What the SBA Interest Rate Increase Can Mean For Your Chiropractic Practice Sale or Transition

You might have heard that Small Business Administration (SBA) loan interest rates went up effective 12/14/17.  If you are like most chiropractors who are looking to sell or transition your practice in the near future — or even if you are on the other side of the fence considering whether you should buy a chiropractic practice, you might also be …

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

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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 …

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Selling to Your Chiropractic Associate? Best Practices for Buy-In and Buy-Outs

The Chiropractic Associate Buy-in or Buy-out is a common practice transition strategy for chiropractors looking to solidify the sale of their chiropractic practice in advance of heading off to retirement.  In that respect, it’s a smart move and certainly can be a win-win situation for both sides. From the owner’s angle, there’s great peace of mind that comes from knowing …

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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 …

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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 …

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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 …

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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!

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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