Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
James Anderson, DC
Dr. James Anderson operated five large practices in the Kansas City area for 35-40 years. He had great long-term associates in the practices and each associate bought the practice when Dr. Anderson retired. He also served on Cleveland Chiropractic College's board for more than 15 years, and currently teaches the Success Strategies program there, helping students get into practice.