Residential care facility for the elderly business plan

Personal Assistance Services Sales Forecast It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available on the field. Below are the sales projections that we were able to come up with for the first three years of operations; First Year-: Please note that the above projection might be lower and at the same time it might be higher.

Residential care facility for the elderly business plan

Knowing how to start a home business caring for elderly people is a potentially lucrative idea. Receiving basic assistance with activities of daily living such as cooking, cleaning, errand running, mobility and self-hygiene allows many elderly individuals to remain safely in their homes, avoiding the high financial costs, loss of dignity and independence and diminished quality of life often associated with nursing homes and long-term care facilities.

Starting a home business caring for elderly people does not necessarily require much startup capital or education, but compassion, patience and good communication skills are invaluable to success in this type of service business.

Business Research Review the laws in your state regarding elder care service providers, as well as elder abuse identification and reporting procedures. Some states may require individuals who provide direct care to elderly persons in their homes to receive certain training i.

Necessary Training Obtain any necessary training or certification. This usually requires only minimal education and can be completed during the process of opening your business. For example, nurse aide training usually lasts only 4 to 6 weeks, and CPR certification is often obtained through a single hour course.

residential care facility for the elderly business plan

Operations Management Designate an area of your home to serve as an office, and set up a computer, printer and phone line solely for business use. Additionally, you will need to document what tasks were performed, the general condition of the elderly person and any other important information every time you provide care, as well as record financial or relevant medical information.

Typically, documentation pertaining to care provided will occur on paper forms that are carried with you and filled out immediately after the visit, though financial records may be kept on the computer for use with accounting software.

When setting up your office, ensure you have adequate storage for paper records as well as secure electronic storage and a means for backing up information on your computer. Making It Official File a proposed business name with your local County Clerk or Secretary of State, according to the rules of your state.

Try to choose a name that clearly indicates you offer home care and assistance to elderly persons, but be careful as some localities may impose restrictions on certain terms or reject your business name if it could imply you offer licensed medical treatment or services.

residential care facility for the elderly business plan

Contact your city or county government for information pertaining to any business licenses or zoning permits that are required and how to obtain the necessary permissions. Even if you are a sole proprietorship with no employees, an EIN helps to protect you from identity theft and if you choose to hire additional care providers later, your number is already available for use.

Usually, you can use your federal EIN to register with state and local tax boards for business taxes as well. You may also wish to become bonded for extra security and protection; discuss this with your insurance provider, if desired.

Market Your Business Begin advertising your elder care business and seeking clients. Additionally, create a website and consider taking out ads in local newspapers and senior-oriented publications. Tip Most states do not allow elder care agencies to provide any type of medical care, including medication administration, without a valid physician, nursing or related license.

Warning Most states do not allow elder care agencies to provide any type of medical care, including medication administration, without a valid physician, nursing or related license.Business Plan for Platte County Assisted Living Facility Page 3 provide exceptional care at an affordable price, implementing industry “best practices”.

To update your business information, please complete our Business Information Form.. The Town of Lumsden hosts a Sign Corridor on Highway If you are interested in advertising your business in the Sign Corridor, please see the Sign Policy and Application.

Browse our extensive and trusted directory of services related to older people. Including a database of community groups, organisations, home services, rest homes, retirement villages, residential care, private hospitals, dementia care and elderly services.

The Care Quality Commission (CQC) is an executive non-departmental public body of the Department of Health and Social Care of the United was established in to regulate and inspect health and social care services in England.

It was formed from three predecessor organisations. WHAT IS LONG-TERM CARE? Long-term care involves the assistance or supervision you may need when you are not able to do some of the basic "activities of daily living" (ADLs) which are, generally, eating, continence, bathing, dressing or moving from a bed to a chair.

An Assisted Living Residence to provide alternative care services and Protective Oversight to Health First Colorado (Colorado's Medicaid Program) members.

How Do I Start a Home Business Caring for Elderly People? |