I think what's most important to consider is that there are different types of people who apply to OD programs, but on the whole, there are trends. We're not a gung-ho, super-entrepreneurial group willing to accept large amounts of risk. Those types of people don't typically pursue or finish an optometry degree or any degree, for that matter. They are out laying their savings on the line to start a website, a product line, a sporting goods company, etc, and quite often they're successful because their personality drives them in that direction. Those people are usually not applying to optometry school. The people in optometry school, dental, medical, etc, are going to tend to be people who want to be their own boss and enjoy being an entrepreneur, see patients, and often to have their own practice, but without the full risk of someone who decides to start their own company without any credentials to separate them from the next Joe. The very act of choosing a professional degree is, to some extent, an expression of risk aversion. It's historically been considered a "safer" way to start your own business because it separates you from the average guy who can't do whatever it is that you do. Optometry has lost that safety factor and people considering the profession need to understand that. If they choose to forge ahead anyway with full knowledge of the circumstances, they're probably much more likely to succeed since their personality is likely a lot more pure entrepreneurial than the guy (like me) who says, "I don't know if the risk is worth it any more." I don't like my odds. I'd rather do X and minimize the risk involved in my $350K output."
I would argue that my level of risk acceptance is probably closer to the average OD than KHE or anyone else that is willing to bite off another 500K, 600K or 800K on top of a couple of hundred thousand in student loans. Most ODs would have a hard time with that, especially new ones. My whole point is, for those people who don't see themselves jumping into even more extreme debt level soon out of optometry school, a serious consideration of the profession is in order. If you don't see yourself doing that, then get ready for Walmart, America's Best, Pearle Vision, or Sam's.
Maybe the problem, as KHE alluded to, is in fact the types of people being admitted to optometry school. We're not risky enough. Maybe admissions committees should be thinking ahead saying "We need to really slant our acceptances towards people who are going to be willing to accept high risk, buy a practice, and have a shot at succeeding." The numbers of successful applicants would probably be lower and the percent that achieve their goal would certainly be higher. I don't think anyone would have a problem with that. Unfortunately, there is no place in optometry with less concern for the future of the profession than academics, except possibly for the AOA. If someone on an admission committee had told me "Hey dude, you probably would have been a great match for optometry 25 years ago, but today, you need a little more Donald Trump in you..." I would have been fine with that.
I'm really not on here to make anyone accept my point of view. I'm on here to present a different side of the story. As I've said in earlier posts, if someone comes on here, reads through the negative optometry threads like this one, and then decides an OD is for them, then all the best to them.
In essence, what I'm saying is, there's no right or wrong answer here. I've never claimed that there was. For me, I think it's a terrible investment of time and money. Many other ODs agree with me on that. For someone who figures out how to make it work for them, whether it's by buying an expensive, already successful practice, or with a cushy VA job that they love, or whatever, then the investment was solid. I'm only here to illuminate the fact that all is not rosy in optometry as the prevailing biased information out there would suggest. Too many people are getting out of school saying "What the hell is this crap, I worked this hard and spent this much money for this?"