offers autonomy over operations, patient care, and the ability to create a brand aligned with your vision. However, it requires a robust understanding of both chiropractic and business management. The initial years may be financially challenging, often requiring investment not only in physical infrastructure but also in marketing to establish a robust patient base. Yet the long-term financial rewards and the satisfaction of building something from the ground up are substantial motivators for many. **Opting for an Associateship** Associateships provide an excellent opportunity for new chiropractors to gain hands-on experience without the burden of running a business. It allows practitioners to focus on patient care while benefiting from a stable income and often additional perks such as health benefits and continuing education opportunities. The challenge is often integration into an existing practice and carving out a niche without stepping on existing toes. Nonetheless, for those interested in learning and mentoring, an associateship can be deeply fulfilling and a strategic step in long-term professional development. **The Independent Contractor Path** Acting as an independent contractor offers another route. This role requires individuals to manage their own administrative tasks while still working under the umbrella of an existing practice. It provides flexibility and less rigidity in terms of schedules, potentially allowing practitioners to work with multiple practices. However, it also lacks the security of consistent income and removes the opportunity for direct mentorship seen in associateships. Careful consideration of contract terms and tax obligations is essential to navigate this path successfully. **Conclusion: Making an Informed Decision** Each career path in chiropractic brings unique experiences and learning opportunities. Whether you choose to be an independent contractor, an associate, or start your own practice, understanding your personal and professional goals is crucial. Align your career choice with where you see the most growth potential—financially, professionally, and personally—and where your passion for patient care can truly thrive. --- **Part 2: Strategies for Successful Practitioner-Owner Relationships** **Subheader: Explore the dynamics that make practitioner-owner relationships productive and mutually beneficial.** **Building a Foundation of Mutual Respect** Strong, lasting relationships between practitioners and practice owners are essential for mutual growth and productivity. This begins with a foundation of respect, valuing each other's contributions, and a shared vision for patient care. Establishing clear boundaries and expectations can prevent misunderstandings and ensure smooth daily operations. **Effective Communication Channels** Clear communication is pivotal in developing practitioner-owner relationships. Regular meetings to discuss patient care, share insights, and align on practice decisions can foster a collaborative work environment. Providing and receiving feedback openly encourages a culture of continuous improvement, where both parties feel heard and valued. **Shared Goals and Expectations** Aligning on common goals impacts everything from business strategy to patient satisfaction. Practitioners and owners should collaborate when setting practice targets to ensure that objectives benefit both parties. Understanding the financial and educational growth expectations from both sides helps in negotiating fair compensation and benefits. **Mentorship and Professional Development** Mentorship plays a significant role in practitioner-owner dynamics, especially for new graduates. Owners who invest in training and growth opportunities for associates not only enhance practice efficiency but also contribute to a nurturing and supportive environment. This investment often translates into higher job satisfaction and retention. **Maintaining Work-Life Balance** Sustainably managing workloads and maintaining a healthy work-life balance is critical for preventing burnout. Owners should be mindful of scheduling practices that allow associates the flexibility they need, while associates should actively communicate any challenges they face in balancing their responsibilities. **Conclusion: Cultivating Lasting Partnerships** The practitioner-owner relationship is a partnership that, when managed thoughtfully, can lead to individual and collective success. By fostering mutual respect, maintaining open communication, and supporting professional development, both parties can create a thriving and harmonious work environment. --- **Part 3: Financial Considerations in Chiropractic Practices** **Subheader: Delve into the financial implications and compensation structures within chiropractic practices.** **Understanding Compensation Models** Compensation in chiropractic practices varies widely and can include salary, commission, or a combination. Each model presents its own implications for job satisfaction and financial stability. Understanding the nuances of each can help practitioners negotiate terms that align with their financial needs and career aspirations. **Salary vs. Commission-Based Pay** Salaries offer financial predictability and security, often accompanied by benefits such as health insurance and paid time off. Conversely, commission-based pay provides potential for higher earnings based on performance. For motivated practitioners who thrive in results-driven environments, commissions can be highly attractive but come with higher financial risk. **Bonuses and Incentives** Incentive structures are essential in motivating practitioners to meet or exceed practice goals. These can include performance bonuses, profit sharing, or continuing education stipends. All parties must agree on clear parameters and metrics for these incentives to be effective and equitable. **Negotiating Fair Agreements** Whether entering a new job or renegotiating terms, understanding what constitutes a fair agreement is crucial. This includes evaluating base pay, commission structures, benefits, and any non-compete clauses. Practitioners should leverage industry benchmarks and personal career goals to ensure they receive competitive compensation matching their contributions. **Navigating Long-Term Financial Planning** For long-term success, both practitioners and owners must engage in strategic financial planning. This involves budgeting, forecasting, and understanding the impact of market trends on practice viability. Owners should focus on sustainable growth strategies, while practitioners must weigh earnings potential against job stability. **Conclusion: Building a Financially Rewarding Career** In the chiropractic field, being attuned to financial practices and structures can significantly influence job satisfaction and career trajectory. By understanding compensation models, negotiating fair agreements, and engaging in proactive financial planning, practitioners and owners can build economically sustainable and rewarding careers.

One Blog Post from full Webinar
✨ Preset prompt

1 / 1

**Title: Navigating the Chiropractic Career Path: Choosing Between Practice Ownership and Associateship** **Sub-header: Unlocking the Puzzle of Career Choices in Chiropractic** Embarking on a career in chiropractic care presents a myriad of choices and challenges, particularly when deciding between opening a private practice and working as an associate. Both paths offer unique opportunities and demand specific considerations to ensure lasting success and job satisfaction. **Opening Your Own Practice** For those with a passion for entrepreneurship and a keen interest in shaping their vision, owning a practice can be a rewarding endeavor. However, it's vital to understand the responsibilities that accompany this role. Practice ownership requires managing a broad spectrum of tasks, from payroll and inventory management to addressing the inevitable leaks and plumbing issues. Beyond clinical expertise, a certain level of business acumen is necessary to navigate these challenges. Potential practice owners should also consider whether they have the financial cushion to endure the initial years of limited income. Owning a practice offers long-term benefits, but it often takes time to establish a solid patient base and financial stability. Thus, weighing these factors alongside one's personal and professional goals is crucial. **Choosing an Associateship** Working as an associate can be an ideal option for those devoted solely to patient care without the added administrative burdens. This path allows newly graduated chiropractors to focus on developing their clinical skills within a supported environment. An associate role often includes the security of a consistent income and possibly benefits, which can be immensely appealing in the early stages of a career. Beyond the financial stability, associateships provide valuable mentorship opportunities, bridging the gap left by the absence of formal residency programs in chiropractic education. Some chiropractors may also consider remaining associates throughout their careers, prioritizing work-life balance and professional growth within a collaborative practice setting. **The Independent Contractor Route** Opting to work as an independent contractor introduces a different set of dynamics. While this affords greater autonomy and flexibility, it often involves a lack of team support and defined structure. Independent contractors navigate unclear parameters, such as patient scheduling, website presence, and financial arrangements. It's crucial to ensure that the role aligns with one’s entrepreneurial spirit and clarity in the contract, particularly regarding financial obligations and insurance. **Responsibilities of Practice Owners and Associates** Regardless of the path chosen, successful relationships between practice owners and associates hinge on mutual understanding and clear communication. Owners are encouraged to wait until their practice warrants expansion before hiring an associate. They should offer competitive pay structures with transparent terms, providing consistent mentorship and valuing their associates' contributions. Building trust, supporting ongoing education, and promoting associates within the practice are key to fostering a rewarding work environment. Conversely, associates should enter these roles prepared to work diligently, meet the expectations of gradual patient acceptance, and contribute to practice growth through marketing efforts. Understanding the realities of effort, commitment, and learning curves involved will set the stage for a fulfilling career. **Conclusion: Charting Your Chiropractic Journey** Choosing between practice ownership, associateship, or independent contracting involves careful consideration of both personal goals and industry dynamics. Weigh the immediate job responsibilities against long-term aspirations and financial implications. Regardless of the path, maintaining strong professional relationships built on trust and communication is essential for both practice owners and associates. Whether aiming to create a flourishing standalone practice or become a key player in a collaborative team, chiropractors have a wealth of opportunities to make a lasting impact on their profession and patient care.

🔑 Key Themes
✨ Preset prompt

1 / 1

Sure thing! Here are 7 key themes from the episode: 1. Associate-practice owner relationships 2. Decision-making for new graduates 3. Importance of mentorship 4. Financial stability considerations 5. Responsibilities of practice owners 6. Benefits of being an associate 7. Potential challenges in chiropractic practice If you have any more questions or need further details, feel free to ask!

🔑 Key Themes
✨ Preset prompt

1 / 1

Sure thing! Here are 7 key themes discussed in this episode of the FAKTR podcast: 1. Associate vs. Practice Owner Decisions 2. Importance of Mentorship in Practice 3. Financial Realities for New Associates 4. Benefits and Drawbacks of Independent Contracting 5. Associate Expectations in a Practice 6. Owner Expectations for Hiring Associates 7. Building Trust and Communication

Short Form Content Script
✨ Preset prompt

1 / 1

Welcome to another exciting episode of the FAKTR podcast. I'm your host, Jessica Riddle, and today we're diving into the first part of an insightful two-part series on navigating the world of healthcare practice ownership and associateships. Our guest, Dr. Lisa Goodman, brings a wealth of experience to the table, with nearly two decades as a practice owner specializing in sports, prenatal, and pediatric chiropractic. She's here to help unravel the complexities and opportunities that come with choosing the right path, whether it's opening your own practice, becoming an associate, or even considering the route of an independent contractor. In this episode, Dr. Goodman stands by the idea that chiropractic is incredibly rewarding and believes in the power of mentoring new graduates as they step into the profession. From the realities of financial stability to the essential decision-making needed for a successful practice, we're covering it all. A bit about Dr. Goodman—while based in Denver, Colorado, she runs an incredibly successful community-based practice, Washington Park Chiropractic, and has developed a fascinating perspective on small business growth and mentorship. In her book, "The Manual for the Chiropractic Entrepreneur," Dr. Goodman discusses her journey and provides a resourceful guide for anyone considering opening a practice or redefining their current strategies. Whether you're just starting out or looking to refine your career path, this episode holds some valuable nuggets to inform your career decisions. Stay tuned for an engaging discussion that could reshape your approach to professional growth and partnerships. Let's dive right in!

1 / 1

In today's FAKTR Podcast, Dr. Lisa Goodman explores the dynamics of associate-practice owner relationships. Learn about the responsibilities, the decision-making process of choosing your career path, and how to build mutually beneficial relationships. Listen now!

Objectives and Take Aways
✨ Preset prompt

1 / 1

Title: FAKTR Podcast - Strategies for a Successful Associate-Practice Owner Relationship: Part 1 Introduction: In this episode, Dr. Lisa Goodman joins the FAKTR podcast to offer valuable insights into the dynamics of building strong relationships between healthcare providers, especially within a chiropractic practice. With her extensive experience in sports and prenatal chiropractic, Dr. Goodman provides practical strategies to improve practice management, foster professional growth, and ensure mutual success in associate-practice owner relationships. Objective: The objective of this episode is to guide healthcare providers through the decision-making process of either opening their own practice, becoming an associate, or becoming an independent contractor. By the end of the episode, attendees will: 1. Think Succinctly: - Evaluate the reasons and motivations for becoming an associate, owner, or independent contractor. - Understand the importance of work-life balance and long-term career satisfaction. - Recognize potential challenges, like financial stability and patient relationships, when transitioning roles. 2. Feel Empowered: - Gain confidence in making career decisions aligned with personal goals and professional strengths. - Feel validated in seeking mentorship as a valuable step in career growth. - Be inspired by the possibilities of a rewarding career in chiropractic care or any healthcare practice. 3. Act Practically: - Choose the right role (associate, owner, or independent contractor) based on personal and professional readiness. - Implement clear, transparent expectations and agreements to build trust and clarity in professional relationships. - Engage in ongoing education and mentorship for continuous improvement and fulfillment in practice. Killer Call to Action: Now, it's time to act on Dr. Goodman's invaluable advice and take steps toward solidifying a successful career in healthcare. Whether you're considering your first role in the field or reevaluating your current path, embrace the opportunity to build lasting, fulfilling professional relationships. Start with defining your career goals, evaluating your strengths, and clarifying your expectations and responsibilities in any role you choose. Remember, a fulfilling healthcare career is within your reach. Set clear goals, seek mentorship, and continuously learn to grow your practice and reduce the risks of dissatisfaction. The journey to a rewarding professional life starts now.

Quotes and Soundbites
✨ Preset prompt

1 / 1

Certainly! Here are some impactful quotes from Lisa Goodman's discussion that encapsulate key insights and can be used for promoting the podcast episode: 1. "There's no shortcuts to growth in our profession. There's no shortcuts to growth in any profession." - This quote can be combined with an image of a winding road symbolizing the path to success, emphasizing persistence and hard work. 2. "If a person looks like an employee, they are probably an employee." - This quote can be combined with an image highlighting legal definitions and clarity, like a scale or a gavel, underscoring the importance of proper classification in employment. 3. "We all have a responsibility in making that team happen." - This quote can be combined with an image of a cohesive team working together, such as a group huddle or people assembling puzzle pieces, emphasizing teamwork and collaboration. 4. "If you're not best suited for it yet, there's plenty of time for that later." - This quote can be combined with an image of a clock or a calendar, representing the idea that career paths evolve over time and it's okay to wait for the right moment. 5. "Make sure that your pay structure is easy to understand, very clear." - This quote can be combined with an infographic depicting a transparent and simplified pay structure, highlighting the value of clarity in compensation agreements. Remember to ensure the visuals convey professionalism and align with the tone of the podcast, using suitable fonts and colors to match the message of each quote.

Pain Points and Challenges
✨ Preset prompt

1 / 1

Title: Navigating the Path to a Successful Associate-Practice Owner Relationship in Healthcare Introduction: The journey of starting and growing a healthcare practice can be filled with both opportunities and challenges. In this episode of the FAKTR podcast, Dr. Lisa Goodman sheds light on the critical dynamics of associate-practice owner relationships in the healthcare industry. This guide delves into the pain points and solutions explored in the episode, offering valuable insights for both new graduates and seasoned professionals looking to build successful careers in healthcare. 1. Understanding Associate and Practice Owner Expectations: A significant challenge discussed is aligning the expectations of associates and practice owners. Dr. Goodman highlights the importance of establishing clear communication and setting realistic expectations from the start. - **Solution:** Conduct thorough discussions during the hiring process to clarify roles, responsibilities, and mutual expectations. - **Advice:** Develop a detailed job description that outlines all duties and responsibilities, preventing miscommunications and misunderstandings later. 2. Balancing Financial Stability and Growth: The financial aspects of choosing between associating or starting a practice can be daunting for new graduates. - **Solution:** Evaluating the pros and cons of each path regarding financial stability and long-term rewards is crucial. - **Strategy:** For those leaning towards opening their own practice, starting small and progressively expanding based on community needs can be beneficial. - **Tip:** Consider becoming an associate initially to gain practical experience and financial stability while learning the ropes of running a practice. 3. Importance of Mentorship and Continuous Learning: The lack of formal residency programs in chiropractic emphasizes the need for mentorship in early career stages. - **Solution:** Associates should seek out positions where mentorship is a clear component of the practice, offering continuous learning opportunities. - **Strategy:** Practice owners should foster an environment of growth by providing structured mentorship and training, focusing on areas like patient care and business operations. 4. Trust, Communication, and Relationship Building: Trust issues and communication barriers between associates and owners can hinder the growth and sustainability of the relationship. - **Solution:** Establish clear lines of communication and ensure trust through transparency and fairness in dealings. - **Advice:** Practice owners are encouraged to support and promote their associates, backing them up entirely to enhance patient and professional relationships. Conclusion: Creating a successful associate-practice owner relationship in healthcare requires understanding, communication, and alignment of mutual goals. By embracing mentorship, setting realistic expectations, and fostering trust, both associates and practice owners can nurture a harmonious and productive work environment. Whether you are an aspiring healthcare professional or an experienced provider, these strategies can guide you toward a rewarding and thriving career in the healthcare industry. Remember, the path to success is paved with collaboration and mutual respect.

📖 Host Read Intro
✨ Preset prompt

1 / 1

Hey there, it's time for another dive into the FAKTR podcast! This episode is all about navigating the healthcare profession, whether you're fresh out of school or a practice owner looking to shake things up. We've got the awesome Dr. Lisa Goodman dropping her wisdom on the ins and outs of successful associate-owner relationships. Perfect for those wanting to make the most out of their chiropractic journey. Let's jump in!

💌 Cold 3 touch email sequence
✨ Preset prompt

1 / 1

Sure, here is a 3-touch email sequence based on the content of the podcast transcript: **Email 1:** - **Subject:** Thinking about starting or joining a practice? - **Pre-header:** Here's a fresh perspective on your next career move. - **Email:** Hey there, We just released part one of a new series on the FAKTR podcast, featuring Dr. Lisa Goodman. If you're at a crossroads, deciding whether to open your own health care practice or join as an associate, this episode is a goldmine of insights. Dr. Goodman shares real-world advice on navigating your professional path. **CTA:** Check out the episode here and kickstart your journey: [Insert Episode Link] --- **Email 2:** - **Subject:** How to grow in your health care career! - **Pre-header:** Tips on practice management and mentorship. - **Email:** Hello! Our podcast series with Dr. Lisa Goodman covers essential strategies for making the associate-practice owner relationship work. Learn what to expect, how to mentor effectively, and create a successful work environment, whether you're just starting out or looking to optimize your practice. **CTA:** Listen to the episode now and take the next step in your career: [Insert Episode Link] --- **Email 3:** - **Subject:** Ready to level up your practice skills? - **Pre-header:** Find the keys to success in our latest podcast. - **Email:** Hi! Don't miss the latest on successful practice management with Dr. Lisa Goodman. We're diving deep into expectations, responsibilities, and how to build mutually beneficial relationships in your practice. It's everything you need to elevate your game in the health care industry. **CTA:** Tune in today: [Insert Episode Link] Feel free to adjust the episode link and any other personalized elements as needed!

curiosity, value fast, hungry for more
✨ Preset prompt

1 / 1

✅ Are you ready to unlock the secrets to a successful associate-practice owner relationship? ✅ Join host Jessica Riddle as she dives deep into this critical topic with renowned chiropractic expert, Dr. Lisa Goodman. ✅ In this episode of the FAKTR Podcast, discover the challenges and opportunities of starting and growing a healthcare practice from multiple perspectives. ✅ Get ready for valuable insights and actionable takeaways to help you thrive in your chiropractic career journey. Listen now to gain a fresh perspective and jumpstart your professional growth! 🎧 #FAKTRPodcast #ChiropracticJourney #HealthcareSuccess #CareerGrowth

FAKTR Podcast Intro
✨ Preset prompt

1 / 1

If you're venturing into the realm of private practice or looking to refine your career strategy within healthcare, understanding the dynamics of building successful professional relationships is crucial. In today's episode, we delve into the nuances of the associate-practice owner relationship, an essential component of establishing a thriving practice and securing a rewarding career path. Be prepared to explore the crucial decision-making process between opening your own practice, working as an associate, or taking the independent contractor route. Dr. Lisa Goodman will walk us through the nuances of financial stability, the learning curve involved, and the long-term rewards associated with each path. What should new graduates expect when entering an associateship, and how can practice owners create mutually beneficial environments? We'll dig into these questions with insightful perspectives on maintaining a strong team dynamic. Our guest presenter, Dr. Lisa Goodman, brings a wealth of experience as a sports chiropractor, practice owner, and dedicated mentor. Known internationally as a speaker, author, and educator, she shares her vision for fostering strong professional relationships within chiropractic and beyond. Join us as we explore strategies to flourish in this unique professional landscape.

Key Themes in Part 2
✨ Preset prompt

1 / 1

In Part 1 of this 2 episode series, we'll explore: - The key decision-making factors for new graduates when choosing between opening a practice, becoming an associate, or working as an independent contractor - The expectations and realities for both associates and practice owners in cultivating a successful working relationship - The responsibilities practice owners have in mentoring and supporting new associates to foster growth and trust within the practice - Strategies for associates to manage expectations and successfully integrate into an existing practice while planning for their professional future

Create an E-Book with Key Take-Aways
✨ Preset prompt

1 / 1

To transform the one-hour webinar recording into an engaging and informative ebook, follow this detailed prompt for extracting and organizing the content: ### Step 1: Analyze the Webinar Content **Listen and Take Notes**: - Carefully go through the transcript provided from the "FAKTR podcast - Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1". - Highlight key themes, insights, takeaways, and action items. - Identify impactful quotes, statistics, or examples shared by the speakers, Lisa Goodman and Jessica Riddle. - Note any major pain points or challenges addressed. **Audience Interaction**: - If there were Q&A sessions or polls mentioned in the transcript, incorporate these for practical context. ### Step 2: Ebook Content Structure 1. **Title Page** Recommend 5 Title Options: - "Building Dynamic Healthcare Teams: Insights from the FAKTR Webinar" - "Navigating Associate-Practice Owner Relationships: Strategies for Success" - "Healthcare Practice Growth: Aligning New Graduates and Seasoned Professionals" - "From Graduate to Partner: Building Effective Chiropractic Practice Relationships" - "Chiropractic Team Dynamics: Strategies for Growth and Success" Subtitle: "A Guide to Understanding the Associate-Practice Owner Relationship" 2. **Table of Contents** - Introduction - Key Themes - Insights - Take-Aways - Action Items - Conclusion 3. **Introduction** Introduce the importance of the topic discussed in the webinar and its relevance for healthcare providers. For instance: - "Understanding the dynamics between associates and practice owners is critical in crafting a successful healthcare career. This ebook provides insights from the FAKTR podcast to aid both new graduates and seasoned practitioners in making informed decisions." 4. **Key Themes** Summarize the main topics from the webinar: - **Choosing the Right Path**: Exploring whether to open a practice, work as an associate, or become an independent contractor. - **Financial Realities**: Delving into the economic implications of each career path. - **Mentorship Importance**: Understanding the role of mentorship in professional growth. - **Balancing Expectations**: Aligning the goals of associates and practice owners. 5. **Insights** Analyze the significant insights shared: - For example, Lisa Goodman emphasizes the long-term benefits of being an associate and highlights mentorship importance. - Include quotes or statistics, such as the average earnings and growth timeline for new practitioners. 6. **Take-Away Messages** List actionable takeaways: - Be clear about career goals and financial expectations. - Cherish mentorship opportunities as they often lead to growth. - Engage in open communication to align expectations within teams. 7. **Action Items** Provide practical recommendations: - Schedule regular meetings between practice owners and associates for open dialogue. - Encourage ongoing professional development through workshops and seminars. 8. **Conclusion** Reinforce the value of the insights shared in the webinar, motivating readers to reflect on their career choices and relationships within the practice. ### Step 3: Formatting - Ensure sections flow logically, maintaining a professional tone suitable for healthcare providers. - Consider adding visuals or infographics to illustrate key data points for enhanced engagement later. **Optional Enhancements**: - Include speaker bios to further introduce Lisa Goodman and Jessica Riddle. - Add a call-to-action inviting readers to listen to the podcast or explore related resources for further learning. By following these steps, you can craft a well-organized ebook that distills the key messages and insights from the podcast, providing actionable guidance for your audience.

🖍️ Step-by-Step Guide
✨ Preset prompt

1 / 1

In the delicate dance of chiropractic care and business management, balance is key Too often, new graduates and seasoned practitioners alike miss the note... It’s not about immediate success—it’s about cultivating relationships! Here are 12 strategies for building successful associate-practice owner partnerships: 1. Embrace the learning curve ↳ Be patient with gradual patient acceptance ↳ Invest time in growing your knowledge 2. Communicate expectations clearly ↳ Define job responsibilities up front ↳ Set timeframes for compensation reviews 3. Value mentorship ↳ Offer guidance and training generously ↳ Be open and eager to learn from others 4. Trust and support ↳ Fully back your associate or owner ↳ Communicate any concerns with empathy 5. Prioritize flexibility for all ↳ Balance work-life for both associates and owners ↳ Respect each other's time and commitments 6. Engage in mutual marketing efforts ↳ Contribute to practice growth together ↳ Share innovative ideas and strategies 7. Recognize the long-term potential ↳ Consider career associateships ↳ Grow together for mutually beneficial success 8. Foster a positive work environment ↳ Celebrate achievements, big or small ↳ Maintain open channels for feedback 9. Be transparent ↳ Discuss future goals and transitions openly ↳ Protect against unrealistic expectations 10. Encourage continuous development ↳ Support growth through further education ↳ Share resources and networking opportunities 11. Acknowledge shared fears ↳ Understand both sides have concerns ↳ Work proactively to address these issues 12. Cultivate inspiration ↳ Inspire with shared vision and passion ↳ Uplift through encouragement and collaboration The greatest practices thrive and grow through mutual respect and understanding. What other principles would you include? 🌟 Share this insight if you believe in the power of partnership

E-Book Generator Simplified
✨ Preset prompt

1 / 1

I'm sorry for any confusion, but I can only provide information directly related to the FAKTR Podcast episode you've provided. If you'd like help with creating content directly from the provided podcast transcript, I can assist with that. Based on the transcript from the FAKTR Podcast episode "Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1," here's a structured outline for transforming it into an ebook: **Title Page** - **Title:** Thrive Together: Building Effective Associate-Practice Owner Relationships - **Subtitle:** Insights and Strategies for Chiropractic Professionals - **Author:** Dr. Lisa Goodman - **Date:** [Insert webinar date] **Table of Contents** 1. Introduction 2. Key Themes - The Decision Dilemma - The Expectations Gap - Building Effective Relationships 3. Insights 4. Takeaways 5. Action Items 6. Conclusion **Introduction** The FAKTR Podcast episode, hosted by Jessica Riddle and featuring Dr. Lisa Goodman, delves into the critical dynamics between associates and practice owners in the healthcare sector. This ebook captures the essence of their discussion and provides essential insights for both new graduates and seasoned practitioners. **Key Themes** 1. **The Decision Dilemma** - Examining paths: own practice, associate, or independent contractor. - Understanding financial stability and learning curves. 2. **The Expectations Gap** - Expectations of associates vs. owners. - Navigating misunderstandings and aligning goals. 3. **Building Effective Relationships** - Importance of mentorship and communication. - Trust and support as foundational elements. **Insights** - Dr. Goodman's emphasis on mentorship and mutual respect. - Potential pitfalls and realities facing both associates and practice owners. - The economic and relational rewards of strategic partnerships. **Takeaways** - Build with mentorship in mind. - Clarify roles and expectations upfront. - Foster open lines of communication. - Align financial and growth goals. - Be proactive in seeking and providing feedback. **Action Items** - Associates: Identify your preferred career path and seek mentorship. - Owners: Determine readiness for hiring and draft clear job descriptions. - Both: Engage in regular discussions about expectations and compensation. **Conclusion** This comprehensive discussion emphasized the importance of strategic partnerships in healthcare. By understanding each other's expectations and fostering trust and support, practitioners can cultivate enriching and prosperous professional relationships. Feel free to adapt this structure further based on your precise needs or the additional content you might have.

Look back with key points and time stamps
✨ Preset prompt

1 / 1

Here are five impactful lessons from Dr. Goodman in the episode "FAKTR podcast - Strategies and Tactics for a Successful Associate-Practice Owner Relationship, Part 1": 1. **The Importance of Alignment in Goals and Expectations** (Timestamp: 00:01:58 - 00:03:27) Dr. Goodman discusses the need for strong relationships and value alignment between practice owners and associates, emphasizing the importance of mutual responsibilities to foster a successful work environment. 2. **Recognizing When to Hire an Associate** (Timestamp: 00:08:50 - 00:09:31) Understanding the right time to expand by hiring an associate is crucial. Dr. Goodman outlines the conditions under which practice owners should consider taking this step, such as increased patient load and the desire to offer new services. 3. **The Value of Being an Associate** (Timestamp: 00:10:35 - 00:11:24) Dr. Goodman encourages new graduates to consider being an associate as a step to gain more knowledge and experience without the immediate pressures of owning a practice. 4. **Clarifying the Role of an Independent Contractor** (Timestamp: 00:12:47 - 00:14:28) Dr. Goodman provides a detailed explanation of independent contractors and the importance of understanding their role, responsibilities, and legal implications within a practice. 5. **Employers' Responsibilities in Supporting Associates** (Timestamp: 00:25:56 - 00:29:40) The responsibility of employers to offer competitive compensation, clear job descriptions, and ongoing mentorship is crucial to ensure associates feel supported and can thrive in their roles. These timestamps should give you the clips you need to highlight these key insights in your look-back episode.

Post-Webinar Wrap-Up (After Show Shorty Episode)
✨ Preset prompt

1 / 1

Welcome to our post-webinar wrap-up episode of the FAKTR Podcast. I'm your host, Jessica Riddle, and today we're going to dive into the key takeaways from our recent episode featuring Dr. Lisa Goodman. In our recent discussion with Dr. Goodman, we explored the complex dynamics between associates and practice owners in the healthcare field, specifically within chiropractic practices. Now, let's break down the core insights and actionable strategies presented by Dr. Goodman: **1. Clarity on the Associate Role:** One of Dr. Goodman's key points was the importance of understanding the distinction between different practice roles - whether you're opting for ownership, an associate position, or an independent contractor role. Clinicians must assess their personal and professional goals carefully to choose the best fitting path. As Dr. Goodman stressed, becoming an associate can be ideal for those wanting to focus on patient care without the administrative overload that comes with running a practice. This clarity can help prevent career dissatisfaction and burnout. **2. The Mentor-Mentee Relationship:** Dr. Goodman emphasized the significance of mentorship in professional growth. Providers should seek out opportunities to learn from seasoned practitioners to enhance their skills and patient care strategies. For practice owners, Dr. Goodman suggested creating a robust mentorship environment to attract and retain talented associates. This mutual owner-associate engagement fosters a healthy, thriving practice culture that benefits all parties involved, from the owners to the patients. **3. Fair Compensation Models:** Compensation is a major factor in these working relationships. Dr. Goodman highlighted that both parties should have open discussions about financial expectations and structuring fair compensation models. She advised setting transparent salary expectations and schedules for renegotiations to avoid misunderstandings and ensure alignment. From a business perspective, this transparency promotes stability and can preserve the morale and productivity of associates, enhancing the practice's overall efficiency and reputation. **4. Understanding Legal and Employment Boundaries:** The episode touched on the nuanced relationship of independent contractors versus employees. This is a vital consideration as it influences tax implications, legal responsibilities, and employment benefits. Dr. Goodman urged providers to clearly delineate these roles to prevent legal complications down the road. For associates, understanding the legal aspects of their position can protect their rights and help them make informed employment decisions. **5. Leveraging Opportunities for Growth:** Finally, Dr. Goodman discussed the entrepreneurial aspect of growing a practice. For those inclined toward ownership, understanding market demands, and being responsive to community needs—whether that involves diversifying services or enhancing patient care offerings—can greatly impact practice success. **The Impact on Healthcare Providers:** For those outside the clinical space, these points underline the importance of strategic human resource management and offer insights into how a supportive and well-structured work environment can retain talent and improve healthcare delivery outcomes. From a business perspective, a well-managed associate-owner relationship reduces turnover rates, ensures patient satisfaction, and strengthens the practice's market standing. To wrap up, understanding these dynamics and actively implementing the strategies discussed can dramatically elevate a practice's development and personal fulfillment within your career. As we move forward, we encourage healthcare providers to reflect on these elements and recognize the opportunity for growth and stability they present. Thank you for tuning into this wrap-up episode. If you're interested in applying these insights directly to your practice or career, be sure to listen to the full episode with Dr. Lisa Goodman. And, of course, share this with your colleagues who might benefit. Until next time!