Rule of Thumbs are a very common practice in the area of valuing businesses. Many times we hear clients ask us what the difference between our specialized chiropractic practice valuations and the “standard chiropractic practice valuation formulas” or rules of thumb that we hear about. Rule of Thumbs are largely errant and inaccurate in all…
In previous blogs I have gone over the $1,000,000 associate error I made, and laid out the single biggest issue in creating a win-win associate arrangement …… Finances. If you have not read either of those, I strongly suggest you go there now and read them first to get a frame of reference, and…
This is the first in a two part series dedicated to helping senior docs and future associates avoid getting dragged down into ASSOCIATE HELL. You know that place where no one wins and everyone loses… The place where people leave in the middle of the night with a bunch of photocopied files and setup…
In a recent study published in one of the chiropractic journals they were reviewing the average number of hours chiropractors in North America worked as well as how many weeks per year they worked! I was not terribly surprised by the number of hours the average D.C. worked (37) but was a bit surprised by…
“Oh you poor thing! I have some Advil in my purse if you want some?” said the well meaning but highly misguided CA behind the desk. “Yup, the doc will see you now,” said another. “Yuck. I’m feeling so crappy right now, I can totally relate to how you’re feeling!” said a third…
“It is called a what coach?” my new wide eyed business owner client asked. “ A P&L Statement” I replied. “You know, a profit and loss statement.” “Not really sure what that is but I am guessing we don’t have one.” She replied somewhat sheepishly. “No actually we do have those” her business partner…
A 5200% ROI Case Study on Dr. Jay Breitlow, by Dr. Jay Breitlow When was the last time you had an investment with a Return on Investment of 5,200%? I hear you, a return on my investment of 5,200%?!??! I don’t believe it and I won’t read any further. But before you close your…
There are two lies “they” like to tell you about getting rich. Number 1: You need to be a Millionaire to be considered rich. Number 2: You need multiple sources of income to get rich. Let’s take the next 5 minutes to deconstruct these fallacies. You Don’t Need A Million Dollars to “Make It” …
Guest written by associate coach: Dr. Jay Breitlow I don’t know of any human BEing that can rival the impact on setting AND achieving a vision in life, not to mention a nation, quite like Benjamin Franklin had in the formative years in the United States. The man quite literally was the glue that held…