Are You Thinking of Opening Multiple Chiropractic Practices?

You have been in practice for many years. You have been successful in building and maintaining your practice. The professional goals you established upon graduation have been far exceeded. Now you have ten, fifteen or twenty years before you complete your career. What are your options to grow personally and professionally?

Turning one practice into multiple practices would define growth by many mid-career Chiropractors. To be able to serve more of the community and in turn increase your passive income, lessen doctor/ patient time and increase practice equity would further expand the definition of your success.

As a co-owner of six Chiropractic practices my experiences can clarify, if multiple practice expansion is a viable option for you to reach a higher professional satisfaction. If asked, most Chiropractors would say they would love to own multiple practices and reap the rewards, but most Chiropractors that attempt expansion fail. Read the rest of this entry »

Is Your Business Protecting It’s Intellectual Property? An Overview of Patents, Trademarks and More

Intellectual Property is an important asset for any business. Most businesses have some form of intellectual property, whether they realize it or not. Be it an invention, a logo, an industry article, a marketing plan or whatnot, it is property that should be protected and maintained to provide your business with the optimal benefits available.

What is Intellectual Property?

In general, “Intellectual Property” refers to the creations of someone’s intellect that are generally intangible but are granted certain ownership rights under the law that are similar to that of tangible property rights. By law, owners are granted certain rights to use and benefit from their intellectual property to the exclusion of others. Common types of intellectual property include patents, trade secrets, trademarks and copyrights. Read the rest of this entry »

Buy New, Buy Used, Or Lease a Car Or Truck?

When in the market for a car or truck many consumers compare the benefits of leasing a car vs buying a new car. There is a third choice that often is neglected — buying a lightly used car. If you can afford it, the general consensus among financial gurus is that buying a vehicle is a better option than leasing if you are planning on keeping the vehicle for the medium to long term, (5+ years). To take it a step further, buying a lightly used vehicle is a better option than buying a new vehicle as new cars or trucks lose on average 20% of their value in the first year of ownership, but only 10% each of the next two years. Let’s examine each scenario in greater detail by comparing the advantages and disadvantages of each.

Buying a new car or truck has historically been the preferred choice for Americans. But as the cost of new vehicles have risen, vehicles now last longer than they ever have, access to used vehicle inventory has increased and the information available on used cars has improved thanks to CARFAX, Carchex, and auto research sites like Edmunds there has been a shift in what consumers are willing to buy from new cars to used cars. Used cars now outsell new cars at a 3 to 1 rate. Yet, American’s love affair with the new car persists. Let’s examine the advantages to buying a new car or truck in detail.

* The interest rate you receive for a new car loan will be lower than it would if you purchased a used vehicle. Read the rest of this entry »