20/20 Money Episode #151 – Adding an associate: why, when, and how with Dr. Steve Vargo, OD

On this episode of 20/20 Money! My guest on today’s show is Dr. Steve Vargo.

Steve joins me on the show to discuss a challenge and stepping stone that practice owners may eventually find themselves reaching: how to step out of their business and delegate leadership-type tasks and responsibilities to someone else on your team. Steve’s experience not only as a practicing OD but also as a leadership consultant for IDOC gives him a very informed and well-rounded perspective on this challenge. He’s a student of leadership develop and also an author on the topic (links below).

In this conversation, Steve and I talk about how to think about the process of removing yourself from the “messy middle” of practice ownership. Steve shares 5 areas that impact leadership at the practice level, we talk about why it’s important to think about developing your team instead of training them, the three P’s that make up any organization, and the quick test you can do to determine if you’re the best person for the task at hand.

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 20-30min Triage conversation to learn a little bit more about how we help ODs around the country reduce their tax bill, manage cash flow, and make proactive money decisions 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. Steve Vargo.

IDOC

Eyes On Eyecare (formerly New Grad Optometry/Covalent Careers)