Financial Preparation

A recent presentation at Logan College of Chiropractic raised the matter of free services and screenings offered by chiropractors. The question asked was, “Do you believe that chiropractors offering free services helps bring in new patients?” Despite their popularity, if you look closely, you’ll see these marketing techniques do not help a practice. The precedent […]

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 […]

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. […]

Most chiropractic students are concerned about how they will be able to borrow to start a practice and still repay their student loans. Before you graduate, you will attend an information session, but if you want to consider your options while you are still in school, the U.S. Department of Education website has some resources […]

If you are preparing financial statements for your business plan, a bank will want to see up to three years’ projections on your practice income. It is difficult to make these kinds of projections when you are not sure what your income will be. Here is one way to come up with some numbers, using […]