The Best Small Business Investment in the 21 Century is a Personal Care Business
By ERNEST G. FLAGG, MPA, RN
11/08/2014
home care consultant
I am always ask about the best small business investment of this century. Group homes, personal care homes, adult care homes, residential care homes are a kind of private community base houses which have been provided with a license from the state government to take care of residents on a 24 hour bases. Usually around 4 to 6 residents reside in one home and a staff is there to provide care, assistance with hygiene and grooming and provide 3 meals a day with snacks. Other daily caregiving duties entail monitoring blood pressure, blood sugar, dressing changes and assessing for health and safety. These homes offer an attractive and feasible living option for individuals who need a home like environment to reside particularly since everyone can't afford nursing home life and the staffing ratios in most are generally unsafe. For a free consultation, you may click here:
If you are planning to start up your own personal care business, investing in personal care homes or group homes can prove to be a profitable solution for you and the best small business investment you have ever made. How do I know? Because as a personal care business consultant with 20 years of experience, with a Masters in Public Administration and a license as a Registered Nurse…not only am I an expert in this industry but I have made many business dreams become a reality.
See our best small business video: https://www.youtube.com/watch?v=O5WE0JbxmDw
Considering the following: According to US Census, seniors constitute around 1/3rd of the world population. Home care companies are small business ventures that help home bound individuals other disabled adults by providing them with light housekeeping services, personal care services and assistance with errands. These services allow the individuals to stay in their own personal houses rather than moving to some other place.
If you search the market for franchise options to open up your own group home or personal care home, you would be lost in the crowd of opportunities but also the extremely high startup costs. We are not a franchise, nor do will we own any percentage of your company. You should also be turned off by the high franchise fees and the notion that someone else is making more money than you and off your hard labor and efforts. So it is often advisable to open up your own personal care business but with an expert consultant such as Nursing and Behavioral Health Services (NBHS). This is most beneficial because you can control and manage every aspect of your business all by yourself. We simply provide ongoing consultation, develop your program materials, get your trained, offer business support services. Basically, we assist with the entire start-up and licensing process to get you going. Moreover, you would also be saved from paying up a franchise fees which can cost you up to $50,000. Below are a few expert tips for those planning to open a personal care business.
• Program Material First: Just know that the most challenging part of getting a home licensed rise and set on having a well written program package. The services you provide and makes you company different will be the backbones of your program and success. You can have the nuances of your program material and company will set you apart from others and get you recognized. On the other hand, with well written program material, it can be utilized on just about any home in any state and survive the licensing process. However, without it the home you are leasing or have purchase will go nowhere fast.
• Location is Crucial: Make no mistake…walkable communities are the best and are sought out by those in need of group homes or placements for their loved ones. Just being bold about it, I'm not placing my loved one anywhere they she can't safely walk around in the community.
• Marketing Matters: Start marketing your business early and well before it is licensed or the startup is complete. Seriously, getting licensed is one thing but getting placements to fill your empty beds is another challenge. You are new and people don't know your name. Make it your weekly duty to introduce the world to your brand by business cards, brochures, community events, radio, tv, internet and even knocking on doors. The grocery store should be an opportunity not to just get foods but to promote your thing…hand out a few brochures while picking up the bread.
• Good News Travels Fast, Bad News Even Faster: Invest in your employees and vet them well. Remember your reputation is on the line and employees can make and break a business. You will have to train them and provide ongoing training and development to keep them on track.
• Determine Your Population Served: Ask yourself what population you will serve. Will it be mentally impaired, developmentally disabled, Alzheimer's, medically fragile or senior care? Whichever you choose, know that it will be written into your program and the training and the retraining of your staff will have to be aligned with the needs of the populations you will be serving. As the Administrator of any personal care business, your training also should be on point with the populations you serve. And, by all means…no employee should know your business better than you. Not one!
• Org Structure and Day to Day Affairs: Define the organizational structure of your business. Will your have live in staff or operate by shifts. There are advantages and disadvantages to both. Who will run the day to day affairs of the personal care business? If for example it's a group home and you plan to have shifts, one option is 3-8 hour shifts with one employee one each shift and 2-12 hour shifts on the weekend and 1 employee covering each shift then. Just know that in this scenario, you will rack up plenty employee hours.
• Don't Buy so Fast!: With the national state of real-estate still in its recovery phase, leasing office space for a home care company or a home for use as a group home is such an appealing option. What is needed is the right well written lease agreement give you the right to make modifications and first right of refusal when it comes to purchasing. Several other essential element re required but you can contact us for that conversation.
Starting a personal care business is one of the best business ventures now and according to the US Census Bureau even in the years 2030. With a small investment, you could earn rewarding profits. But make sure you have NBHS as your personal care business consultants because we make entrepreneurial dreams and residual income a reality. Visit our website at: or phone us at: 800.214.2611. Click here to see a bonus video on How to Start a Group Home in Any State: https://www.youtube.com/watch?v=26raCWdx3Q8