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 …
Why Your Chiropractic Student Loans Will Not Stop You From Buying a Practice (& a Few Things That Will)
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 …
Is Your Chiropractic Non-compete Agreement Enforceable? Current Issues For Chiropractors To Consider
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 …
Can a Non-Chiropractor Own a Chiropractic Practice in the State of…?
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 …
Chiropractic Practice for Sale With Owner Financing – What Buyers & Sellers Need to Know
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 …
Buy, Build or Break Up WEBINAR: Your Best Moves For Buying a Chiropractic Practice or Getting a New Associate Job
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 …
How the Federal Reserve Rate Cut Can Help You Buy, Grow or Sell Your Business Smarter (& Its Impact on Chiropractic Practice Financing Interest Rates)
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 …
Chiropractic Practice Financing: The Four C’s Chiropractors Need to Buy a Chiropractic Business
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 …
Chiropractic Job Search Mistakes You Don’t Want to Make!
Chiropractic Job Search Mistakes You Don’t Want to Make If you are starting a chiropractic job search for an associate position, here are a few search mistakes you definitely don’t want to make! No Curriculum Vitae or Resume: It sounds so simple, yet it seems like 20% of those who are in the midst of a chiropractic job search and …