Are you looking to start a senior care business but have no idea? here are 50 best senior care business idea opportunities for 2021.
According to the US Census Bureau, by 2030, more than 20% of US residents will be 65 years of age or older. against 13% in 2010. This estimate is estimated at around 65 million. It is also reported that by 2033, the population aged 65 and over is expected to exceed the number of people under the age of 18 for the first time. By 2060, the number of seniors is expected to more than double, with people aged 65 and over making up almost a quarter of the population.
That’s an impressive number, and this market will only grow. One of the most numerous projects is the market segment and the senior segment is emerging as a huge lucrative niche that should grab the attention of any seasoned entrepreneur.
Indeed, there are business opportunities that can be seized to take advantage of this boom in the elderly population in the United States. If these numbers are of interest to you, we have listed some business ideas that will allow you to profit from this segment.
Since the elderly are a delicate group of people who find it difficult to trust people and their motives, there are some things you should keep in mind before starting a business in this industry.
First, older people hate to think of themselves as old and disabled, so whatever you do or sell, you need to present them as healthy, active customers. You need to focus on how your product or service helps customers stay independent, enjoy life, and stay fit.
Second, you have to trust yourself, especially if your service is to access residences for the elderly. You must be licensed, insured and affiliated (if relevant to your industry). Since seniors are more likely to trust the businesses they hear from friends and family, word of mouth is key to reaching new customers.
Third, you need to use a marketing campaign that speaks to them. You need to know if your senior segment is online or prefers to receive emails. Confusing things ensures that your marketing efforts are in vain. However, here are the business ideas that are more likely to appeal to older people, especially baby boomers who are still active.
50 Best Senior Care Business Ideas for 2021
- Senior Nursing Consultant
These professionals help find the best living environment for the elderly, whether it is the home, daycare or facility for the elderly. Your business will need to work with community services and local government agencies to help seniors get referrals.
- Home renovation / renovation
As people get older things change and they may not be as flexible or agile as they used to be. Seniors who want to stay in their homes as long as possible will need to outfit their homes with things like wider doors, shower rails, and other changes that make the home safer and more accessible.
- Senior tourism
If you are good enough at organizing events and trips, you can start this business very well. Plan short trips and tours for the elderly with the maximum convenience you can offer them. The more you empower them, the more responsive your business will be.
The level of comfort you offer your customers keeps them coming back to you often. This can be seen as a seasonal activity as trips are not planned every day of the year. You can use the concept of membership to have a stable income.
- Home services
Almost three-quarters of seniors own their own home, but as they age they may prefer others to take care of services. Household services such as cleaning, lawn care, and handyman services aren’t just for seniors, but targeting this clientele can help you build a successful business. Earn the trust of the elderly and their adult children and you will have more referrals than you can handle.
- Nutrition / exercise consultant
This is another lucrative business idea in the senior industry because seniors will love a place where they can exercise with like-minded and aged people. You can work with physiotherapists, geriatricians, fitness centers, and other organizations. targeted at seniors to deliver fitness and nutrition programs to their patients and / or clients. You can also sell your services to individuals. Yoga, Pilates, dancing, and swimming are popular exercise programs for the elderly.
- Non-medical home care
For seniors who choose to stay at home instead of moving to a retirement shelter or nursing home, service and housekeeping can become more difficult with age. These challenges open up many opportunities for service companies that help seniors in the home, including those that do specialized repair and recruiting work.
Your service can allay their worries by helping senior customers with day-to-day tasks such as attending receptions, shopping, cleaning and cooking so they can stay at home longer. You will have to sell this service to adult children, as few older people will admit that they need this kind of care.
- Help with medical requirements
If you are familiar with health insurance, Medicare, and the health care industry, you can start a business to help seniors and their families pay their medical bills. You will check bills and medical records to make sure seniors are not paying too much and receiving all of the benefits they are entitled to. Promote your services to senior centers, health care providers, and financial professionals who can refer you to potential clients.
- Home meetings
Seniors and retirees who enjoy traveling in their golden years will need extensive and regular home and pet care services. Contrary to stereotypes, many seniors are very active and like to film whenever they want.
So a reliable steward of your home or a caretaker of your furry babies is an absolute must. This is the key to making sure your in-home service is provided. In the event of a problem, you must make sure that you are protected from the sometimes strict commitments associated with managing the house.
- Dog walking service
Besides pet grooming services, dog walking services are also in great demand. Whether it’s spontaneous day trippers or just someone who needs a helping hand giving pet dogs the exercise they need, a compassionate and caring dog walk can generate decent profits by helping to support the community. This segment is quite lucrative because many older people may not have the strength to give their energetic dogs a daily dose of exercise.
- Financial planning for retirement
The financial aspects of retirement are important for both retirees and families with older members who may need expensive care. Financial planning for seniors has several niches, including educating seniors who want to learn more about financial management and investing.
It has been found that many older people are ill-prepared to make very important financial decisions that can determine whether they will be successful in retirement or end up living well below the lifestyle they are used to. You can help them find out where they stand in the financial foam and also help them find solutions to their financial planning problems.
- Sale or storage of property
Due to certain circumstances, not all older people stay at home where they are raising children. They can go to bed or possibly move to a retirement home. If so, they’ll need help selling or storing a property for life. You can set up self-service devices where these baby boomers can store things they don’t want to part with, from antique furniture to precious kits they have on the go.
Entrepreneurs looking to capitalize on the baby boomer market, especially entrepreneurs with a background in commercial real estate, would be wise to consider buying or developing self-storage properties. Another business idea in this segment is the creation of a service that will allow antique dealers, real estate sales managers and other members of the antique community to communicate online with seniors who want to sell some of the antiques they need. ‘they bought at the time.
- Senior transport
Many older people are no longer able to carry out their daily activities for one reason or another. Until now, options for the elderly have been limited, and transportation has tended to be an impersonal ride in the back of a van provided by a senior center or community service.
Losing the ability to drive can be devastating, and you will benefit if you can find a way to enable older people who can no longer drive a car to get to where they want to – and get there in style. For the more affluent elderly, you can provide specially equipped limousines to replace local taxis, and for the elderly who live in small towns or parts of towns, you can provide small buses that will carry passengers on a schedule. flexible.
To stay ahead of the competition, you shouldn’t limit your transport services to the day, as there are older people going to dinners and parties, yes most are still active.
- Senior concierge service
The senior population is steadily increasing with the age of baby boomers, creating a strong market for senior janitorial services. This service provides additional insurance for families and seniors who live in certain areas of the country. A senior concierge service can provide both transport escorts and home delivery services, depending on what the client requests. Think of beautician services, dry cleaning, mobile vets, home help, anything that makes life easier for the elderly and also allows them to use their disposable income.
Many seniors may need a concierge service to run errands that involve a number of legal risks, such as banking or obtaining prescription drugs. Depending on the medication, you may need to sign forms, show ID, or even get permission from the client’s doctor before you are allowed to collect it on behalf of the elderly client.
- Provide adult day care
An adult day center is generally a non-residential facility that takes care of the health, nutritional, social and daily needs of adults as part of a team of professionals. Adult day facilities can provide a variety of services and activities, including feeding assistance. taking medication, using the bathroom and / or walking, counseling, educational programs or mental stimulation. providing assistance to caregivers, who are usually spouses or adult children. Knowing that their loved ones are in a safe and nurturing place during the day, caregivers can shop for groceries and even enjoy some free time.
- Technical training
Many old people are not sufficiently dependent on technology, as they now live alone and no one can help them in such activities. As seniors strive to maintain their independence in as many areas of their lives as possible, they are more likely to benefit from the idea of learning to operate the various technical devices they own.
To run this business, you may not need to understand coding and other similar network tricks, you just need to know the basics of computer and internet. Your customers probably won’t ask for more.
Helping older people succeed is key to winning over the remaining 78% of older people who, due to lack of access, skills or bullying, have yet to exploit. Internet Technologies: These services are essential in helping older people who are not on the information highway.
- Online dating service
Tech-savvy seniors don’t stop at emails, because online dating also receives its fair share of attention. Since single elderly people tend to be bored most of the time, they prefer to go out together or just look for friends online to keep them company.
The concept of a dating service professionally and personally dedicated to their individual needs is a hospitality service for them. Of course, this business is live so you should get a neat and easy to navigate website. You need to make sure that your site is protected from predators. If promoted effectively, it is a great niche service.
- Mobile living room for the elderly
It is important that everyone stays tidy and neat, and the same goes for the elderly. The inability of older people to leave their place plays an important role in preventing them from getting all these basic necessities. You can change the rules of the game by offering this unique service to seniors.
All you need is a very comfortable and suitable vehicle with the necessary salon accessories such as scissors, combs etc. And for this you need a professional hairdresser, beautician or anyone else in the field of beauty services. your business to the top and will bring you profits within a few days of starting the business. This strong statement stems from the lack of such services. The demand for a particular service always takes it to the next level, and the mobile lounge is no different from this rule.
- Online shopping for seniors
Like all other shopping websites, seniors also deserve a website to shop for their essentials. The need to create a site dedicated to businesses here is that not all sites offer products for seniors. You can create one that provides everything you need in one place. Thus, the chances of playing a monopoly are high and the prices can also be higher due to a lack of supply in the market.
- Home health services
It is a company that employs experienced people. You will need to purchase medical supplies or equipment to do this activity. Qualified nurses are the backbone of this business. Since this activity is linked to the provision of medical care, maximum attention should be paid to the quality of service. This business can be used by the elderly who need medical assistance or home care.
Nurses from your service company will be referred to the client for special care. You can bill your customers monthly. So, this business is akin to a home care business, but the help is provided by qualified and experienced nurses. This sector will follow hospitals and is more like a mid-sized company providing post-treatment care. Make sure you only select certified and experienced nurses for your business.
- Moving services
This service is similar to helping people pack their bags and move to other places. The difference is that here you will have to take full responsibility for serving the elderly. Your customers will be the ones who don’t have anyone to help them move. When these people come to you, you will need to take care of all the transfer work.
He begins by packing the items from the previous house into the new house. Every now and then, you will need to have full control over the paperwork whether your client is buying or selling a home. The final part will be preparing your new home for life, and for that you may need to cover all the work from the slag to the electric bill. In this business, the income you earn is usually high because the service is very active. You will need to hire enough employees to better serve your customers.
- Manufacture of wheelchairs
Invest your money in the production of wheelchairs and contact NGOs or hospitals to hand them over to the elderly who need them. In this way, you will get more profit because the number of orders will be higher. Even if you don’t have enough contacts to sell manufactured wheelchairs, you have the option of using them for events where people are renting your wheelchairs. Thus, the chances of loss are much lower. Another option is to sell it on websites that have a special category for medical devices.
- Manufacture of equipment with alarm support and GPS
A new method of maximizing the attention of the elderly is the use of technology-rich devices. You can make a portable device with alarm, GPS, and flashlight to locate the elderly. The same works with GPS, where retirees are tracked if they go missing. This activity is only based on your customer’s specifications.
- Create devices that make life easier
Many older people can be disabled in one way or another, and these older people will be happy with any invention that makes their lives easier. You can start a business that meets this need by making handmade reeds or running a retail store that sells and / or rents medical equipment. such as wheelchairs, oxygen delivery systems, mobility aids, etc.
You can also create devices that close and open things with just the push of a button: blinds and thus you can control awnings, jacuzzi covers, pocket doors, garage doors, windows, etc. other devices to make life easier and safer for the elderly.
- Offer special services
As people get older, they increasingly need medical services such as physiotherapy, massage, orthopedics, etc. There are also growing opportunities in alternative health services such as acupuncture, Chinese medicine, aromatherapy, and naturopathic medicine, and you can take advantage of them.
- Gardening and lawn maintenance services
Gardening is something that many enjoy, but it can be physically demanding for older people. Due to arthritis, gardening jobs such as weeding, planting in a vegetable patch, or mowing the lawn can be very difficult, forcing someone to do all of these and more.
Even young and busy people don’t necessarily have the time to do basic yard maintenance. Many areas ban the use of pesticides and force homeowners to reduce their water use, so services like green weed control and drought-tolerant landscaping can be appealing to customers.
- House cleaning services
Housekeeping services are also popular with seniors and young people with reduced mobility or people who simply don’t like housework. Like household pets, if you plan to start cleaning, they will need to be tied up and insured. Housekeeping businesses are easy to expand as consumer demand increases. Lawn maintenance services can be made into an all-season business idea by adding winter snow cleaning where appropriate.
- Handyman services
From cleaning the garage to installing blinds or moving furniture, there are all kinds of household chores that older people may not want or be able to do on their own. If you have the skills to do home renovations, things that make it easier for seniors to move around their homes like railings, bathroom renovations, installing handrails, etc. can provide a job. unending.
- Window and gutter cleaning services
Falls are a major cause of unintentional injury in older people, so any activity that might involve climbing stairs is not a good idea for older people. In fact, most people don’t want to do these things, so why should older people? One of the most successful businesses you can run is window, siding, and gutter cleaning, and you can be booked months in advance. If you are looking to start a window / gutter cleaning business, make sure you think about safety first and have adequate insurance for yourself and all of your employees.
- Service runs
If you are looking to start a business that does not require any skills or capital, this is a good option for you. Most baby boomers need help with certain tasks and errands, and they or their children will gladly pay you to help you with these tasks.
- Life enrichment coach
The lifestyle changes that accompany aging can cause problems ranging from loneliness and isolation to depression. As a senior life enrichment coach you can help your clients find new meaning in the years to come. To be successful you need to be well aware of the issues facing older people in your area; Talk to social workers, the elderly, and nursing homes to get a better idea. As a coach, you can suggest alternative activities, find companionship, guide people to community resources, and help clients find ways to fill their days.
- Senior shop
As people get older, their needs become special and the items they seek in stores and stores begin to change. Unfortunately, some of these items are hard to find in regular stores. Thus, a store dedicated to supplying all products adapted to the particular needs of the elderly will become an active business. Some of these items include; walking aids, adult diapers, supplements, magazines, healthy drinks and snacks.
- Driver assistance
Ease of movement is important for everyone, including the elderly, but as they get older it becomes difficult for people to drive or take public transportation, or even maintain their cars. So here is the opportunity.
You can operate a business that attracts drivers who are trained to meet the special needs of older customers. Drivers will need to sign a contract with you while you hire their services for seniors who need them. You should know that you will be held responsible for any wrongdoing by any driver below you.
You may also come across situations where the drivers simply do not show up and it may happen that they quit without notice, this situation can be avoided by immediately sending a replacement. If your driver fires their employer, you have to shoulder most of the return on your investment, so you need to properly address the people you hire for this service.
- Yoga for the elderly
Yoga is a great exercise for the elderly. Increases flexibility and strength; it also helps people sleep better and improves their sense of well-being. A certified yoga teacher can often customize the movements to meet the needs of the elderly.
Specialty Yoga Teaching Classes for Seniors educate yoga teachers about the medical conditions that affect older adults and how to safely adapt postures when working with aging. body. A yoga teacher can then offer specialty classes for the elderly, work with individual clients at home, and contract with nursing homes to provide on-site classes.
- Investment advisers
Investment counselors help seniors manage their financial resources so they can earn a lifetime income and keep money for their families and communities. You don’t have to earn a finance degree to become a financial consultant: some people in business have graduate degrees in areas such as education or psychology. While working in their daily work, they take courses to qualify them for a career.
- Collection and delivery service
Seniors who cannot go out can take advantage of the home delivery and delivery service. Opportunities include grocery shopping, dry cleaning, laundry, and vet visits for pets. A van, station wagon, or pickup truck can come in handy, especially if you plan to transport larger items or pets. Win customers by depositing business cards at senior hubs or live communities.
- Senior real estate service
In the older years, a lot of things start to change, including living conditions. Some retirees are hoping to move to a warmer climate after retirement and need help selling their homes and buying a new one. Career opportunities include helping seniors sell their existing homes or working as a buying agent if you live in states like Florida or Arizona.
It is also important to remember that finding a retirement home does not necessarily mean finding an independent home to buy or mortgage. This could mean finding an apartment or renting an apartment. There are as many options, if not more, for the elderly as there are for anyone involved in the search for housing.
- We sell fashion and entertainment souvenirs
Some older people lived an active social life when they were younger and take every opportunity to relive such experiences. You can set up a store that collects and sells “blasts from the past” – music, artifacts, books, electronic gadgets, etc. An entertainment business or a store specializing in this area will surely thrive.