Has anyone seen this type of business model within small firm/solo practice Forum

[Inhousefuture]

hello, I know of a woman who is credentialed in a helping profession and an expert at a certain specialty within it (think clinical social work, marriage counseling, physical therapy, occupational therapy etc). She is not the best at practicing the profession herself, but is good at:

A. Finding competent professionals to provide the actual service

B. Creating a great clinic.

C. Networking and selling the services to some HNW people.

As a result, she makes mid six figures, but since she does not always come into the office she is able to work essentially part time (even taking weeks off) and devote her time to her family.

My questions are:

1. Has anyone seen any solo/small firm owners full off something similar: Build up a business with other people working full time, work essentially part time themselves enabling them to spend time with their family?

2. If so, how much was their annual income and how much was the annual income of their employees?

Thanks

[The Lsat Airbender]

Yes, this is what being a "rainmaker" law-firm partner essentially is. Compensation and hours vary wildly, from doing this at a V5 to hanging one's own shingle in a suburb of Louisville or Colorado Springs. You need to have legit people skills, hustle, and ideally some preexisting connections in the community you want to serve.

[1styearlateral]

Aren't you just describing most solo/small firms? If you can generate business and hire the right people to do the substantive work, yes, of course you can build this kind of business and lifestyle.

[Anonymous User]

hello, I know of a woman who is credentialed in a helping profession and an expert at a certain specialty within it (think clinical social work, marriage counseling, physical therapy, occupational therapy etc). She is not the best at practicing the profession herself, but is good at:

A. Finding competent professionals to provide the actual service

B. Creating a great clinic.

C. Networking and selling the services to some HNW people.

As a result, she makes mid six figures, but since she does not always come into the office she is able to work essentially part time (even taking weeks off) and devote her time to her family.

My questions are:

1. Has anyone seen any solo/small firm owners full off something similar: Build up a business with other people working full time, work essentially part time themselves enabling them to spend time with their family?

2. If so, how much was their annual income and how much was the annual income of their employees?

Thanks

Like others said, this just sounds like a generic small practice. The trade-off is that the less work you do and the more you pay an employee, the less you take home. And hustling for clients can also be time consuming and most people aren't good at it. But if you have connections in a place or a specialty, this could be a reasonable way to go if you don't mind the inherent risk of being an entrepreneur.