Below you'll find a list of all posts that have been categorized as “Chiropractic Transition Planning”
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 …
Although a chiropractic non-compete agreement is not part of every chiropractic associate contract, most have them. In fact, many chiropractors who are seeking an associate employment position are unable to avoid signing a non-compete agreement. 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 …
Renting Space can be a chiropractic practice sale mistake that some chiropractors will make during the course of their transition, but the Space for Rent scenario is a particularly deadly error you want to avoid — unless you want to permanently ruin your chances for an eventual office sale. Since chiropractors who are looking to sell or transition their chiropractic office …
The present real estate market is having a profound effect on our profession — especially if your planning to buy OR sell a chiropractic practice- or even transition in any fashion here in the near future. Here’s a quick update on how & why: First, let’s define who this article is for. This post applies to you if (in the next …
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 …
