How to Start an Elder Care Business

By 2020, the census burea estimates that over seven million U.S. citizens will be age 85 or over. The demands on working individuals in a family make it is difficult to care for senior family member who want to stay at home but struggle with the disabilities and illnesses that comes with aging. An Elder Care Provider assists a senior with dealing with daily activities such as bathing, cleaning, cooking, dressing, laundry, medicines, and shopping. The most important service the Elder Care Provider gives is companionship.

Instructions

1. Find out about state and local laws that may apply to starting an elder care business. The state may require a license or other credential to operate an elder care business either from your home or through a residential care facility.

2. Obtain the proper insurance. There may be a couple forms of insurance to consider such as business insurance and auto liability insurance if a personal vehicle will be used for the transportation needs of the seniors.

3. Make sure to follow the state codes whether providing service in a home environment or residential facility. This includes meeting requirements for kitchen and bathrooms. Inspections will be an important and constant part of the future of this business.

4. Create a written business plan that lays out all that is required to set up the business. This should include the type of entity formation, financial requirements, building specifications, locations, market information, regulatory requirements, staffing needs, services and activities provided.

5. Advertise wherever it makes sense. Have business cards set up and post them at local libraries and at community centers. Ask doctor's offices if flyers can be posted or brochures left in the waiting area. Craigslist has become a great way to reach the local market for free.

6. Network with institutions, training centers, retirement homes, friends and relatives and let them know that you have become an Elder Care Provider. Assisted living facility personnel, hospital discharge planners, physicians, and social service agencies are the best sources for referrals. Join organizations that service the senior market and get on lists for senior service providers.

Tips & Warnings

• Law, regulations, and applicable licenses for establishing an Elder Care Business will vary by states.

References

• seven million U.S. citizens will be age 85
• senior service provider lists