There's been a recent rise in the number of elderly group home businesses springing up everywhere around the world, what with an estimated one in four families providing care for an elderly relative today. Before you decide to jump on the group home business bandwagon, though, you need to know as much as possible. This brief guide will help.
Some questions you should ask yourself before starting a group home business, or any other home business for that matter, are:
The last question is particularly important when it comes to starting and operating an elderly group home business. Because if you're just doing it for the money, you're likely to be overwhelmed by the personal interaction required for this business.
Some people are happier working all day long at a computer, not having to deal with other people face to face. Or they prefer detailing people's cars or doing their lawn care to providing personal service that demands constantly interacting with people.
Everybody's different, and that's a good thing. Just understand that even if you set up an elderly group home business across town from your own home, you're going to have to deal with people on a daily basis.
If you decide that an elderly group home business is just the type of business you're looking for, you'll have to find out what the laws and regulations are, as well as what licenses are necessary in your state.
There are certain to be some, and you need to know what they are in case you have to obtain any special certifications. CPR and first aid certifications are two that most states are likely going to require you to personally have.
Another thing that you'll have to look into before you buy or rent that house that you think would be just perfect for a group home business, are the area's zoning regulations.
This can be a sticky situation in many places, and even if there are no zoning laws or regulations against your opening a group home business where you'd like to, you could well find yourself up against a lot of resistance. It's mandatory that you know this upfront.
You can look for another location for your elderly group home business, or you just might decide that this is not the business for you.
Funding for group home businesses is not as hard to find as you might think. The Small Business Association, as well as many banks and other financial institutions, can point you in the direction you need to go to find the money you need to purchase a home to start your elderly group home business.
You'll want to understand all the terms, conditions, and financial obligations. You'll also want to find out if you must use your current home as collateral. Putting your own house up as collateral may be more than you're willing to risk for any new venture.
Insurance for your elderly group home business is something you'll definitely have to have. Liability insurance is mandatory. You'll also need fire and theft insurance. If you plan to offer any type of medical assistance to the people in your elderly group home, you may even need malpractice insurance.
Other insurance requirements may also be involved. Learn everything you can about the different types of insurance coverage you'll need, and then shop around for the best prices to obtain the necessary policies you'll need for your elderly group home business.
Unless you plan to live in your elderly group home business and do everything yourself. You'll need assistants and personal errand services for the people in your home. Planning for meals, transportation to doctors, dentists, hairdressers, and events, cleaning, and activities are other things that need to be considered before starting elderly group home businesses.
You will also want someone to oversee medications and ensure that people receive and take them at the proper times.
Starting an elderly group home business is not for everybody, but if it's for you, then you'll find it tremendously rewarding. And in huge demand. Going into the elderly group home business with your eyes open and doing your homework first will assure that your elderly group home business is a successful one.
? Copyright Randy Wilson, All Rights Reserved.
Randy has dozens of home based business articles such as start a mattress cleaning service, start a mattress cleaning service and start a mattress cleaning service.
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareI started working with another new client last week. He... Read More
What is in an information plan?Before you even meet with... Read More
It has been discussed allowing Franchising companies to electronically disclose... Read More
In a world full of complications sometimes we overlook the... Read More
Early in my career, I wrote an article for a... Read More
It's the dream of every person who starts a business... Read More
Car wash businesses are unique to other businesses. In fact... Read More
Habit: A consistent behavior you perform so frequently that it... Read More
When is it a good thing to say no to... Read More
What kinds of things effect mobile service businesses P and... Read More
Increase your profit potential by identifying ? and avoiding ?... Read More
Why would you use an event pass?Event passes are often... Read More
A janitorial cleaning service is one of the best businesses... Read More
One of the greatest pitfalls in e-commerce is Field of... Read More
Do you promote yourself as offering prompt, reliable and quality... Read More
Ok, so next to the taxman, your company payroll department... Read More
As a solo entrepreneur or small business owner, one of... Read More
We all know that competition is an ugly word but... Read More
1. Know Where You're Going ? Coach Herb Brooks had... Read More
There are many choices when thinking about a small business... Read More
Opportunities for home show businesses have never been more abundant.... Read More
In the world today, many people are further in debt... Read More
Sexual Harassment is a disturbing part of employment life in... Read More
Every home business has the same problem of how to... Read More
Unfortunately for all buyers, each selling organization and their individual... Read More
Antigo wedding limo ..Should your business have a toll free number for customers... Read More
When is advice free and when should you charge for... Read More
Shopping for a franchise is easy if you know what... Read More
Setting priorities in your business? Your first job is to... Read More
What's your job profitability? I meet with business owners every... Read More
So you think you're not justified in taking time away... Read More
In your small business debt collection laws will eventually become... Read More
Deciding to start your own franchise is just one of... Read More
How to identify future solutions and opportunities?Your power page, if... Read More
Q: I will be retiring this year at age 60... Read More
Most small businesses simply go about their daily business and... Read More
As a home business proprietor, you may already realize why... Read More
How a donation is different from a sponsorship and what... Read More
CONSIDERING COMPANY NEEDS: In identifying your needs for the internship,... Read More
There is a great deal of abuse going on in... Read More
Business owners rarely go into business to deal with the... Read More
The current lack of industry leaders represents an exceptional opportunity... Read More
Franchising companies often use Business Broker to help attain sales... Read More
Every business plan book tells you how the Executive Summary... Read More
If you own a Pressure Washing Company and wish to... Read More
Think the best way to get more customers is to... Read More
The FTC Franchise Rule maybe changed, as the Federal trade... Read More
Most folks in the pressure washing business are happier to... Read More
E-mail and Internet use are integral parts of the typical... Read More
You are probably hard at work promoting your business (and... Read More
Small Business |