Reasons 2018 May Be a Great Time to Sell, Buy or Transition Your Chiropractic Practice

If you are considering a chiropractic practice sale or transition, 2018 may one of the best years in recent history to get this done! Interestingly enough, if you are looking to buy a chiropractic business or buy-in via an Associateship or Partnership route, some of the same reasons it’s a great year for Sellers translate into great reasons for Buyers …

adminReasons 2018 May Be a Great Time to Sell, Buy or Transition Your Chiropractic Practice

Thinking of the End of Your Chiropractic Practice? Start Here

Since we’re at the beginning of a new year, you are probably spending time thinking about your goals.  Perhaps you want to increase income in your practice, lose weight, develop deeper relationships or have more fun. Whatever your target, you’ve undoubtedly heard or experienced the importance of establishing goals. When it comes to creating a plan to transition your chiropractic …

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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 much is my chiropractic practice worth

How Much Is My Chiropractic Practice Worth? My Friend Sold His For ____

It’s a common question and frequent comment we receive here when working with chiropractors on their chiropractic practice sale or transition plans. The question and the conversation typically goes like this: I am thinking about selling my chiropractic practice and was wondering what it is worth.  My chiropractor friend (who practices in a different state) just sold his for $[insert …

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3 Essential Ingredients to a Successful Chiropractic Practice Sale or Transition

Many chiropractors are reaching a point where they are more frequently having thoughts about how to transition out of the profession. In many cases, this is due to the simple fact that Baby Boomers are not only the largest segment of people on the planet, but in the chiropractic setting, they are the largest demographic of full-time practicing chiropractors in …

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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 many …

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The Art Of Chiropractic Associate Buy-In and Buy-Outs

Young chiropractors are quickly becoming more risk-averse thanks, in part, to the $200,000 debt burden some of the new doctors are beginning their career in chiropractic with. In decades past, many (if not, most) chiropractors graduated and then moved towards starting up their own practices as quickly as they could get licensed. These days, DC’s are moving a little more …

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patient retention chiropractic practice sale

Calming Your Buyer’s Fears About Patient Retention After Your Chiropractic Practice Sale or Transition

One of the concerns most often expressed by potential buyers in a chiropractic practice sale or transition scenario is simply that the buyer is afraid that patients will leave after the seller is gone. While fears run high on the part of the buyer (and sometimes the seller too), there is little objective evidence to support some of the numbers …

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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 …

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