A Hot Business for 2006: Non-Medical Home Care Business

Home care in the United States is a diverse andseniors maintain their independence by taking over
dynamic service industry. Approximately 20,000the daily tasks that become increasingly difficult
providers deliver home care services to 7.6 millionwith age. They can take the client grocery
individuals who require services because of acuteshopping or to the bank, prepare meals, do light
illness, long-term health conditions, permanenthousekeeping and provide daily conversation and
disability, or terminal illness. Annual expenditurescompanionship. Non-medical caregivers represent a
for home health care are projected to be $48.3rapidly growing trend to allow people needing help
billion in 2007. Home care is a broad term thatto remain in their home or in the
describes a wide variety of health related servicescommunity.Getting Started!Barriers to entering the
provided in the home setting. Home care is healthNon Medical Home Care business are relatively
care brought to your home to maintain or restorelow. While potential profits are medium to high.
your health and well-being.Growth Trends in theYour success depends upon many variables: your
industrySeniors are one of the fastest growingmarketing efforts, your start up budget, the
population groups in the United States. The seniordemographics of your area, just to name a few
population has grown about twice as fast as thecritical attributes. In most states no formal training
overall population since the early 1980s. Theis required to provide Non Medical Home Care
growth is also expected to continue early in theservices. It is important to check with your
second decade of the new century when babystate-licensing agency concerning the appropriate
boomers turn 65. Seniors aged 85 and over arelicense for the services you will offer. Not all
the fastest growing segment of the overall seniorNon-Medical Home Care agencies can perform
population. Consequently, the demand for Nonpersonal care services without a licensed.As with
Medical Home Care services is also growing. It isall business, as the business owner, you must
listed as one of the fastest growing occupationshave exception drive and motivation. In addition,
by the U.S. Labor Department. According toyour customers will expect your business to be
AARP, as Americans age, most will remain in theirpunctual and trustworthy. Whether you plan to
own homes. Nearly 7 out of 10 older Americansprovide the services yourself or hire employees,
own their own residence and most have no plansthese are key business characteristics that cannot
to move.be overlooked.The start up cost for your home
As a result, fewer seniors are getting the helpcare business depends on how you define your
they need with simple daily functioning. Forbusiness scope. The cost can range from low to
example, in 1990, 80 percent of seniors needingmedium-high. Some business owners have started
help to prepare their meals reported thattheir Non Medical Home Care business with as little
someone was available to help them; by 2001,as a thousand dollars to as much as five hundred
that had dropped to just 60 percent, according tothousand dollars.If you are interested in starting a
the National Council on Aging. Overall, from 1988Non Medical Home Care business you have two
to 2001 there was a significant decrease in theoptions. You can choose to start your business on
number of seniors who reported that they hadyour own or your join forces with a Non Medical
spouses, relatives, friends or neighbors to provideHome Care franchise.If you choose to start your
personal care or assistance. Today, anhome care business on your own there is a
ever-increasing senior population has fewerdiverse amount of information available online and
resources available to help them with the dailyin bookstores that can help you achieve your goal
tasks of living. At the same time, older adultsof establishing a profitable home care business.
have longer life expectancies than ever before.You can find general business startup information
Leading Psychologists believe by seniorsranging from how to raise capital, how to establish
remaining in their own homes, they can retain anyour business plan, to Home Care Guides specific
important sense of independence. It is alsoto the Home Care industry. These guides can
psychologically beneficial for older seniors toprovide you with the critical information you need
remain in familiar surroundings. While theirto get started.There are pro's and con's to each
well-meaning children may wish to put them in astart up option. The benefits to starting on your
retirement home, the fact is that forcedown are lower cost, ease of entry, and no
relocation can cause some seniors to feelfranchise fees. The downside is you won't have
disoriented, depressed and confused.Remaining asthe on-going guidance of the franchisor to steer
independent as possible can boost a senior'syou around problems and pitfalls.If you decided go
overall sense of well-being. Staying in their ownthe franchise route you will benefit from the
home is, in most cases, far more preferable (aswell-established plans of the franchisor. Many of
well as less costly) than relocating to an assistedthe mistakes and pitfalls that you may face by
living facility. It gives them a sense ofstarting on your own will already have mitigating
empowerment, and allows them to retain closesolutions. The downside is that you can expect a
friendships with neighbors.The Businesshigher start-up cost in addition to a recurring
OpportunityUntil recently, however, few choicesroyalty cost of 4 to 10 percent. Furthermore, the
were available to healthy seniors who wished tomarket area where you would like to operate
remain in their homes. Most health businesses onlyyour business may not be available.In the end,
offered Medical Home Care. This can beNon-Medical Home Care is an option that allows
extremely costly, since most professionals mustthe senior to remain in the home without feeling
be registered nurses or nurses' assistants. Inoverwhelmed. The senior receives the assistance
addition, they may balk at performing lightand companionship required, the family enjoys
housekeeping tasks. Finally, they rarely have thepeace of mind that a beloved parent, aunt or
opportunity to build long relationships with theiruncle is not struggling with the simple tasks of
clients. Often a different professional appearseveryday living and you get the opportunity to
every week, which is disorienting to seniors andstart one of the fastest growing business that will
prevents establishing a bond with their caregiver.continue to grow well into the future. It is a
Your business, Non-medical Home Care, in"win-win" situation for all.Blake Williams is the
contrast, is designed to help the older adult withfounder of and a multifaceted business
the tasks of everyday living. Non-medicalmanagement expert, speaker, and author. His
caregivers do not assist with medical procedures,typical topics include careers, start-ups, small
and since they are not registered nurses orbusiness marketing, and project management.
medical personnel, their hourly rate is not as high.Webmasters and other article publishers are
They also offer the opportunity for steadyhereby granted article reproduction permission as
companionship, as they are generally assigned tolong as this article in its entirety, author's
specific clients on a long-term basis, enabling ainformation, and any links remain intact.
friendship to grow.These caregivers can help