Is starting a business in senior care right for you?

August 21, 2017 - Tags: Startup

Canada's population is aging. As more Canadians grow older and enjoy their retirement, there will be a growing demand for the services of honest, patient, compassionate, and versatile people.   If this sounds like you, then starting a business in senior care could be a good choice.

You might consider starting a business in:

  • Retirement or supportive housing: These are accommodations for seniors who can live independently but want or need some support. Aside from maintaining the property, this support might include housekeeping, laundry, or some personal care.
  • Long-term care:  For seniors with more complex medical needs, these accommodations offer 24-hour nursing and supervision.
  • Rehabilitation and other healthcare support: This may include mobile healthcare support somewhat like housecalls or assistance with bathing and personal care.
  • Recreational and day programs: This could involve community outreach or simply giving the elderly the opportunity to socialize and pursue hobbies.
  • Support services: There are many opportunities to offer support services to seniors and their families such as relocation, transportation, and personal assistance.
  • Hospice and palliative care: For the deeply compassionate, there are opportunities to help the sick and their families.

Because of the unique challenges of senior care, it is important to consider how you will engage this group as a part of your business plan.

The needs of seniors are diverse, and sometimes complex, but this means there are many opportunities for entrepreneurs contemplating senior care.   Consider  the following:

  • Will your business require any permits or inspections?
  • Do you, or your potential employees, have the necessary certifications to offer your services? Is there a need for additional training?
  • Your business may require you to work long or irregular hours. How will you provide your services to customers when they need them?
  • Your business may have significant start-up costs. Do you know where to look for financing, and have you taken steps to assure prospective investors?

These considerations shouldn't deter you from starting your business. The demand for senior care is growing, and it could be a rewarding business for dedicated and compassionate people.

Our senior care start-up checklist can help guide you through the necessary steps to help you  start your own senior care business.


Comments

Posted by Canada.ca on October 11, 2017
Hello Mousumi,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

Licensing and other requirements will vary in Ontario depending on the nature of the services you plan to offer. The How to start a seniors' care business in Ontario guide will provide you with a good idea of some of the possible requirements. Please contact Canada Business Ontario to discuss the details of your planned business.

Thank you.
Posted by Mousumi on October 10, 2017
Hi there,
I am planning to start up a Seniors supportive housing with limited healthcare support - such as PSW, food included in addition to Recreational and day programs.

I realize the checklist includes research and business plan. Please list all the Permits and licences will be required in Ontario (such as WHIMS, CPR etc). Please do not provide the following link https://canadabusiness.ca/government/permits-and-licences/ . I have already checked the Permits and licences weblink mentioned in the checklist. There is a info "Certification for private seniors' residences" for Quebec only.

Does it mean that we do not require "Certification for private seniors' residences" in Ontario?
Posted by Canada.ca on September 19, 2017
Hello Anselma,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

You can use the Senior care start-up checklist for guidance with the start-up process and for useful information specific to the senior care industry.

Similarly, you may be interested in these two checklists:
Cleaning business start-up checklist
Personal care services start-up checklist

If you will be running the business from your home, these tips on setting up your home office can help you plan accordingly. You may also be interested in Mobile point of sale payment systems that can provide a handy way for your clients to pay you from their home.

For questions about starting a business in Quebec, you may also contact a representative from our network at Info entrepreneurs in Montreal or Ressources Entreprises in Québec City

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Good luck with your next steps!
Posted by Anselma on September 17, 2017
I would like to start a nonmedical homecare business in the province of quebec.i need some guidance.i have allready registered my company with a partner
Posted by Canada.ca on September 14, 2017
Hello Kiran,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

You can use our program search tool to find financial assistance, as well as other government services, specific to your goals, your industry, and your location. Refine your search by using the left-hand menu, or by clicking “Settings” at the top of any page.

Our page on Private sector financing provides an overview of various types of financing so you can compare the pros and cons and decide which options are best for you.

Also, the Senior care start-up checklist will provide you with the information and resources you need to start your business. It also highlights useful information specific to the senior care industry.

For questions specific to starting a business in British Columbia, you may contact a representative from our network at Small Business BC

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Good luck with your next steps!
Posted by Kiran on September 11, 2017
Hi,
I want to start a Senior Care Business in British Columbia.
Please may I know the grants/ financing available for me.

Thanks,
Kiran
Posted by Canada.ca on August 22, 2017
Hello Faruque,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

The Senior care start-up checklist will provide you with the information and resources you need to start your business, it also highlights useful information specific to the senior care industry.

You can use the program search tool to find financial assistance, as well as other government services, specific to your goals, your industry, and your location. Refine your search by using the left-hand menu, or the settings at the top of any page.

Our page Private sector financing provides an overview of various types of financing so you can compare the pros and cons and decide which options are best for you.

For business training opportunities, choose mentoring, coaching or/and advising in the networking search tool or contact your local schools or training service providers.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Good luck with your next steps!
Posted by Faruque on August 21, 2017
Hello I would like to more information about this business start and training and is there any money I need show.
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