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My experience with
Circumference was good.
Terry Flanagan explained
the process and made
my practice transition
more comfortable.

B. Fuller, D.C.

Articles by Terry Flanagan, MBA, AVA, CBA
Six Steps to Make Your Practice More Profitable
Appeared in Chiropractic Economics • May 23, 2008
As reimbursements from group insurance and Medicare are decreasing and your expenses increasing, now is a great time to examine your practices and build in profitability.
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Small Business Administration
Appeared in ACA News • January 2008
Learn about SBA loans, how they can be helpful, what you'll need to apply and how to know if you can afford the loan.
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The Value of a Practice Depends on Its Health
Appeared in Chiropractic Economics • May 22, 2007
By taking a close look at how the practice operates, the answer to the question "How much is the practice worth?" can be found.
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The Problems with Rule of Thumb
Appeared in Chiropractic Economics • April 17, 2007
The rule of thumb has always been an arbitrary number. If you buy (or sell) your practice with this method, you may be shortchanging yourself. Learn more...
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10 Ways to Exit your Practice Feet First
Appeared in Chiropractic Economics • Issue 12 • August 14, 2006
Most chiropractors consider their practice an investment and at some point will think about selling it as a part of their retirement package. How about you?
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Building a Business Plan: Part 1
Appeared in ACA News • Volume 1 • October 2005
As you establish your practice, you will need more than clinical skills to care for patients, you will need business skills. Creating your business plan will improve your chances of success.
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Building a Business Plan: Part 2
The External Environment

Appeared in ACA News • Volume 1 • November 2005
Learn how evaluating the external environment brings to light the advantages and barriers of growing a professional practice.
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Building a Business Plan: Part 3
The Internal Environment

Appeared in ACA News • Volume 1 • December 2005
Internal operations are the “platform” for your success. This installment looks at mission and vision statements; scope of services; staffing considerations and operational systems.
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Building a Business Plan: Part 4
Devise a Marketing Plan to Help Your Practice Grow, Outshine Competitors

Appeared in ACA News • Volume 2 • January 2006
Once you have developed a clear organizational mission and objectives in your business plan, and determined the steps required to accomplish your goals, creating a strategic marketing plan is the next step.
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Building a Business Plan: Part 5
Finances

Appeared in ACA News • Volume 2 • February 2006
In this section, we will look at income versus expenses – consider the numbers, understand what they mean and use them to present your business to prospective lenders.
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Building a Business Plan: Part 6
When Crafting Your Plan, Remember to Add Value to Your Practice

Appeared in ACA News • Volume 2 • March 2006
A practice is primarily a fixed-cost business but drivers such as the practice's financial resources, operational office systems and human resources can add significant value.
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Helpful Links

The National Association of Certified Valuation Analysts
This association offers training and certification programs as well as research support, marketing tools, software, journals, reference materials, and proprietary databases to enhance the professional capabilities and capacities of its members. Go

The Institute of Business Appraisers
The Institute is a pioneer in the specialized field of business appraisal education and professional accreditation. Go



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Circumference ValuationsP.O. Box 246Palos Park, IL 60464Toll Free (877) 988-0911Fax (708) 361-3220