By Michael Dorausch, D.C. If you want to be successful in chiropractic practice don’t forget to unlock the door. Those words were spoken by one of my many mentors very early in my days as a chiropractic student. Seemingly ordinary, patients will have a difficult
By Michael Dorausch, D.C. Chiropractors see new patients that come from all sorts of backgrounds and upbringings. I’d imagine nearly every chiropractor that’s been in practice ten years or more has many times heard “My dad was a chiropractor” during a patients first visit. Our
By Michael Dorausch, D.C. We’re approaching October and coming to a time when many chiropractors take off for year end travel. Nearly every DC I know takes a break away from the office during one (or more) of these upcoming weeks: Yom Kippur, Thanksgiving, Christmas,
By Michael Dorausch, D.C. Something I find myself telling many new chiropractors is to not forget to live a balanced lifestyle when starting your practice. I’ve seen this scenario far too many times: you come out of chiropractic school young & fit, still in terrific
By Michael Dorausch, D.C. Nine chiropractors come to the office with me everyday. Sometimes there’s more, but each and every day I have the joy to be surrounded by at least these nine amazing individuals. On top of that, I get to adjust all the
By Michael Dorausch, D.C. There may be no profession on the planet that is more positively focused than chiropractic. The entire foundation chiropractic is built upon is in helping people express the best version of themselves. Within the profession, and publicly, we may use different
By Michael Dorausch, D.C. If you’ve been in chiropractic practice as long as I have you may know this experience well. Suppose you’re just getting started in practice and received your chiropractors license yesterday, this applies to you. From my perspective, not only are you
For new graduates of chiropractic colleges who are saddled with thousands of dollars of student debt, it may feel impossible to build or buy a practice any time soon. Luckily there is a way to buy a practice in a matter of years, while gaining
It’s no secret the chiropractic industry attracts maverick personalities. That means when it’s time to sell the practice, many chiropractors are tempted to do it themselves. This can save the chiropractor some money on a broker’s fee. However, without clinic sales experience, the juice may
Buying a practice is one of the on ramps [LINK] to business ownership and career success for chiropractors. A huge benefit of buying is that it comes with a built-in transition process between buyer and seller. Here are 10 tips to get the most out
When it’s time to sell the practice, chiropractors want to close the deal efficiently and get the most value possible. However, many first-time sellers find it’s easy to unknowingly get in their own way. Avoid common missteps with the following tips: Do Clean Up Your
The average chiropractic practice takes about 12 to 18 months to sell, but sometimes sellers need to move more quickly. In the event that a chiropractor passes away and can no longer practice, or if a doctor is simply burned out and ready to call
Whether for retirement planning, a sale, a future partnership or even a divorce, chiropractors will need a practice appraisal at some point in their careers. Practice valuation is best conducted by a consultant or broker who is well-versed in the nuances of the chiropractic industry.
After years or even decades of hard work, selling a chiropractic practice may feel like a major emotional and financial decision. Plus, if it’s a doctor’s first time on the seller’s side of the negotiating table, the transaction process may appear complicated and stressful. Luckily
The best way to sell your chiropractic practice is to know your potential buyers. From the new graduate to the private equity firm, each buyer is looking for something a little bit different out of the sale. Here’s who’s buying and what you need to
Eager to buy a practice and get out on your own, but don’t know where to begin? Step one is to understand the process so you know what to expect and how to prepare. Buying a chiropractic clinic is a detailed process that requires months
It’s never too soon to start planning for the future. If you’re a chiropractic student, you can get ahead of the game by taking a few simple steps that will position you to buy a clinic as soon as you graduate or just a few
Brokers and consultants often price chiropractic practices using a simple net cash flow-based valuation method. While this estimate offers a good starting point for determining practice value, many buyers are still left wondering — is this practice worth the asking price? Understanding the Ballpark Figure
Location, location, location. The old real estate adage also applies to chiropractic practices. Where a clinic is located can mean the world of difference for a chiropractor’s take home pay, ability to grow their practice and quality of life. However, the best clinic locations aren’t
Many chiropractors dream of having the professional freedom to run their own practice, be their own boss and set their own schedule. Experience level, finances, goals and practice preferences, all factor into how chiropractors may choose to pursue practice ownership. Luckily there’s a path for
The COVID-19 pandemic and economic slowdown have ushered in record low interest rates for loans. These conditions have also accelerated doctors’ retirement plans, flooding the market with motivated sellers. For associates ready to start their own practice, experienced chiropractors looking to expand or relocate, or
Buying a chiropractic clinic can be overwhelming, especially for first-time buyers and young associates. Chiropractic colleges often do not provide sufficient business training to buy and build a practice, leaving first-time buyers exposed to potential missteps. If you’re ready to become a practice owner, here’s
Location, location, location. The old real estate adage also applies to chiropractic practices. Where a clinic is located can mean the world of difference for a chiropractor’s take home pay, ability to grow their practice and quality of life. However, the best clinic locations aren’t
Eager to buy a practice and get out on your own, but don’t know where to begin? Step one is to understand the process so you know what to expect and how to prepare. Buying a chiropractic clinic is a detailed process that requires months
When it’s time to sell the practice, chiropractors want to close the deal efficiently and get the most value possible. However, many first-time sellers find it’s easy to unknowingly get in their own way. Avoid common missteps with the following tips: Do Clean Up Your
For new graduates of chiropractic colleges who are saddled with thousands of dollars of student debt, it may feel impossible to build or buy a practice any time soon. Luckily there is a way to buy a practice in a matter of years, while gaining
It’s no secret the chiropractic industry attracts maverick personalities. That means when it’s time to sell the practice, many chiropractors are tempted to do it themselves. This can save the chiropractor some money on a broker’s fee. However, without clinic sales experience, the juice may