A lot of very careful planning will go into starting your own homecare business. You should rely heavily on your research and experts who will advise you about the best ways to get started and what you need to do before opening your business. Contacting experts and other professionals who currently run successful homecare businesses will reduce the chance that you'll forget an important step, and they will also be able to give you tips for getting started quickly and making money fast that you might not find in a book.
- Skill level:
- Moderately Challenging
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Decide what type of homecare business you'd like to start. You have many choices. You can start a home health nursing service or nursing agency, or you can limit your services to companionship, light housekeeping, and personal care, such as bathing, dressing, and medication reminders. Companionship services won't require you to hire trained nurses. You also need to decide which types of clients you'll be working with, such as elderly, disabled, Alzheimer's patients, or people recovering from surgery. To learn more about homecare business options, search a website like Amazon.com for books about homecare businesses. You can also visit your local library.
Define your financial resources and goals, mission statement, client base, and marketing techniques in a well thought out business plan. Templates for business plans can be found in many books and by searching for resources online. Once you finish your business plan, you'll have a clear idea of how to start your business and build it in the future.
Meet with a lawyer, insurance agent, and accountant in your area. Make a list of questions before meeting with each one. You need to learn how to cover yourself and your employees legally, and you need to purchase all insurance plans that will be necessary for your type of business. For example, if you have employees, you'll need to purchase Worker's Compensation insurance. Meeting with an accountant will ensure you keep track of all your bookkeeping, such as invoices, expenses, and employee paychecks, correctly, and your accountant will most likely be necessary for preparing and filing taxes.
Ask your accountant and your lawyer about licenses, permits, and registrations needed to open your homecare business. Information about registrations and Tax ID numbers can be obtained by contacting the Department of Revenue in your state. A business license and any permits, including Seller's and Zoning permits, can be applied for through the city or county where you'll be operating your business.
Define what you want from the ideal employee, and place this information in print and online job ads. Start with your local newspaper and online job sites like CareerBuilder.com.
Contact the potential employees who meet the criteria you defined, and set up interviews. After deciding which potential employees best meet your criteria, contact them to offer them a job with your homecare business. Be sure to keep the information for those candidates you interviewed but didn't hire in case one of your employees doesn't work out.
Purchase all office and medical equipment and supplies you'll need to effectively run your business. Office equipment might include a computer, fax machine, and filing cabinet, while medical supplies might include stethoscopes, syringes, and first aid kits. Also, purchase all necessary office supplies in advance, such as files, notebooks, and writing utensils. Make sure you have copies of your business card, letterhead, and envelopes printed before opening your business.
Start marketing your services using print and online resources. Place an advertisement in your local paper. Build a website. Network within the community, and let everyone you know your business is up and running and that you're accepting new clients. To learn more about marketing a small business, visit your local library or purchase books to keep as references. Many marketing books will include simple how-to instructions for traditional and virtual marketing techniques.
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