Practice Startup

You met someone in chiropractic school and you discover that you have the same vision for your practices. So you decide to practice together. It’s great to have a partner; research has shown that multiple-owner businesses are more successful than sole owner businesses. You may decide to form a limited liability company, a corporation, or […]

You have probably heard of the KISS Principle: Keep it Simple, Stupid, or Keep it Short and Simple. When you are planning your practice startup, the KISS principle will help you get started more quickly and easily, and with few complications. Less complicated also means less expensive, so using the KISS principle will have the […]

Delaware, Nevada or the state where your business is operated? When small businesses incorporate or form a Limited Liability Company (LLC), they must choose a state jurisdiction in which to form their entity. Some form Delaware companies regardless of the state where their business is actually operated. Delaware corporations and LLCs have enjoyed significant advantages […]

Times are tough. The ability to get credit for a business startup is difficult in the best of times, because startups are the riskiest kinds of loans, from the viewpoint of a bank. In tough times, you may think you will never get a loan, but there are still some ways to improve your chances. […]

As a clinician, I am frequently asked by interns and recent graduates about opening a practice and specializations within the chiropractic profession. Opening a new practice is a tremendous undertaking for a recent graduate. A new doctor experiences a steep learning curve the first couple of years in practice. Regardless of the type of student […]

As a student, one is often barraged with stories of “the real world” that exists after graduation and how scary it is. No more “free money” and very real bills can leave the unexpecting graduate feeling very intimidated. Logan has a good business development curriculum, but no class or seminar can fully prepare one for […]

Starting a chiropractic practice is complicated. You have many decisions to make and there are many aspects of each decision. For example, finding office space and signing a lease is one of the most complicated decisions, involving many weeks of search, detailed discussions with commercial Realtors, leasing companies, and attorneys. Just the lease document alone […]

Chiropractic Economics has created this timeline to help you prepare for a successful startup. For each year of school, you will find suggested activities in several areas. Here’s to the start of your successful practice! BEFORE YOU BEGIN 1. Get a notebook or large (81/2 x 11-in.) journal to keep notes. Include: “¢ Information from […]

A few years ago, the thought of “franchising” a chiropractic practice was unheard of. If you had asked someone about the concept, they would have laughed at the idea. Today, there are several large chiropractic franchise companies operating in the United States. What do they have in common and how are they different? Most of […]

One of your most difficult startup decisions is whether to begin as a “cash-based” practice, or to accept insurance payments. Do you try to get on insurance panels? How do you deal with co-pays? Do you have one type of payment or several? For purposes of this discussion, let’s define the term “cash-based practice” to […]