time to sell a chiropractic practice

Is This a Good Time to Sell a Chiropractic Business?

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 …

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selling a chiropractic practice

How Goodwill Affects the Purchase Price When Buying or Selling a Chiropractic Practice

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 …

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future chiropractic practice sale

Year-End Moves to Help Your Future Chiropractic Practice Sale or Transition

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 …

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5 Factors to Consider BEFORE Buying a Chiropractic Practice

Many chiropractors wonder if they are entrepreneurial enough or whether they have “what it takes” to run their own business. There are many factors that are affiliated with chiropractic business success such as motivation, business savvy and clinical skills – among others. Specifically, financial lending institutions will consider many “tangible” factors beyond those mentioned above.  Here’s a quick list of …

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The Biggest Legal Mistakes Chiropractors Make When Selling Their Chiropractic Practice

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 …

adminThe Biggest Legal Mistakes Chiropractors Make When Selling Their Chiropractic Practice
chiropractic office sale mistake

Three Delays That Will Damage Your Chiropractic Office Sale

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 …

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Would You Leave Chiropractic If You Were Financially Independent?

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 …

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chiropractic success

Ingredients for Chiropractic Success: Sling, Stones, Secret Sauce

There are a few ingredients to chiropractic success that we can learn from our profession’s recent victory over United Healthcare and their prohibitive policy on headaches. And these things may also serve as a quick reminder to us that chiropractors can and do win victories over giants as a profession — and that you can succeed in overcoming your personal …

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Is Your Chiropractic Non-compete Agreement Enforceable?

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 …

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chiropractic practice sale mistake

Space for Rent – A Big Chiropractic Practice Sale Mistake That Can Unintentionally Sabotage Your Chiropractic Office Sale

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 …

adminSpace for Rent – A Big Chiropractic Practice Sale Mistake That Can Unintentionally Sabotage Your Chiropractic Office Sale