Why You Should Consider Starting A Home Care Business

Baby boomers are living longer and still working and therefore, the keen interest in home care is increasing. The group of elderly parents of these baby boomers may rather stay in their home than be stuck in a nursing home and for that reason, home care is also on the increase. We are talking about more than 80 million Americans who were born between 1946 and 1964.

On top of that, when an elderly parent suffers an illness such as a heart attack, the baby boomer children have to find care for the elderly parent while they stay in their homes. This is personalized care, which may continue for a long period of time. The home care company that sends in a nurse, a nursing assistant, or a home care aid, is providing non-medical and medical care such as bathing and performing household duties as well as making sure medication is administered.

What To Expect?

By 2025, the senior population has an increased expectancy of approximately 72 million. By the end of 2014, it will be at 49 million. That is an alarming number, don’t you think? And for people who want to capitalize on it, this is a huge business opportunity. According to the 2009 FRANdata report, the home care business received a 13 percent growth between 2006 and 2008. The good thing is that no particular home care company dominates the market share, so you have enough room to enter the market. This is why you should consider a home care business now rather than later.

What Kind of Experience Do You Need?

A home care business requires absolutely NO experience and this makes it one of the easiest businesses to start. All you need is competent caregivers. The home care business is about establishing relationships. In addition to placing ads, you should develop relationships with hospital social workers and patient relations managers to get clients.

Do your research to see what licensing is required and what other requirements would set you apart in this market place? You can make a difference in people’s lives, and make a great living in the process, so take the necessary steps to play your part.

To learn more about how you can start your own home care business, click here to register for our next FREE educational internet seminar. It will cover everything you need to know from A to Z, and is more valuable than seminars that others charge you thousands for. Spots are limited so don’t delay!

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