Below you'll find a list of all posts that have been categorized as “Chiropractic Transition Planning”
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 …
When it comes to buying or selling a chiropractic practice, it’s important to consider its price which is determined by both the marketplace and its value on paper. When looking at the value of a chiropractic practice specifically, the single largest contributor to value is typically an intangible asset called “goodwill.” Basically, what this means for the buyer is that …
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 …
Each year chiropractors make the decision to finally leave practice. And while their focus is naturally on the future, there are a few details that must be taken care of in the present before that future transition can be realized. If not, these serious mistakes can cause significant financial damage that can follow them for years to come. If you …
When considering a chiropractic office sale or even a transition in your practice, it’s easy to procrastinate the planning of such a significant event in your life and chiropractic career. While it is important to thoroughly analyze the road you are about to embark upon, there are some serious dangers with procrastination or even attempting to hatch the “perfect” plan …
Would you leave chiropractic if you were financially independent? It’s a tough question that I can’t answer for you but I can tell you that your answer is critical to your success and future in chiropractic. Here’s the reason I ask: Recently, I had a conversation with a chiropractor who told me that he now owns two practices and is …
