Ginny Kenyon is the founder and CEO of Kenyon Home Care Consulting, a home health consulting firm that gives agencies a market advantage, promotes creative product development, and offers viable ways to achieve and sustain organizational and fiscal success.
Ginny Kenyon is the founder and CEO of Kenyon Home Care Consulting, a home health consulting firm that gives agencies a market advantage, promotes creative product development, and offers viable ways to achieve and sustain organizational and fiscal success.Tags: Paper Writing MotivationSolving Word Problems WorksheetsEating Healthy EssayCritical Discourse Analysis Phd DissertationEssay Air PollutionCall Essay Wild
It is not just elderly clients seeking out home care agencies.
In fact, many teens and young disabled adults need home care as well.
Since most home care startups do not earn profits in the first few years, your business plan should lay out how you will pay your bills, expected income, and other costs during this period. Lack of Imagination in Services Your home care startup needs a unique selling point.
If your agency only focuses on elderly care, you are alienating a large pool of potential business.
This, of course, leads to not enough revenue to stay open for business.
If you start a home care business in a highly competitive region, you may find it difficult to beat out the competition without your own unique selling point.Most startup failures share similar mistakes that helped close their doors.From not having enough financial resources from the beginning to not creating a detailed business plan, there are many reasons a startup home care business fails—and just as many ways you can avoid them so that your home care agency succeeds for years to come. Not Enough Financial Resources Money is usually a reason any type of home care startup fails.It takes full-time focus to start a home care business, which means it should be your first priority. Sales and Marketing Skills Are Lacking Opening your doors and even starting a website are not enough to make your home care startup succeed.You need to adequately market and advertise your business.Now is the perfect time to capitalize on this trend and start a medical or non-medical home care business.As the Baby Boomer generation ages, the need for home care services increase.So before you ever even think about opening a new agency, think about what makes you different, what makes you better, what makes your services superior to your local competitors. No Business Plan Every business, regardless of industry, needs a business plan.Business plans are not just for securing financing; they are guides that tell you where your business should be in a year, five years, and even ten years in the future.Learn More About Our Package» Our home health care business start up guide, home care business plan samples, business plan guides for new and established businesses, home care revenue/expense calculators, and our home care business forms, templates and caregiver training manual will help and guide you along your journey by saving you time in starting and operating a successful medical or non-medical home care business.This is one resource you won’t want to be without when starting a home health care business.