7 In Home Senior Care Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start An In Home Senior Care Business

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.

Here are some real life success stories of starting a in-home senior care business:

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 they make: $3M/year
How much did it cost to start: $200K
Current team size: 20

How I Started A $250K/Month A Home Care And Nursing Service Provider

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.

About

Gareth started The CareSide over 6 years ago

Revenue

Gareth grew the business to $250K/month

Costs

It cost Gareth $200000 to start the business

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Starting An In Home Senior Care Business: Everything You Need To Know

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So... can you actually make money with a in-home senior care business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Hospitals, Health Centers & Urgent Care

The Hoag Health Network consists of hospitals, urgent care & health care centers in Orange County. They are well known for superior patient care & convenient locations!

Website traffic: 340K/month

5. Lottie Org

Looking for a new care home or retirement community? Lottie have made it simple: filter by your location and browse the best later living properties in the UK.

So... can you actually make money with a in-home senior care business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Emerald City Senior Living

Emerald City, a senior living community in Seattle, Washington offers amenities that allow residents to stay fit, keep minds sharp and more.

Where they're located: Seattle, Washington, USA