How to Start an Online Business as an OT: A Financial Perspective

It takes money to make money, but the good news is that starting an online business as an OT isn't nearly as expensive as starting a brick and mortar private practice.

 

No renting out a physical space.

No fancy therapy equipment.

No expensive documentation system.

 

Your biggest online business expense is most likely going to be business coaching. 🗣️

 

I've talked to countless OTs who were perfect for online business and ready to get started, but when they're told how much an online business coaching program like ours costs, they go:

 

"It's just not in my budget."

 

I want you to imagine for a second that you're opening up a brick and mortar clinic next month. 

 

You don't have a lot in savings, but you still want it really bad. The timing is perfect in your life.

 

What would you do? 🤔

 

Most likely, you're going to do what every other clinic owner did. You would apply for a business loan.

 

You're not going to compare the business investment with your mortgag...

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Unleashing the Entrepreneurial Spirit: Empowering Women in Occupational Therapy

Hey there, fellow OT practitioners! Today, let's talk about a topic that's close to home for many of us in our female-dominant profession...

 

Why is there so little female representation in OT entrepreneurship? 🤔

 

We live in times where women are breaking barriers in all spheres of life, including the workforce. Yet, despite the strides we've made, women still tend to be more risk-averse when it comes to pursuing entrepreneurial endeavors. 

 

A large study from 2022 on thousands of women in the workplace found that women experienced less positive consequences from risk-taking in the workplace compared to men. This resulted in women taking less risks in the future compared to men. 

 

So it's not that women are more averse to risk than men. It's just that women are more likely to experience negative consequences from taking risks at work which deter them from taking more risks. 👎

 

No wonder that even as women take on more responsibilities outside the home, including careers ...

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Legalities of Becoming an Online Entrepreneur

Have you ever feared of losing your professional license by venturing out into the online business world and accidentally doing something "illegal"?

 

Lots of health professionals that I've talked to share this hesitation.

 

But I've come to learn that this fear stems from a lack of knowledge on how to run an online business legally and safely. 

 

Let me explain:

 

When you're teaching someone something through an online course, you're not providing formal occupational therapy services.

❌No evals

❌No goal setting

❌No formal treatments

 

All you're providing is general education and online resources for clients, caregivers, or other professionals that they can take and apply on their own.

 

So first and foremost, you should add a disclaimer to your course that:

  • You are NOT providing formal therapy services.
  • Your online resources are for educational purposes only.
  • Your services are NOT a substitute for any necessary medical, legal, or professional advice, and;
  • You ar
  • ...
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Top Online Business Startup Costs

When was the last time you bought something without looking at the price tag?

I hope you answered never because that's not very smart consumerism. 😆

So the same should apply for starting an online business. You have to and deserve to know how much money you can expect to invest in to get you started.

 

First things first.. the freebies 😉

Yes, you read that right.. there are goodies that you can get for FREE when starting your online business!

For starters, you can begin by using the free version of a video conferencing platform like Zoom or Google meets (thank youuu, pandemic 😏) to meet with clients interested in your digital product or service, team members, and others.

Most of these plans have limited participant and meeting duration limits, but you can get away with it for a few months as long as you're not planning to host big online events with a massive number of attendees.

Another handy, free tool is a meeting scheduling app like Calendly to help your clients schedule mee...

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