In Home Senior Care Business Success Stories [2024]
With the busy lifestyle, family members are often absent and employ in-home caregivers to look after the elderly parents.
Caregivers assist the elderly with personal care routines, including bathing, grooming, dressing, toileting, and exercising. Caregivers also oversee medication & prescription usage and administer medicine.
Researchers anticipate a shortage of more than 100,000 caregivers for the elderly in the next decade. Therefore, starting an in-home senior care business is a great opportunity if you enjoy caring for the elderly and spending time with them. You can choose to work as an overnight caregiver or whichever work schedule suits you.
In this list, you'll find real-world in-home senior care business success stories and very profitable examples of starting a in-home senior care business that makes money.
1. The CareSide ($3M/year)
Gareth Mahon came up with the idea for The CareSide after reading "The 4-Hour Work Week" and wanting to create a business that could be run from anywhere in the world. Recognizing the growing demand for home care services for elderly individuals in Australia, Gareth saw an opportunity and launched the company in 2017. Through a data-driven approach to sales and marketing, they have scaled to $5 million in revenue over the past 3 years, with a 95% conversion rate and strong profit margins of over 20%.
How much money it makes: $3M/year
How much did it cost to start: $200K
How many people on the team: 20
The CareSide scaled to $5 million in revenue over 3 years by utilizing a data-driven approach to sales and marketing, with a focus on Google Adwords and Facebook ads, and implementing extensive automation into back end systems.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
