In a business, there are various target segments. Majority of people who wish to start a business will focus on the common crowd. This common crowd comprises of men, women and children, but the men and women part of this crowd confines to only adults and not senior citizens. Thus, you can clearly understand that there is very less businesses running in the market to serve elderly people. You can very well make use of this prevailing situation and start your business in this exceptional field. As already mentioned, since the count of firms serving senior citizens is quite less, demand for this service outweighs the supply.
Before taking any decision on investment, be clear on the type of business which will give you maximum profits without much expenditure. Making it simple, choose to invest in a business for which the resources are easily available or is already at your background. Some of the elderly care businesses which stay in higher grades in terms of profits are listed below. You can choose one among them considering your interest and financial strength.
Mobile Salon For Senior Citizens
It is important for anybody to stay neat and groomed and it applies for the elderly too. The inability of elderly people to move out of their place, play a major role in stopping them from having all these essentials. You can be a game changer by providing this unique service to elderly people.
All you need is a very comfortable and suitable vehicle with salon essentials like scissors, combs, etc. And with this, you will need a professional hairdresser, beautician or take any person in the field of beauty services. This crew together will lift your business to heights making your investment into profits in few days after the start of the business. This strong statement is due to the insufficiency in the number of services like this. Demand for a particular service will always take it to the next level, and mobile salon is no different from this rule.
In-Home Care Services
The busy world today has made a huge difference in people’s lifestyle. Irrespective of the gender, elderly people have no special care at home. Senior citizens have created a space for new businesses, and this indirectly shows the engaged schedule of their housemates. Having this, you can open a new agency or a company with trained staff. These staff members aren’t skilled, but are people who are good at washing, cleaning and other domestic or household work.
Once you have made the whole crew ready, you can make your concern popular for these in-home services. It is basically sending your workers to the place where they actually need to serve the senior citizens.
Non-Emergency Senior Citizen Transportation Services
Of all the necessary things a senior citizen has to have in life, transportation takes the most important place. This is because, leaving the age aside interaction with social elements is something which makes a human complete. But due to certain unpredictable reasons, transportation has become a very rare happening in elderly people’s life. As a solution to all this, you can create your own transport firm with appropriate vehicles and workers providing transport services to senior citizens.
There are two categories in senior transportation business
- Personal transportation
- Medical transportation
The choice is yours, you can do medical transportation if you have the necessary medical items or do personal transportation during their leisure time. Both the services will demand few workers to help them in moving from a place to another.
Personal transportation will include taking them to trips, or places of their personal interest. This business earns you a very good pay especially when your target segment is financially rich families. This is because a person in middle class or below poverty line will not afford to these services.
E-commerce Store for Seniors
Like all the other websites for shopping, senior citizens too deserve a website to shop their essentials. The need for creating a special business website here is that not all the websites supply essentials for elderly. You can create be a one providing all the essentials at one place. Thus, the chances of playing monopoly business is high and the prices can also be higher due to lack of supply in the market.
Home Health Care Services
This is a business which runs with skilled people. You will have to procure medical necessities or equipment in order to carry out this business. The main element of this business is the skilled nurses. Since this business is something which is related to medical care, maximum attention should be given to the quality of the service.
Elderly people who require medical assistance or care at home are benefitted by this business. The nurses in your service firm will be sent to the client’s place for special care. You can charge your client on a monthly basis. So, this business is just like a home care business but the assistance is by trained and experienced nurses. This sector will come next to hospitals and is more like a middle business taking care during the post treatment period. Make sure you select only certified and experienced nurses to run your business.
Food Truck Serving Seniors
This business is as simple as maintaining a restaurant. There is no particular way of carrying out this business, it is just the difference in the way you deliver your service or to the place where you provide your service. Own a truck, make it a cook station and start serving food around your locality. You can either work with an NGO or a government body serving elderly people.
This service is similar to helping individuals in packing and moving for house relocation. The difference is that there you will have to take up the entire responsibility by engaging yourself in serving the elderly people. Your clients will be the ones who do not have anybody to assist them in relocation. When these people approach you, you will have to take care of all the work included in shifting.
It starts from packing the items from the previous house to the new house. At times you will have to have a complete control of the documents if your client is buying or selling a house. The last part will be making the new house ready for living and for this you might have to cover all the work from milkman till electricity bill. In this business, the income you earn is generally high because the service is of high engagement. Have enough of workers to serve better.
Invest your money in wheelchair manufacturing and contact NGOs or Hospitals to supply these to them. By this you will get profits in bulk since the count of orders will usually be more. Even if you don’t have enough contacts to sell your manufactured wheelchairs, you have opportunities to use them for events where people rent your wheel chairs. Thus, chances of loss are very less. Another option is to sell it on websites which has special category for health care devices.
Alarms and GPS Enabled Equipment Manufacturing
A new technique to give maximum attention to elderly people is the use of technologically rich devices. You can manufacture a hand held device with alarm, GPS and torch which will be used to locate seniors. Same works with GPS, where senior citizens are tracked if they go missing. This business is purely based on the specification of your client.
If you are good enough in organising events and trips, you can very well start this business. Plan small trips and tours for aged people with maximum of facilities which you can offer them. The more you provide them with facilities, the more is the response for your business. The level of comfort you give to your clients is what makes them come back to you frequently. This can be taken as a seasonal business since the trips are not planned in all the days of the year. You can make use of membership concepts to have a regular income.