Financial Preparation

Whether in the first or last trimester of your chiropractic career, you will always be focused carefully on the kind of practice you want to build. But one of the first concerns all students should have before graduation is the amount of debt they will be carrying and how fast they can pay it off. […]

Having and using a monthly budget is always a good idea, but it is particularly important as you graduate from chiropractic school and begin your new career. Budgets are like exercise machines: they are often put in place but seldom used. Setting up and maintaining a monthly budget is mandatory while you are in school […]

  A young couple in practice was taken by surprise when their CPA said, “You owe $9,000 in taxes.” “But,” they said, “we paid the taxes on our income as employees of the corporation.” “Yes, I know,” he replied, “but the corporation also owes income taxes on its profit.” If you were in this situation, […]

In your budget for practice start-up, don’t forget to select some giveaway items, those small gifts you give to patients and prospective patients. You need giveaways for three reasons: 1. Give to Get. We give in order to get. If you give someone a small gift, they feel obligated and want to give you something. […]

Many cities and states have special programs to encourage new businesses. For example, many states have incentives to encourage business startups in targeted “enterprise zones” (like Oregon) or incentives for minorities, veterans, and women who want to start businesses. Other states may give incentives to health care businesses (see Arizona’s Angel Investment Program). Cities also […]