Starting a Practice With Friends? Ask These Questions First | Sit and Stay Podcast

Tom breaks down the hard conversations friends and partners need to have before starting a mental health practice together. We cover ownership, leadership, profit, long-term goals, and how to handle disputes before they become real problems. If you’re thinking about going into business with someone else, this episode is a strong reality check. -- Sit and Stay is presented by RipsyTech, a behavioral health EHR built by a child psychiatrist for the realities of clinical care. Book a demo: https://www.ripsytech.com/demo Facebook:   / ripsytech   Linkedin:   / ripsy-technologies   -- 0:00 Introduction 4:43 What are some expectations partners need to align on before opening a practice? 9:38 How can partners in a practice decide who will run the clinic's operations? 12:03 How can disagreements between partners be resolved effectively? 15:43 What are the different roles and titles that partners in a company can assume? 18:18 What happens when one partner starts underperforming on obligations? 23:02 How well should you know someone before partnering with them? 28:03 What are some key points to discuss as partners before starting a practice? 29:20 A word from Rai 30:00 The Mental Health Business Moment Of The Week 33:25 Conclusion