Episode 130

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Published on:

23rd Mar 2024

Episode 130: How To Build & Sell A Thriving Group Practice [featuring Dan King]

If you're a group practice owner, the thought of selling your business has undoubtedly crossed your mind more than you'd probably like to admit. During this episode of the All Things Private Practice Podcast, I talk with Dan King of Fireside Strategic about how to create and cultivate a group practice that you can scale and grow.

Dan and I both emphasize the importance of cultivating a cohesive culture and how to ensure that you sell your business to someone who will keep things intact.

Some important takeaways were:

  1. How to increase employee morale and employee retention. The better you treat your staff, the more likely it is that they remain loyal to the group and are much more invested in the outcomes.
  2. How you should look at your business as an asset, and how to ensure that you have an exit strategy, instead of just packing up shop and all of your hard work.
  3. How to prioritize people over profit, and why this leadership style leads to increases in profits across the board, ensuring a win-win for employers and employees.

More about Dan:

Dan King is the founder of Fireside Strategic. He has an unusual background at the intersection of law, psychology, and investing. He began his career in corporate law at one of the world's largest law firms, focusing on mergers and acquisitions. Following a rapidly growing interest in entrepreneurship, he next moved to the Shark Tank TV show working for one of the investors draft contracts, do due diligence on deals, and helping the companies grow post-investment. He noticed many of the companies struggled to grow due to leadership, team, and psychological challenges and that he was drawn to those challlenges more than legal challenges. So he left law and went back to school to study org psych. He built a few companies before starting Fireside, a private equity firm in mental health. Fireside's focus is culture, acquiring and growing practices by treating clinicians like gold.

Dan focuses on selling a psychology group practice, improving group practices, creating exceptional culture in a group practice, and highlighting why mental health matters.

Fireside Strategic is looking to buy 400k EBITDA and up practices.

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About the Podcast

The Neurodivergent Entrepreneur
Honest conversations about building a business while Neurodivergent, the self-doubt, the chaos, and everything in between.
The Neurodivergent Entrepreneur is a podcast for ADHD, Autistic, and all other neurodivergent entrepreneurs who are building businesses, creative work, and lives that actually fit how their brains work. Hosted by Patrick Casale, LCMHC, this show is for people who
want to create meaningful work, create outside of the box, grow their impact, and build something sustainable without losing themselves in the process.

Being a neurodivergent entrepreneur can feel like holding a lot of contradictions at once. You may have big ideas, deep passion, creative energy, and a strong desire to do things differently. You may also be navigating burnout, masking, self-doubt, perfectionism, rejection sensitivity, executive dysfunction, inconsistent energy, and the pressure to keep showing up when your capacity is already stretched. This podcast speaks to that reality honestly, because building a business around your brain, your values, and your lived experience can be powerful, complicated, messy, and deeply personal.

Patrick Casale is a chronically ill, AuDHD, mental health therapist, entrepreneur, TEDx speaker, event host, group practice owner, and neurodivergent business owner who has built, grown, burned out, pivoted, and kept going. His work brings together clinical insight, lived experience, business perspective, and real conversation about what it actually takes to create something that feels values aligned. His conversations are direct, compassionate, unfiltered, and practical, with room for both the emotional reality of entrepreneurship and the concrete decisions that shape a sustainable business.

New episodes drop every Wednesday and feature honest conversations with neurodivergent entrepreneurs, creators, therapists, business owners, and leaders. Together, Patrick and his guests explore entrepreneurship, identity, mental health, chronic health,
creativity, leadership, systems, money mindset, visibility, community, sustainable growth, and the behind-the-scenes reality of creating work that matters.

Build your dream business. Protect your capacity. Work with your brain instead of against it.