Beyond Principals and Associates: An exploration of different ownership models 

Following discussions with many therapists over the years about the challenges of retaining, motivating and rewarding associates, this workshop explores some alternatives. We have an exciting line-up - an experienced commercial lawyer, an approachable and interesting accountant (that took some searching for!) and James from Painless Practice. 

Here's what past participants have said:

'Attending the Beyond Principals and Associates day has made me realise that a 'contract/exit strategy plan' is flexible and can be tailored to suit Principals & Associates' specific needs. I feel empowered to communicate with colleagues more effectively.' 

 'Attending the Beyond Principals and Associates workshop helped me to ask questions of myself and empowered me to choose the appropriate model for my business. Nice and knowledgeable people on the panel - straight-talking, no nonsense, friendly, industry-specific knowledge' 

'Attending the Beyond Principals and Associates day provides an opportunity to talk to professionals about difficult business decisions in a safe environment. It stimulated new ideas and ways of structuring your business and motivating associates. It was a relaxed day and provided an opportunity to discuss similar issues with other practitioners. All four presenters made a difficult subject sound easy.' 

The day provides an opportunity for a small group of practitioners to explore how they can work better with existing associates, and find a manageable exit plan beyond the simple 'sell up and stop work'. 

Rationale

Practitioners perennially struggle to retain and reward good associates - without employment contracts or common equity share models seen in other sectors, many principals live in fear that good associates will desert the practice and open in competition nearby.

Whilst not creating immunity to this risk, ownership models in other sectors seem to more easily align the long term interests of owners and colleagues. What can the therapy professions learn from others, and what are the implications of the various choices?