If you been looking for a career that helps seniors while making a good income doing it, think about starting a private home care business.
A non-medical home care business provides services that help seniors stay independent in their own home. Caregivers help with everyday activities that are difficult for many seniors, such as grocery shopping errands, bathing, dressing, grooming and helping with housework like cleaning and meal preparation.
Most private non-medical care providers are hired by the spouse or adult child when seniors are not able to move to an assisted living facility or prefer home care as a more affordable alternative to institutional care.
Almost all non-medical care is “private-pay,” which means the bills are paid directly by the senior client or someone in their family. This means caregivers get paid much more quickly and earn much more hourly than when billed through an insurance company.
Home care rates for “companion care,” another common term for non-medical care, currently range from $20 an hour to over $40 per hour, depending on the location. Small towns and rural areas, where living costs are lower, are less, and big cities, where living costs are high, tend to be on the high side. Still, the national average is $27 per hour, which works out to $54,000 a year with a 40 hour work week.
Many caregivers who start their own private duty home care business are already working with seniors in a care facility, but want to make more money. For example, Patricia Moore worked at an assisted living facility, and was frequently asked by her patients and their families if she would visit them for pay when they returned home.
This happened so many times, she decided to become a private-pay caregiver and start her own home care service. After a few months, she had all the clients she could handle, and making double what she was paid at the nursing home. That’s the financial advantage to being your own boss – the client pays the same hourly rate, but you get to keep it all, including the profits.
It’s important to remember that starting a non-medical home care business is not going to make you rich over night , but it is a great way to earn a respectable income helping seniors live an independent life. That said, there are many caregivers who start out as a “lone eagle,” then expand by hiring employees because the demand is so great. It’s not that difficult to build a million-dollar homecare business in just a few years if that’s your goal.
Whatever your goals, you can discover more about this business opportunity for caring, compassionate individuals by visiting www.seniorservicebusiness.com Be sure to grab a copy of their free eBook while you’re there!