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One of the biggest myths that gets in the way of a successful chiropractic practice sale or transition is the thought that “I can sell anytime.” Most chiropractors are aware of their own mortality enough to realize that one big risk of waiting to sell your chiropractic practice (or transition to your associate) is that none of us can cheat …
If you are considering selling a chiropractic practice, coronavirus is probably one of the big concerns that you have as a chiropractor. Perhaps you are even wondering if it is possible to sell during such a time – or if anyone is buying? Here is some good news! Yes, it is absolutely possible to be selling a chiropractic practice amidst …
If you are still waiting on or seeking funds in the PPP or EIDL Disaster programs for Chiropractors (and other small business owners too), the last week or so has seen a lot of activity — and there’s hope on the horizon! First, as we reported earlier, some COVID-19 programs ran out of money. Specifically, the PPP loan program was …
If your chiropractic practice has been impacted by COVID-19 (and whose hasn’t?!), you may want to check out the ERC Tax Credit for Chiropractors. Here’s why: As of April 16, 2020 the SBA announced that there is no money left for chiropractors in the Paycheck Protection Program (PPP). The announcement certainly is not limited to doctors of chiropractic, as there …
The topic of Economic Disaster Relief Loans for Chiropractors (and everyone else) is storming every news channel, podcast and social media outlet right now in the wake of the Coronavirus crisis. Yes, I understand that these Economic Disaster Relief Loans for Chiropractors are much needed in many cases, but I’m not convinced that these programs are the appropriate …
One of the most common questions we get from prospective buyers in ANY season is whether this a good time to buy a chiropractic practice. Prospective chiropractic buyers pose this question in any and every marketplace during every economy because every buyer (and seller) wants to be able to “time the market” so that they can get the best deal …
Although there is debate on whether the two characters of the Chinese word for crisis mean “danger” and “opportunity,” the concept is certainly applicable in respect to how chiropractic stands within the Coronavirus situation. Obviously, the threat of Coronavirus in chiropractic brings both danger and challenges to our patients, our business and our community. But with it, we chiropractors have …
“How will Coronavirus affect buying a chiropractic practice?” is one of the big questions we are receiving from interested buyers who are considering purchasing a chiropractic practice. Naturally, chiropractors want to know how the current coronavirus crisis is going to impact a potential chiropractic purchase and sale. Fair warning – even though you are probably sick of getting emails or …
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If you are looking to buy a chiropractic business and seeking chiropractic practice financing, there are some important factors that will contribute to your success or failure to find a purchase loan. Understandably, many chiropractors have little experience or knowledge with respect to chiropractic practice financing. It certainly wasn’t a topic taught to us in chiropractic school. So most DC’s …
