Are you ready to take control of your business and avoid costly firing mistakes? In this episode of the Financial Beast Podcast, Eric Miller teams up with employment law expert Devora Lindeman to tackle one of the most challenging aspects of running a practice: hiring and firing employees the right way. Learn how to protect your business, maximize the value of your practice, and build personal wealth by ensuring you’re compliant with employment laws and staying lawsuit-free.

Devora shares actionable tips on setting employee expectations, creating effective job descriptions, and developing performance management strategies that empower you to confidently address workplace issues. Whether you’re a veterinarian, dentist, or healthcare practice owner, this conversation is packed with insights designed to help you take back control, protect what you’ve built, and expand your business.

Don’t let poor practices or fear of firing hold you back from achieving financial freedom. Make sure your policies, procedures, and compliance strategies are solid so you can focus on growing your wealth and becoming a true Financial Beast.

If you’re ready to start your journey toward financial success, visit WealthForPracticeOwners.com to access resources, connect with financial specialists, and even download Eric’s free book, "How to Become a Financial Beast." Your path to financial freedom starts here! Like, subscribe, and share this video to help more practice owners thrive.

#settlementagreements #freeemploymentcontract #workplaceterminationadvice #employmentcontracts #wrongfultermination

CHAPTERS:

00:00 - Intro

01:59 - Getting Started in Employment Law

07:48 - Employee Management Concerns

11:51 - Challenges in Employment Law

15:16 - Legal Ways to Fire Employees

22:57 - Understanding At-Will Employment

23:45 - Immediate Termination Reasons

25:39 - Employee Chances and Fairness

30:02 - Importance of Probationary Periods

33:38 - Conducting Performance Reviews

35:50 - Proper Documentation Practices

38:30 - Preparing for Worst Case Scenarios

41:05 - Financial Risks of Poor Documentation

46:10 - Employment Practices Liability Insurance (EPLI)

47:54 - Connecting with Devora

_________________________________________________________________________________

If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

Get Social With Us!

LinkedIn: https://www.linkedin.com/company/econologics

Facebook: https://www.facebook.com/econologicsfinancial

YouTube: https://www.youtube.com/@FinancialBeast

Twitter: https://twitter.com/FinancialBeasts

Instagram: https://www.instagram.com/financialbeastmode/

Website: https://econologicsfinancialadvisors.com/

Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.