Do you have 5 minutes to spare?
Maybe you don’t think that 5-minutes matters but senior care business owners would tell you that every minute counts when starting your business.
If you have 5 minutes to spare, take the time to step closer to starting your senior care business.
Watch this video clip of the 4 key questions to ask yourself to evaluate if this is the right time for you to start a home care, hospice or personal care home business.
Ask Yourself These 4 Questions
If you are ready to start your senior care business, whether a home care business, hospice program or personal care home business, ask yourself these questions. It’s always important to research and get clarity on the factors involved in starting a senior care business.
1. What is my target timeline?
-Hospice: 1-2 years to start a hospice program
-Personal care home: 3 months to 9 months to start a personal care home business
-Home care: 6 months to 1 year to start a home care business
Your personal goals and timeline to start a senior care business will also help determine which of the business models will work best for you. The above-estimated timelines will give you a reference point to start with as you consider which type of agency to start.
2. Can I be the owner and operator?
-Personal care home: Yes
-Home care: Yes
Each business model and the corresponding state will have distinct requirements for being an owner and operator (administrator). In general, you can become both an owner and operator of a home care business, hospice or personal care home business.
Keep in mind there is no requirement that an owner must necessarily be a medical professional, however, there are qualifications that must be met. These qualifications include a criminal background checks in most states.
3. What is your lifestyle?
-Home care: Generally 9am-5pm business/office hours
-Personal care home: 24 hour business hours
-Hospice: 24 hours business hours
Interesting question? Yes, it will be important to ponder the impact of owning a senior care business will have on your lifestyle. While you may not be required to sit in an office for 8-hours a day, owning a senior care business is a responsibility that may extend past 8-hours a day.
4. Can I start in my own home?
-Home care: Yes
-Personal care home: Yes
-Hospice: Not recommended
If you start your business in your own home, however, consider the environment and impact on your family? Ensure that you think through te various factors and understand how your senior care business will impact your situation.
Certainly, starting a business in your own home has many advantages. These advantages include eliminating commute time, eliminating or keeping certain startup costs down, and being in control of your own schedule. I am an advocate of business ownership because I believe in the massive positive impact business ownership can have on your own individual life and on the community you’re serving.
Starting a senior care business is an exciting and rewarding opportunity.
“The tips CF Consulting transitions to new owners is awesome!” Nigel D. Home Care OwnerRead More
“We needed assistance with our license documents. We had been struggling as they were very confusing. We were referred by another company, the best referral we had ever got. Promptly everything was explained by your consultant. The consultant went even further and set up the entire sections we were struggling with. It took such a … Continue readingRead More
Watch this video to hear about iCare Personal Care Home, Atlanta, GA. To get your hospice, home care of personal care home program off the ground, go to cfconsultinginc.com.Read More
“Working with Cassandra has been good for my business. She picks up your call and she values your business.”Read More
…[Our] hospice is not about the money. It’s about what God has called us to do…We couldn’t have done it without you…Read More
I want to thank you ever so much for all the professional guidance, assistance, and support provided to [us]. Your excellent services helped our agency become licensed in July 2014… This would not have been possible without you and your fine company… I look forward to using your services with continued growth of our Hospice.Read More
Not only did you take the time to meet with me, but you were able to go in such detail about the ins and outs of the business. You made me feel comfortable in every avenue of my new venture. I found that this industry can really be tough. It’s hard to get information from … Continue reading Shay S., Personal Care Home Owner, Marietta, GARead More
Your company was just what we were looking for. We appreciate the time you spent listening to our needs and understanding the nature of our company and how we operate.Your great work assisted [us] in obtaining permanent licensure for State and Medicare. We are truly blessed and appreciate your assistance in every way.Read More
Our hospice was growing and [CF Consulting, Inc.] provided collaboration, leadership and education in all aspects of hospice care. As a new DON, Ms. Freeman introduced me to the world of management. She is very knowledgeable about the hospice process regarding state regulations, Medicare guidelines and hospice appropriateness, Her services are solid and secure. We … Continue reading Nancy W. RN MSN, Hospice Director of Nursing, Atlanta, GARead More
CF Consulting takes the time and care to get to know your company. They handled a mock audit that covered not just the complexities of Medicare Rules and Regulations to assure compliance but also our daily operations. Change and correction can be a tough process, but can be made easier when you have the right … Continue reading Tina T., Hospice CEO, Fayetteville, GARead More
We received our Medicare-certification and state-license with the assistance of CF Consulting, Inc. I communicated the parameters and they were met as per target dates. CF Consulting, Inc. guided the process from the initial application to implementation. Their knowledge of hospice regulations and management truly started our company in the right directionRead More
CF Consulting was professional from start to finish. They delivered results within established milestones and exceeded our expectations.Read More
Everyone that I have referred to CF Consulting has left with a better and broader sense of what it takes to run a Personal Care Home. The key to succeeding in the Personal Care Home Business is to have a heart for helping people. CF Consulting, Inc. has that quality….Read More