Is Owning A Clinic Still Worth It? | GYC Podcast 381

Well, I did a little bit of research, just a little bit, on what is the definition of worthwhile? I thought maybe we could unpack that.

And Cambridge Dictionary says, something is important, useful, or valuable enough to spend your time, money, or effort on.

I'm sure each of you have had this experience.

I've had this experience.

And I think every clinic owner we've worked with has had this experience where they've asked themselves the question, is it worth it? I'm sure you've experienced this too, where you've explicitly or implicitly sort of had that floating around.

And I'm interested, Nick, when those moments have come up for you, how have you answered the question, is owning a clinic still worth it, especially when it gets tough?

Uh, I go back to the time, money, freedom, adding a fourth that Jack has given us his meaning.

And so I kind of look into those four areas.

Is it, is it worth my time? Is it worth the money? Is it worth the freedom? Is it worth the meaning? And I've had probably two points in my career where I've really asked that question in a At all times, two to three of those were coming through fairly strongly.

And it was maybe that one of them wasn't so much.

And at all times, I gave myself a year deadline.

I'm like, you got to hang in there for a year.

And if you can fix it, good.

If not, get out.

And every time I've had those moments, it's been fixed.

What were those two to three times where you seriously questioned it, it sounds like?

We had a whole team at a clinic turnover, including some seniors.

Meaning they resigned? They exited the

clinic? Yeah, yeah, yeah.

So a leader resigned and then the two juniors under that leader were like slap in the face.

Like, you guys say your culture is great.

These core values, I move none of that.

And I'm like, that's probably the hardest conversation I've ever had in 13 years.

Yeah.

Um, and then simultaneously buying out my business partner.