As the baby boomers age, there is a growing market for senior services. Whether you provide transportation, housekeeping, or companionship, seniors are looking for ways to stay active and independent.
You can find a niche in the senior services industry by offering a service that no one else does. For example, if you live near a retirement community, you could offer transportation to and from activities like golfing, shopping, and church.
There are many businesses that are based around helping seniors live better lives. These include home care, personal care, health care, and even financial planning. There are many ways to go about starting a business like this one.
You could start with a small part-time job and build up your client base. Or you could start out with a full-time job and work towards building your business. Either way, you’ll want to find a niche that you can specialize in. This will help you stand out from the crowd and give you a competitive edge.
You could also try to get into the field of elder care. If you have experience working with seniors, you could offer them assistance with their finances. You could also offer them advice on how to manage their money. You could also offer to help them plan for retirement.
What’s the difference between a home health care franchise and a senior home care franchises?
A home health care franchise is an opportunity to own a company that provides medical or nursing services at people’s homes. A senior home care franchise offers similar services but focuses more specifically on providing these services to older adults who need extra support as they age. Both types of companies provide training so new owners can learn all aspects of running a successful operation. Home health care franchises usually require less capital than senior home care franchises because there aren’t any special equipment needs.
How much do senior home care franchises cost?
The price range for senior home care franchises varies depending on where you’re located. The average annual salary for a home health aide ranges from $25,000-$35,000 per year. For those interested in becoming a nurse assistant, it costs anywhere from $30,000-$50,000 annually.
The Best Senior Service Business Ideas
If you are looking for a senior service business name, then you have come to the right place. We have compiled a list of senior services business names that are perfect for any type of senior care business.
Senior services are a very popular niche in the senior care industry. There are many types of senior services, such as home health care, adult daycare, assisted living, nursing homes, and more.
The key to choosing a good senior services business name is to focus on the services you provide. If you want to target seniors, then you should consider naming your business after a senior activity.
Here are some of the best senior service business ideas:
Senior Care Franchise
The average salary for a nurse aide ranges from $11-$15 per hour depending on where you live. So if you’re looking to make good money fast, consider opening your own senior care facility. In addition to offering quality healthcare services, you would be able to charge higher rates since you wouldn’t have to compete against other facilities. Plus, you’d likely see increased demand for your services due to word-of-mouth advertising.
This is one of the best senior service business ideas.
Health Coach/Health Educator
Many employers prefer hiring someone with previous experience in human resources. HR professionals often know what questions potential employees should ask during interviews. As a result, they tend to hire candidates with relevant education and experience. Because of this trend, most jobs available today involve teaching others something related to health. Examples of positions that fall under this category include fitness instructors, nutritionists, physical therapists, massage therapists, yoga teachers, and dietitians.
Retirement Community
If you enjoy working around seniors, then owning a retirement community might be right up your alley! Retirement communities offer residents many amenities including social activities, exercise classes, beauty salons, spas, swimming pools, golf courses, tennis courts, restaurants, movie theaters, libraries, art galleries, museums, shopping centers, and much more. The average monthly rent for a one bedroom apartment in a retirement community starts out at about $1,500. This number goes down significantly when compared to living alone in a single family residence. You’ll find that the cost of operating a retirement community is quite low. Many times, the only costs associated with ownership are utilities and property taxes.
Home Health Agency
If you love helping patients get better faster, then becoming a home health agency owner could be perfect for you. These businesses help their clients recover after illness or surgery through personal visits. Home health agencies can provide medical equipment like wheelchairs, walkers, beds, bathtubs, showers, toilets, oxygen tanks, IV poles, hospital bed frames, stretchers, crutches, and more. Most importantly, these companies give their clients peace of mind knowing that they will receive high-quality care while recovering.
This is one of the great senior service business ideas ever.
Senior Living Facility Manager
The senior living facility manager position involves managing an entire building full of people who need assistance getting dressed, eating meals, taking medications, using the bathroom, going outside, etc. In addition to overseeing all aspects of operations, managers have to make sure everyone has access to clean clothes, food, entertainment, and other necessities. Senior living facilities typically charge anywhere from $2 per day to upwards of $30 per day. If you’re interested in starting your own senior living facility, here are some tips on how to do so:
Adult Day Care
An adult daycare center provides services to adults over age 55. It usually offers group activities, counseling sessions, educational programs, and recreational activities. Adult day cares generally operate Monday through Friday between 8 am and 5 pm. There are two types of adult daycares: those that accept Medicaid and those that don’t.
Caregiver Training Programs
A caregiver training program teaches individuals how to take care of elderly loved ones. Some caregivers trainees learn skills such as bathing, dressing, feeding, grooming, toileting, medication administration, and transportation. Others focus on specific needs such as Alzheimer’s disease, dementia, Parkinson’s Disease, stroke recovery, diabetes management, arthritis, cancer treatment, and heart failure. A few even specialize in hospice care.
Nursing Homes
Owning a nursing home requires extensive knowledge of healthcare laws, regulations, and procedures. Nursing homes must comply with federal, state, county, and local requirements regarding staffing levels, patient safety, quality assurance, licensing, inspections, accreditation, billing, insurance coverage, and more. They also must meet certain standards set by Medicare and Medicaid. To become licensed, most states require applicants to pass a rigorous exam administered by the Department of Public Health. Once approved, nurses must complete additional education before being allowed to work in a nursing home.
Personal Care Services
Personal care services include everything from housekeeping to meal preparation to laundry. Depending upon what type of personal care services you want to offer, there may be different licenses required. For example, if you plan to hire someone to cook meals for your customers, you would likely need a license to sell prepared foods. However, if you just want to wash dishes, you wouldn’t need any special permits.
The following is a list of common jobs within this industry:
Home Health Agency Owner
As mentioned above, home health agencies assist seniors in staying healthy at home instead of having to go into hospitals. This includes providing physical therapy, occupational therapy, speech therapy, wound care, respiratory treatments, nutritional support, pain control, emotional support, socialization, and much more.
Money Management
If you love numbers, then becoming a money manager might be right up your alley! Money managers help their clients manage their finances better than ever before. These professionals can provide financial advice, budget planning, retirement planning, investment strategies, estate planning, tax planning, and many others. The job title varies depending on where you live; however, it often includes titles like accountant, bookkeeper, certified public account, Certified Financial Planner™ professional, or wealth advisor.
Senior Relocation
Relocating an older person isn’t always easy. You have to consider things like medical costs, housing options, family members who will move out-of-state, and other factors. Senior relocation companies make these moves easier by helping families find senior living communities near them. Many times they’ll also coordinate moving expenses so that families aren’t left holding the bag when relocations cost too much.
Senior Care Consulting
Care consulting helps people decide whether assisted living facilities are best suited for them. It involves meeting with residents and staff, reviewing policies and practices, assessing facility amenities, and making recommendations based on those findings. If you’re interested in working with seniors, check out our guide about starting a career in gerontology.
House Sitting
This is one of the easiest ways to earn extra cash while traveling. House sitting means caring for pets, plants, and even houses while owners are away. Some pet sitters charge per hour, but some only ask for a small fee upfront. Others accept multiple assignments simultaneously. There’s no shortage of potential clients looking for house sitters, especially during summer months.
Senior Exercise Classes
Exercise classes are great because not only do they keep seniors active, but they give them something else to look forward to each week. They don’t require as much time commitment as going to the gym does, which makes them perfect for busy schedules. Plus, exercise classes usually come with snacks and drinks, giving participants another reason to attend.
Nutrition Consulting
Many nutritionists work from home, offering services such as meal plans, cooking demonstrations, recipe development, grocery shopping assistance, and more. Nutrition consultants may specialize in specific areas, including weight loss, diabetes management, heart disease prevention, cancer treatment, pregnancy, and more.
Handyman Service
Are there any household repairs you’ve been putting off? Maybe you need new light bulbs, a leaky faucet, or a broken window fixed. Handymen offer handy solutions to all sorts of problems around the house. Whether you want someone to fix a sink hole, replace a door knob, install a ceiling fan, paint a room, repair drywall, build shelves, or anything else, this type of employment offers plenty of opportunity.
Senior Transportation Services
Transportation services include everything from driving elderly relatives to doctor appointments to picking up groceries. This kind of work requires patience, flexibility, and good communication skills. Drivers must know how to handle emergency situations, communicate effectively with passengers, and follow directions well.
Health Insurance
If your parents qualify for Medicare, it can be very helpful if they get health insurance through their employer. The government pays part of the premium, and employers often provide additional benefits such as vision care, dental coverage, prescription drug discounts, and more. Check with your parent’s company first before enrolling them in private insurance though; many employers won’t cover retirees until after retirement age.
Massage Therapy
A massage therapist works by applying pressure to muscles using hands, feet, elbows, knees, forearms, or other parts of the body. Massages help relieve stress, improve circulation, reduce pain, increase muscle strength, and promote relaxation. Many therapists also incorporate stretching exercises into massages.
The senior service industry has been growing steadily over the past few years. The number of seniors in the U.S. population is expected to increase by about 20% between 2010 and 2030.
This is good news for those who want to start their own business. There are many ways to go about it. You can start a senior care agency, sell products and services to seniors, or offer personal care services to them.
