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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 …
Investors and other buyers looking to purchase a chiropractic business often email us to ask “Can a non-chiropractor own a chiropractic practice?” The quick answer is that in approximately half of the states, it is legal for a non-chiropractor to own a chiropractic practice. And of course, that means that the other half of the states do not permit non-DC …
If you are looking to purchase a chiropractic practice, undoubtedly you have seen classifieds advertising Chiropractic Practice For Sale with Owner Financing. Like many prospective buyers of a chiropractic office, this naturally catches your attention. From a marketing or seller’s perspective, a “chiropractic practice for sale with owner financing” ad is designed to pique your interest in the business for …
Many chiropractors are uncomfortable or inexperienced with the logistics of buying a chiropractic practice or starting one from scratch. As a result, some docs stay in lousy associate positions for longer than they need to. Fortunately, buying a chiropractic practice or making the decision to move in another direction doesn’t have to be a mystery! In this webinar, Dr. Tom Necela …
If you are looking to buy or sell a chiropractic practice in the near future — or if you are looking to grow your practice now — the recent Federal Reserve rate cut should definitely interest you because it likely will impact the chiropractic practice financing interest rates for the business you are interested in buying or selling. Grammatically, I …
