20590326_m

Planning to Sell a Chiropractic Practice This Year (or Soon)? Myths & Realities of Transitioning

Are you planning to sell, transition or retire from chiropractic this year? Or next?  Or even in the next 2-3 years? Today we’ll discuss some of the latest facts, trends and rumors about chiropractic practice sales, transitions and exit strategies that will affect your business this year and beyond. Myths About Chiropractic Practice Sales and Transitions I often hear misinformed statements …

adminPlanning to Sell a Chiropractic Practice This Year (or Soon)? Myths & Realities of Transitioning
20591326 - businesswoman signing contract at interview in office

2 Associate Details You Need Done Right (Especially Before You Sell Your Chiropractic Practice)

If you have an Associate Doctor working in your practice (as either an employee or an independent contractor) and you are looking to sell or transition your chiropractic practice, there are two details you need to take care of to avoid a major financial dent in the proceeds you will get from your sale. Let me explain: We are well …

admin2 Associate Details You Need Done Right (Especially Before You Sell Your Chiropractic Practice)
51619505 - bomb with dollars and ignited fuse on grey wall background

Don’t Let a Buy-Sell Bomb Go Off On Your Chiropractic Practice Sale or Transition!

Prior to having children, I naively thought that raising kids was a relatively simple undertaking. Like many armchair experts, I looked upon the situation from afar and concluded that childrearing was much easier than most folks were making it out to be. Keep them fed, clothed reasonably well-educated and entertained and you’ve got your job down. Simple. Then I actually …

adminDon’t Let a Buy-Sell Bomb Go Off On Your Chiropractic Practice Sale or Transition!
63792329 - angry disgruntled elderly man face expression close-up.

3 Questions to Help You Avoid the E____ Sale Disaster For Your Chiropractic Practice!

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 …

admin3 Questions to Help You Avoid the E____ Sale Disaster For Your Chiropractic Practice!
chase away prospect disgusted

How to Fix First Impressions BEFORE You Sell, Hire An Associate or Transition Your Practice

Do you literally want to chase away prospects from your practice transition? 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 the …

adminHow to Fix First Impressions BEFORE You Sell, Hire An Associate or Transition Your Practice
decision

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 …

admin5 Factors to Consider BEFORE Buying a Chiropractic Practice
42071199 - one hundred dollars, ten dollars, five dollars and one dollar. closeup.

Purchasing a Chiropractic Practice? One Thing NOT to Forget!

  Purchasing a practice is an exciting time in every chiropractor’s career.  The dream of owning your own business has massive attractiveness, especially when coupled with an instant patient base and cash flow.  Undoubtedly, this is what makes buying an existing chiropractic practice such a compelling option. But, as with any transition, things can go wrong.  And generally when they …

adminPurchasing a Chiropractic Practice? One Thing NOT to Forget!
36163409 - smiling businessman looking at each other and shaking hands with new partner

Why 2012 May Be a Great Time to Sell or Buy a Chiropractic Practice

If you are considering selling your chiropractic practice, selling a portion (through a Partnership/hybrid sale as mentioned in my Ultimate Chiropractic Exit Strategy book) or having an Associate do a timed buy-in/buy-out, pay attention – 2012 may be an excellent year to get this done! Interestingly enough, if you are looking to buy a chiropractic business or buy-in via an …

adminWhy 2012 May Be a Great Time to Sell or Buy a Chiropractic Practice