Tips For Starting A Small Adult Day Care Business
Many elderly and disabled adults are forced to spend most of their days alone, because they do not have family or friends. An adult day care service is the perfect solution for these individuals, plus in many cases government assistance is available to pay for the expenses. If you are looking for a new career niche that will offer amazing rewards, you should consider an adult day care center. Below, you will discover several tips to help get you started turning your business idea into a reality.
Choosing A Location
It isn’t unusual for people to operate a small adult day care business out of their home. However, you will need enough space for the number of people you are permitted by law to care for. In cases like this, the government agency will probably only allow you to care for three to four people at a time. However, this will depend on the space you have available and the size of your business.
When searching for a location for your day care center, you will need to choose carefully. A location that is easily accessed and safe should be the key factors to consider. Never choose a location that is in a desolate or high crime area, because no one will want to drive a long distance or spend time in a dangerous area.
Obtain A Business Loan
Before you can apply for a business loan, you will need to devise a business plan. The financial institution will not even consider an application without a business plan. Do not get overwhelmed with the loan application, because it will be fairly extensive with a ton of questions. Just take your time and answer each question to the best of your ability. If you have any questions, you should contact a loan officer at the bank to rule out the risk of error.
Register The Business
One of the first steps will be registering the business with state agencies. It is important to note that sole proprietors are exempt from this process. The business must be registered with the state’s Secretary of State, before you can move forward to the next step.
Get Insurance And A Lawyer
As someone that runs an adult daycare, you are responsible for caring for the senior when they’re in your care. Should anything happen to the individual while they’re at your facility, there is a possibility that you will be held liable. This could result in a devastating lawsuit and you could find yourself going bankrupt prematurely. Remember that nursing home neglect has severely harmed nursing home facilities. Adult daycare centers aren’t much different. With that being said, it is vital to protect yourself in advance. Get insurance and team up with a good lawyer.
By taking these precautions, you will be able to come out of a legal suit unscathed. More importantly, your business will remain afloat and you’ll be able to keep serving and helping the public. The costs might be a little expensive initially, but these precautions will prove to be well worth it, if you wind up on the wrong side of a lawsuit.