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Home Care Services - Startup Business Bureau
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Home Care Services

Home Care Services

Home health aide services and unskilled home care or in-home care services for people who prefer to stay at home but need ongoing care that cannot easily be provided by their family or friends.

The Need

The notion is that as we age the comforts of ‘the familiar’ become more and more important. Our food, music, special family and cultural celebrations, and languages can provide this comfort and confirm our individual identity. It is estimated that nine out of ten older adults prefer to live non-institutionalized lives, and in-home care is a safe and effective way to provide care in the comfort of their own home.

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Opportunity

According to the US Census, by 2050, the population of adults age 65+ will almost double, to 88 million, and the number of adults over 85 is expected to more than triple, to 18 million. The population of 85+ years old is the fastest growing segment and will increase by 30% in the next 10 years.

US home healthcare is evolving into a massive market for US health systems and hospitals. The US home healthcare market is projected to grow about 7% annually from $103 billion in 2018 to $173 billion by 2026 — while global Home Healthcare Market Size Worth $528.2 billion by 2026.

The global home healthcare market size was valued at USD 281.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. Population aging around the world and increased patient preference for value-based healthcare are anticipated to fuel market growth. According to the World Health Organization (WHO), there were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion by 2050.

Market

Home Care primary market consists of retirement, assisted living communities, and nursing homes. Our secondary market consists of independently living senior citizens and people with disabilities. Our third market consists of people with short-term disability or illness. Initially we will target the 65+ years old population and handicapped. We will later provide in-home care to those with a short-term disability or illness until they can get on their feet again.

doing business with time management
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Services

Home health care services for seniors, people with disabilities, and special needs clients include, but not limited to:

  • Live-in care services and hourly care
  • Entertaining (games, crafts, reading, etc.)
  • Providing companionship and conversation
  • Assisting with mobility
  • Performing light housekeeping
  • Running errands (prescription pick up, dry cleaning, grocery shopping, etc.)
  • Personal Care Services
  • Alzheimer’s and dementia care
  • Respite care for family personal attendants

Investment

Initial Capital Investment - $50,000 ONLY

Investment amount will be calculated at actual and progressively as on every stage of the process would involve a budget price and its deliverables, so as to keep the investors fully updated and transparent.

An additional 25% of the investment amount to be kept in business bank account for operating expenses.

This amount includes at a minimum three (3) months of average projected expenses to cover startup costs, working capital costs, and contingency financing.

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Return on Investment

35% ROI per annum

2.5 – 3 Years Break Even

$2,500 - $4,000 Income Per Month

Process

1. Submit the documents & Sign the Agreement

2. Business Registration and Bank Account

3. Office space lease and Setup

4. Initial Staff Recruitment

5. State License Approval & Registration

6. Branding and Digital Setup

7. Business Launch & Visa Application Preparation

8. Application Submission and Visa Interview

9. Visa Issued & Landing in USA