Before you start any kind of business, especially a senior moving service, you have to be certain of a number of things. Some people are not good matches as entrepreneurs while others are far more successful working for themselves than they ever had been working for someone else.
It takes a special kind of person to be successful as an entrepreneur. How do you know if it is a good fit for you? Let’s take a look at a few ways of determining whether or not a senior moving service is the right fit for you.
1 – Low Start Up
One of the biggest hurdles for entrepreneurs of any kind is the start up costs associated with establishing a business. While you will need to spend something on your senior move business, you will not have the big expenses of renting a storefront location and the utility costs of such a location.
Your start up costs will be limited to primarily licensing, insurance, business registration, some legal costs and office supplies. That is assuming you already have a vehicle and plan to run your business from your home.
2 – Good Income
What usually draws people into becoming entrepreneurs is the opportunity to earn an income that they can control and manage without a lot of people getting bits and pieces of it along the way. It also means that if your business venture generates a good income, you may be able to run your business as a part-time job giving you a lot of freedom and flexibility.
With the rates for a senior moving service running between $45 and $65 per hour, with a solid client base you could do well working just part-time. Let’s do the math. If you charged $50 per hour and had enough work to keep you busy just 20-hours per week that would mean you could earn $1,000 per week or $4,000 per month! That’s just part-time. Work only 10 hour work weeks and you’ll still earn $2,000 per month.
3 – Important Service
What you really need to focus on as an entrepreneur is the nature of the senior moving service. While it obviously is not expensive to start up and can generate a decent income, why are you doing it? With Baby Boomers continuing to age and the health care system pushing towards keeping seniors in their homes longer, where does your business fit in? Chances are a number of your clients will be families moving an elderly parent into their home to live as opposed to moving seniors into care facilities, although there will be jobs like that as well.
As you will be an essential link between family generations, your service will become vitally important. This means you will need to look deep within yourself to see if you are really up for this challenge. Trying to make a quick buck is the wrong reason for starting any business that caters to our older population.
4 – Creative Outlet
One more thing to look at when considering a senior moving service is how it can lead to additional opportunities. Rarely does an entrepreneur open a business and not see other complimentary opportunities come along. Your senior moving business can be the start of a number of different businesses or services you will be able to develop and market to this demographic. The possibilities are endless and may include a seniors errand service, a seniors companionship service, a seniors home safety check service, a seniors concierge service and many, many more.
5 – Using Personal Skills
If you are already a compassionate person, this could very well be the best employment/business opportunity to come your way. When a person is capable of matching their personal skills set with a job of any kind, they become successful. If your specific skills include being kind, caring, personable, understanding, patient and more, then you could become very successful as a senior move manager. You will also need to be a good listener, organized, firm, and able to handle several tasks at the same time. Entrepreneurs tend to gravitate towards opportunities where they can utilize personal skills.
If these points ring true for you, then you are a good candidate for the senior moving service and once established, your business is going to be successful. In fact, should it become more successful than you expect, you may see yourself in a position where you will have to expand, maybe even hire on additional staff in order to keep up with the demand. Once this happens, you will know that you made the right choice of starting your own business and more importantly, a service designed to help seniors move with as little stress as possible.
Our step-by-step startup guide, How To Start a Profitable Senior Relocation Service, can help you do it right: 