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Which business degree is best for creating a small physical therapy business?

I am interesting in creating my own Physical Therapy business after I get my license. I'm thinking of getting a minor in some sort of business-related field. Which business minor would best suit my interests?

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Ann’s Answer

Hi Patrick,

This depends. Are you already working on your Physical Therapy degree?
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Gregory’s Answer

Business management is likely the best place to start. This degree will provide a large scope overview of building and running a business. It should be noted that a good program in obtaining a physical therapy license should include good information about starting a business in that field, with field specific information around common issues with the industry. Best of luck in reaching your goals!
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Emma’s Answer

To create a small physical therapy business, both a Bachelor of Science in Healthcare Management and a Bachelor of Business Administration (BBA) with an Entrepreneurship Concentration can be valuable choices, each offering distinct advantages.

A Bachelor of Science in Healthcare Management is a specialized degree that directly aligns with the healthcare industry's demands. It equips you with in-depth knowledge of healthcare administration, finance, operations, and compliance, which are crucial for managing a physical therapy practice. This degree provides a strong foundation in healthcare systems and regulations, preparing you to navigate the complexities of the healthcare sector effectively. It also offers networking opportunities with healthcare professionals, enabling you to build valuable connections in the field.

On the other hand, a BBA with an Entrepreneurship Concentration offers a broader skill set applicable to various business ventures. While not healthcare-specific, it provides essential entrepreneurial skills such as business planning, marketing, finance, and strategic thinking. This versatility allows you to adapt your knowledge to different industries, providing the flexibility to explore various business opportunities beyond physical therapy. Entrepreneurship programs also emphasize creativity and problem-solving, which are vital for developing innovative solutions in a competitive market.

The choice between these degrees ultimately depends on your specific career aspirations and interests. If you prioritize a healthcare-focused education that directly relates to managing a physical therapy business, a Bachelor of Science in Healthcare Management is a strong choice. However, if you value a more versatile business education that can be applied to different entrepreneurial endeavors, a BBA with an entrepreneurship concentration equips you with a well-rounded skill set to create and manage a successful small physical therapy business.
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