Exam Preview for 4289: Starting A Private Practice: Following Your

Starting A Private Practice: Following Your Occupational Therapy Dream - Part 2

Please note: exam questions are subject to change.

1. All of the following are purposes of business plans to start an occupational therapy private practice EXCEPT: Makes your dream a concrete reality Provides a direction or roadmap for your business Tells you if you are already in business or not Helps convince banks and others that you are serious
2. Which of the following is true about mentors? There are not many sources of free mentors online. Mentors cannot help occupational therapists prepare business plans. Mentors do not support a new business venture. Mentors are critical to success in business.
3. Some occupational therapists already are in private practice, but may not realize it. How do you know if you are already in private practice? You get paid for what you are doing and you get a 1099 for your work, You provide your own materials and supplies. You do not receive health insurance or other benefits. All of the above
4. All of the following are among the 10 steps to start a business EXCEPT: Market your business Write your business plan Fund your business Choose your business location
5. A lean start-up business plan is Detailed Short and focused Comprehensive Time consuming
6. Inventors and lenders prefer which type of business plan? Resume and cover letter Lean Start-up Traditional Checklist
7. When looking at the business structure (Step 5 of business plan), a limited liability company (LLC) Has one or more people Does not make owners personally liable Has both self-employment and personal taxes All of the above
8. One way to market your new business is to Go door to door Cold call Make business cards Do not market until you are established
9. This is an online business course offered by SBA's Office of Women's Business Ownership Dream On Dream Builder Dream and Make It Do It Right
10. Another suggested online resource is Company Startups Business Collaborative DIY network Awesome Women Entrepreneurs