Starting up an elderly care business

[flower]

An elderly care business is a very lucrative business that you can start out but before you venture into this business , it is needed to have relevant skills on how to take care of the elderly people. The most important skill that you need in this business is communication and patience. You must also learn how to take care of people and you must be compassionate as well. Those are the attributes you need to possess if you want to establish this type of business.

 

[Springtime]

I agree that setting up elderly care home is a lucrative business. In my place, the population is aging and there are shortages of elderly homes. We have elderly homes run by NGOs or the government, but the waiting time to go there is very long. Private elderly home is in high demand. But to run this business, you have to be a compassionate person, be patient and work long hours.

 

[nomad]

If you target families who have elderly relatives but do not have time to look after their elderly relatives this can be profitable business, especially in the urban areas. But you might have to invest a lot

 

[Starmix]

That's a very good business if there is also a huge capital needed. Just imagine the binding, the caretakers, the aircon, the materials, the comfort inside, and more. There are also many permits to comply.

 

[SHAHID987]

It is very good business but it required a lot of patience and expertise. Every individual can't do this. Nowadays sad stories of homes as people send their parents in old houses. Till date we are far away from this shameful act.

 

[flower]

Starting up an elderly care business is a lucrative business provided to have enough experience and you must be able to understand the needs and preference of your clients .

 

[eldavis]

I don't know how lucrative this business is in my location though but in most places it is a very lucrative business. Though you will need professional hands to Carter for them.

 

[Starmix]

This is a good business especially if it's located in a quiet location and surrounded with the beauty of nature. It's strategic and logical to have the location of a business like that.

 

[Ratine]

There so reports that that kind of business is not for everywhere in the world. I have heard that in Europe and most likely in the developed countries such businesses really thrives.

 

[Starmix]

This is a very good business apart from earning, the owner is also helping the oldies to have their own peace mind living with her or his peers. This surely booms .

 

[timewo]

It is a very lucrative business, since many people are willing to pay a large amount for a caretaker to take proper care of the parent. The agency gets a commission every month for the payment to the caretaker.

 

[Starmix]

The owner of the care giver center is considered a hero for helping the elderly find their extended home apart from gaining from the tents per room and other accommodation for the elderly.

 

[freelancermaria]

Yes, establishing a business that caters to the needs of senior citizens would be a smart decision, especially if it is situated in an area where there is a significant population of elderly individuals who do not have anyone to look after them. However, starting such a business would entail a considerable amount of capital.

 

[Starmix]

There is no bad business as long as your intention is pure which is to help the people in the community where you first established your business. Just do the right planning and be kind to the people in the community.

 

[Authenticity101]

An elderly care business is a good one to venture into. It truly requires you to be skilled on how to care for the elderly. It also requires you to have a good space, equipments and all materials necessary for a good home for them. Somewhere they will be comfortable and have fun in their old age.

You also need medical experts and medical equipments since most elderly people have several conditions that need to be managed. So a nurse and pharmacists will be some of the stuff you hire.

 

[Starmix]

This is a good business apart from helping the elders find a home where they are most welcome. Parents will be sent to a home care if all their children already married and can't take care of the oldies

 

[bestwriter]

The specfial needs of the elderly should be kept in mind. What comes to mind is something to keep the elders active both in mind and body. A family atmosphere is also welcome.

 

[Stardom22]

That kind of businesses seems to be very profitable in the developed countries because of the ready market.

 

[Bisolami]

That kind of businesses seems to be very profitable in the developed countries because of the ready market.

It is very profitable and at the same time, it is a difficult thing to be taking care of the elderly ones and that is why it is more profitable because of the amount of money you’d charge them

 

[Sanjeev]

It is good to have such business because these days there are lots of families who have money but don't have time to look after the elderly people.