Below you'll find a list of all posts that have been categorized as “Chiropractic Exit Strategy”
Do you literally want to chase prospects away when transition your chiropractic practice? Of course you don’t. So if you are trying to hire an associate, to sell your practice or find the perfect prospect who may someday transition to ownership of your business, there are some subtle (and some not so subtle) things you need to fix FAST before …
Many chiropractors think the biggest frustration in their chiropractic practice sale or transition is finding the perfect prospect. Truth be told, the search for that special someone is not an easy task. Especially in today’s marketplace when those looking to get out literally outnumber those looking to get in. But while looking for a chiropractor to fit your practice may …
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 death. The other obvious inescapable reality of life (and business) is taxes. While that’s another topic for another day, it’s easy to understand that the more …
The “emotional” chiropractic practice sale is not an uncommon one. Chiropractors who have been in practice for decades get progressively tired of managing their business, hiring new employees, keeping up with insurance changes and sometimes even, taking care of patients. Some of these DC’s eventually get to a breaking point where they just want to throw in the towel and …
Many chiropractors hire associate doctors without proper planning. When you are younger in practice, these lessons are learned through the school of hard knocks and they are generally unpleasant for both parties. But chiropractors who are nearing retirement or are in the “twilight” of their careers where they plan to transition out in the next several years have little time …
Depending on which side of the political fence you sit, the possibility of Hilary at the helm or Trump at the top may scare or frustrate you. But for some chiropractors who are nearing the end of their career, the potential of one of these candidates in office may just be enough to solidify their decision to sail on off …
It’s not an uncommon scenario for chiropractors looking to sell their practice to be asked to carry part of the note or offer partial seller financing. Your buyer may be buried in student loans, without enough credit, collateral or other circumstances that equate to getting a bank to loan them enough money to buy your business. Other times you as …
Occasionally, I run into chiropractors who boldly inform me that they have no plans to leave chiropractic. They want to “die with their boots on” and can’t imagine life without chiropractic. While I commend their enthusiasm, I usually question their motives as well. After all, in sports and entertainment, it’s easy to spot the diehard who stayed past his prime …
If you have an Associate doctor working for you and plan to retire, sell or slow down in the next 10 years, you need to seriously consider the potential solution or sand trap you have in your backyard. Even if you’re a little further out than 10 years, there’s good reason to avoid going down a road that will eventually …
Here’s an idea that more chiropractors need to embrace in 2013 and beyond: the days of the solo doc may be numbered. Why chiropractors fail to embrace the concept of a group practice, shared space, partnership or associateships is beyond me. For the most part, we are among the only sizable solo entrepreneurs left in health care. Sure you can …
