Episode #113

20/20 Money Episode # 113 – Hiring an Associate That Stays: The Importance of Culture

January 4, 2021

On this episode, I talk with Dr. Ted McElroy. Ted has owned his practice for the last 27 years, is one of the hosts of EyeCode Media’s podcast, and is also a Vision Source Administrator for the southern part of GA and north-central part of FL. In today’s episode, we use one of our clients as a case study that kicked off the process of hiring an associate in your practice—and hiring an associate that STAYS in your practice. Ted shares with us how he identifies and interviews associates in his practice, great questions to ask during the interview process, a simple exercise to help build trust with your existing team, and great questions to ask your team to give you feedback on how you can show up as a better leader in your practice.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, you can also set up a 20-30 min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, be intentional about their cash flow, and invest wisely or check out any number of additional free resources like our eBooks and on-demand webinars.

And with that introduction, I hope you enjoy my conversation with Dr. Ted McElroy.

Resources:

Vision Driven Leader Book

Working Geniuses by Pat Lencioni (WIDGET)

The Advantage by Pat Lencioni

Episode Transcript

Enjoy our content? Subscribe for regular updates!

Related Podcasts

  • Practice Management
20/20 Money Episode #281 -Hiring an associate full time vs easing into it: the discussion, numbers, and mindset for optometry practice owners with Nathan Hayes

Welcome to this episode of 20/20 Money! My guest on today’s show is Nathan Hayes from IDOC.  Nathan joins me…

  • Practice Management
20/20 Money Episode #280 – A pay structure that works for optometry partnerships with Kurt Steele

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Kurt Steele, OD. Kurt joins me…

  • Practice Management
20/20 Money Episode #279 – How a hyper-effective, right-fit team can increase your profitability: a follow up convo with Dr. Mike Neal, OD

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Mike Neal, OD. Mike is the…

  • Practice Management
20/20 Money Episode #278 -Reconciling a successful succession plan with a growing practice with Dr. Kurt Steele, OD

Welcome to this episode of 20/20 Money! My guest on today’s show is Dr. Kurt Steele, OD. Kurt is one…

  • Practice Management
20/20 Money Episode #277 – Using a cash balance plan strategies when you sell your practice with Charlie Steingas of Cash Balance Actuaries, Inc.

Welcome to this episode of 20/20 Money! My guest on today’s show is Charlie Steingas, founder and chief actuary at…