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If you are planning a future chiropractic practice sale or transition next year (or within the next three years), there are some strategies that you can employ at the end of the year to better position your business for the eventual sale or transition. The good news is that they are relatively simple moves that can be done quickly. The …
Renting Space can be a chiropractic practice sale mistake that some chiropractors will make during the course of their transition, but the Space for Rent scenario is a particularly deadly error you want to avoid — unless you want to permanently ruin your chances for an eventual office sale. Since chiropractors who are looking to sell or transition their chiropractic office …
As chiropractic business owners, the holidays are not always the best times for our bottom line. While we all enjoy a little rest and a break from the usual routine, missed days, missed appointments and scheduling nightmares threaten to put a damper on the holiday season for many. But with some proactive steps and a bit of planning it doesn’t …
For most chiropractors, there comes a point in their chiropractic career that they ask the question: should I buy a chiropractic practice or should I build one from the ground up? Bad Ways to Buy OR Build While there is no “right” answer to the above question, there are some universally bad factors that can influence your decision, so let’s get …
While it’s no secret that many chiropractors enter the profession a significant amount of student debt, your chiropractic student loans will not stop you from buying a practice. Yes, you read that right — the number of zeroes after your student loans do not scare off bankers and lenders who are familiar with chiropractic practice acquisitions. Here’s why: Any lender …
To chiropractors on both sides of the fence, a chiropractic non-compete agreement is often a hotly contested issue. For a business owner that is seeking to employ an associate chiropractor, there are obvious practical advantages of having a non-compete agreement, plus the experience learned in the school of hard knocks that basically teaches that non-competes are pretty much indispensable. After …
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 …
Despite what happens in the offices of many or most chiropractors, there IS a science to setting your chiropractic fees. Sadly, many chiropractors create their fee schedule based on fear, haggling or a random throw of the dice. In today’s post, we will discuss the strategic science of setting your chiropractic fees for profit and positioning. Here’s why and how: …
Chiropractors looking to exit the profession or transition into a different situation frequently contact us or attend one of our webinars to discover how to sell a chiropractic practice. It is certainly tempting to try to sell your practice yourself, especially if you look at a chiropractic practice broker’s commission or transition consultant’s fee as an expense that will decrease …
