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Chiropractors who are looking to sell or transition their practice often start by asking “How much is it worth?” It’s a great question – but the better answer often depends on WHO this question is posed to. The question and the conversation typically goes like this: I am thinking about selling my chiropractic practice and was wondering what it is …
Looking for a chiropractic associate job or looking to hire a chiropractic associate as a part of your practice’s transition strategy? Here are a few things you need to consider — regardless of which side of the fence you are on! Young chiropractors are quickly becoming more risk-averse thanks, in part, to the $200,000 debt burden some of the new …
There’s one common question that goes through a lot of doctor’s minds as they prepare their transition — regardless of whether you are planning to transition sooner or later, sell, hire an associate, whatever it may be. The question I get often is this: Should I sell my building with my practice? There is no definitive answer that applies across …
Are you thinking about buying a chiropractic practice rather than starting as an associate or starting from scratch? You’re not alone! The number of chiropractors looking to buy a chiropractic practice has been steadily increasing over the last several years — for a few good reasons. But there are also a few important things to know before you go down …
Statistics can certainly be misleading and when you analyze the average income of chiropractors, they are certainly no exception. But, because your salary is so important to you – whether you are the owner of your own practice or an associate – we’re going to crunch some numbers so you can see where you stand compared to your chiropractic peers. …
When it comes time to transition or sell your chiropractic practice, it’s understandable that every owner wants to get top dollar for their business. For many chiropractors, our business is our baby. Our patients are like an extended family or friends. We’ve put years of blood, sweat and tears into building this entity up and we can see the value …
I frequently get questions from docs who are looking to place an associate chiropractor wanted for buyout ad – and aren’t quite sure about some of the buyout details. Interestingly enough, we get an almost equal number of questions from the other side of the fence – from DC’s who have responded to an associate chiropractor wanted ad – and …
In Part 1 of the Chiropractic Practice Sale Marketing Mistakes to avoid segment, we discussed some common mistakes chiropractors make when attempting to attract a buyer or prospect. Admittedly, it’s not an easy task to find a perfect fit for your practice style, location, timing, price and all the other criteria that will make a great match for your sale …
Unfortunately, there are many goofs and blunders you can easily make when selling a chiropractic practice or transitioning your business. Today, we’re going to discuss the first of a series of chiropractic practice sale marketing mistakes that can have disastrous consequences on your chiropractic practice sale or transition. The first mistake most chiropractors make in marketing is to Under-Promote (if …
One question many chiropractors face when nearing their desired retirement or transition goals is simply this: “is it a good time to sell a chiropractic business?” As most DC’s are familiar with stock market surges, a buyer or seller’s market in real estate and similar “timing” issues where one looks to capitalize on the trend of the day, it makes …
