Starting a private practice is exciting, but let’s be real—it also comes with risks. As OTs, we thrive on planning, problem-solving, and adapting—all key skills for business ownership. Hear from OTPreneurs Justin Oakley, Emilia Bourland and Brandy Archie in this video clip as they dig into how they assessed the risks to entrepreneurship. For the full convo check it out here!
If you’re reading this you’re likely already playing with the idea of entrepreneurship. So it’s important to understand your own risk tolerance to choose the right path for your career.
What Is a Risk Profile?
Your risk profile reflects how comfortable you are with uncertainty, financial investment, and decision-making under pressure. Some people jump into business headfirst, while others prefer a slow, calculated approach. Neither is wrong—the key is knowing where you fall so you can plan accordingly.
Take the Test!
Before making big decisions, check out this risk profile assessment. It can give you insights into your comfort level with financial, career, and personal risks—helping you tailor your business approach.
Why Risk Tolerance Matters for OTs in Business
1️⃣ High-Risk Takers → Might go all-in on private practice, invest in marketing, and hire quickly. They thrive in fast-moving, high-growth environments.
2️⃣ Moderate-Risk Takers → Likely to start small (e.g., side business, mobile therapy) and gradually grow. They balance caution with ambition.
3️⃣ Low-Risk Takers → Prefer stable, predictable transitions, like working part-time while building their practice. They take careful, methodical steps toward business ownership.
Aligning Your Business Strategy with Your Risk Profile
- If you're risk-averse, consider starting with contract work, part-time practice, or telehealth services before fully committing.
- If you embrace risk, you might invest in a full clinic, staff, or niche services from day one.
- If you're in the middle, you can test the waters with private clients, build a referral network, and scale gradually.
The Bottom Line 💡
There’s no one-size-fits-all approach to entrepreneurship. Knowing your risk tolerance helps you make smart, strategic decisions that align with your personality and comfort level. Whether you dive in or take small steps, your path is YOURS to create! 🚀 Want to dig in more? Check out Why You’re More Capable of Starting a Private Practice Than You Think !