You can look for another location for your elderly group home business, or you just might decide that this is not business for you.

Funding for group home businesses is not as hard to find as you might think. The Small Business Association, as well as many banks and other financial institutions, can point you in direction you need to go to find money you need to purchase a home to start your elderly group home business.

You’ll want to understand all terms, conditions, and financial obligations. You’ll also want to find out if you must use your current home as collateral. Putting your own house up as collateral may be more than you’re willing to risk for any new venture.

Insurance for your elderly group home business is something you’ll definitely have to have. Liability insurance is mandatory. You’ll also need fire and theft insurance. If you plan to offer any type of medical assistance to people in your elderly group home, you may even need malpractice insurance.

Other insurance requirements may also be involved. Learn everything you can about different types of insurance coverage you’ll need, and then shop around for best prices to obtain necessary policies you’ll need for your elderly group home business.

Unless you plan to live in your elderly group home business and do everything yourself. You’ll need assistants and personal errand services for people in your home. Planning for meals, transportation to doctors, dentists, hairdressers, and events, cleaning, and activities are other things that need to be considered before starting elderly group home businesses.

You will also want someone to oversee medications and ensure that people receive and take them at proper times.

Starting an elderly group home business is not for everybody, but if it’s for you, then you’ll find it tremendously rewarding. And in huge demand. Going into elderly group home business with your eyes open and doing your homework first will assure that your elderly group home business is a successful one.

© Copyright Randy Wilson, All Rights Reserved.

You see, it is by trying and failing, standing up and falling down, getting praise and ridicule, that helps us to grow stronger and defines our character. What looks like a failure in that moment becomes a rich learning experience you can build upon and share with others.

You may not have gotten much of what you want in life, but now is time to try again. You may feel you need more education or training in a specific area of expertise. Try again. You may have tried to start a business once, or many times before, but if you really want it - TRY AGAIN!

There are many resources to help you if having a home based online business is your goal. May I suggest that our Manna Success Newsletter is place to start. This free, weekly e-zine is your for asking. I includes articles similar to this and other information and resources to help you be success in marketing your own business. Visit today at: http://news.burkepublications.com

Until The Next Time,

Dr. J. E. Burke Editor, Manna Success Newsletter

Burke Publications http://burkepublications.com jeb@burkepublications.com

Copyright 2005 Burke Publications All Rights Reserved