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How Real Estate Recovery Affects Your Plans to Buy, Sell, Hire, Exit or Enter a Chiropractic Practice

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 …

adminHow Real Estate Recovery Affects Your Plans to Buy, Sell, Hire, Exit or Enter a Chiropractic Practice
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Unanticipated Risks of Waiting To Sell Your Chiropractic Practice

Most chiropractors are aware of their own mortality enough to realize that one big risk of waiting to sell your chiropractic practice (or transition to your associate) is that none of us can cheat death.  The other obvious inescapable reality of life (and business) is taxes. While that’s another topic for another day, it’s easy to understand that the more …

adminUnanticipated Risks of Waiting To Sell Your Chiropractic Practice
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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
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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
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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!
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Should You Sell Your Building With Your Chiropractic Practice Sale?

I just wanted to give you a quick answer to a question that goes through a lot of doctor’s minds as they prepare their transition — regardless of whether you are  planning to transition sooner or later, sell, hire an associate, whatever it may be. The question I get often is this: Should I sell my building with my practice? For …

adminShould You Sell Your Building With Your Chiropractic Practice Sale?
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Associate Mistakes That Can Hurt Your Chiropractic Practice Sale

Many chiropractors hire associate doctors without proper planning. Whether the associate will remain an employee, or be part of your transition plan to ultimately buy into your practice or buy you out, it is important to avoid several mistakes that can hinder your ability to sell your practice. I recently worked with a chiropractor who had an associate for over 10 …

adminAssociate Mistakes That Can Hurt Your Chiropractic Practice Sale
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Leaving Chiropractic if Trump or Clinton Gets Elected? Transition Your Practice Now!

Depending on which side of the political fence you sit, the possibility of Hilary at the helm or Trump at the top may scare or frustrate you. But for some chiropractors who are nearing the end of their career, the potential of one of these candidates in office may just be enough to solidify their decision to sail on off …

adminLeaving Chiropractic if Trump or Clinton Gets Elected? Transition Your Practice Now!
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Risks of Financing Your Chiropractic Practice Sale

It’s not an uncommon scenario for chiropractors looking to sell their practice to be asked to carry part of the note or offer partial seller financing. Your buyer may be buried in student loans, without enough credit, collateral or other circumstances that equate to getting a bank to loan them enough money to buy your business. Other times you as …

adminRisks of Financing Your Chiropractic Practice Sale
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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