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Should I minor in something business related if I am considering trying to start my own occupational therapy practice?

I am currently an undergraduate student majoring in psychology and am on the path to becoming an occupational therapist. I would like to apply for OT masters programs after I obtain my bachelors degree. However, because I am possibly considering the idea of trying to start my own OT practice, I want to know if I should minor in a degree that is business related while still in undergrad. If I should, what would be the best minor/pathway to pursue and how else could I utilize it in occupational therapy? I have had an interest in learning more about business anyhow, but I do not want to minor in something that might not apply to what I do later.
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Caryn’s Answer

Hi Kimberly! Psych is a great choice for a major and it will fulfill the prerequisites for a number of graduate programs. I love OT, but there are other great careers in healthcare you should consider pursuing. I always recommend Biology as a minor, because it too will cover a lot of prerequisites in the medical field without limiting you. When you are ready to apply (or even sooner) don't hesitate to reach out! Best of luck!
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Dee’s Answer

A good start to any career is to make sure that you have strong writing skills, critical thinking skills and a strong understanding of health informatics. I am in private practice and have been for over 25 years. My business background helps in the organization of the finances and corporate portions of my practice. That being said, there are many small business groups that are free or low-cost that will assist you in understanding the business end of your field. You may have to choose which parts of your business you want to be 100% in charge of and which ones you are willing to pay to have done. Personally, I have found my CPA and billing person to be invaluable. My recommendation is before you go into a practice, think about incorporating. An LLC is great protection against your personal assets if you are ever faced with a lawsuit. You can do it yourself online but having an attorney do it is not all that expensive and that way you know it's done correctly. I agree with Caryn-there are many great medical fields. Look around and talk to a lot of people before you make your decision. It's a large investment of time and money to be educated in the medical field no matter what you choose.
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