How Much Money Can Home Care Agency Owners Make Annually
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- เผยแพร่เมื่อ 9 พ.ค. 2024
- Coach Michele explains the salaries that home care agency owners can generate.
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Coach Michele shares her experience with starting her non medical home care business. Learn what you will need to know before legalizing your homecare/ home health business entity. Your 1st coaching session with Coach Michele starts here...so if you're interested in entering the senior care industry and want to avoid purchasing a franchise business, this video is for you. If you want more information about starting a home care/ home health business visit us @ myhomecarecoach.com and if you want more tips and coaching from Coach Michele about starting, growing, and making an impact in the home care industry, become a VIP Hybrid Client and we'll assist you from start to finish. If you're still doing your research...Join the HCP Tribe membership and surround yourself with like-minded home care agency owners in Coach Michele's HCP Tribe.
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The private duty home care industry varies from state to state. There are some states that regulate the home care startup licensing. Before you invest any money towards starting your agency verify if a license is required.
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Ok for those wondering.. The income does vary based on several factors. BUT from what I've seen after a year the low end was $42k and the high end was $101k.
My mother does this for a living! She got an RN and then started her business with my father. So now shes doing patient visits while managing the company herself. She pulls easily 350k annually usually more but also sometimes less. It GREATLY depends on how ur structured, what u pay/how many employees, company expenses (like what systems u use/where ur located), and how much work u urself are willing to work.
Edit: Also how many patients you can get referred is KEY. Making good connections to reliable and responsible doctors is important!
@@isaburntcake That’s great ! Especially if that’s her take home income. I have a few clients who are projected to be millionaires within the next 2 years if they keep a consistent growth rate.
@@MaseRhea OMG! Insane! Yes that’s her take home. I’m hoping to take over for my mother in 2 yrs when I’m done getting my bachelors! Would love to be like one of your clients in my near future haha 🤞
@@isaburntcakethanks! I’m looking to change up my career after 20yrs at bedside. This is exactly the confirmation I needed.
Thank you for great information !
You are welcome, my pleasure!!
Xoxo
CM
Myhomecarecoach.com
Love that “front and back of the check”. ❤
Yes!!!
CM
Homecarecoaching.com
If you are seeking an exact or average amount to pay yourself or what others earn is impossible.
No one can honestly give an aspiring entrepreneur in any industry a specific number regarding your revenue, profit, and or income. It varies based on your business model, structure, and your “Work”. The industry average profit is 30% based on data.
Most entrepreneurs develop a plan and project their financial goals.
I want to sign the front and back of check. Hallelujah Gods willing.
Yes!!!!
MyHomeCareCoach.com
Yes! I want to sign the back of the check and have the front of the check also ☺️☺️
Yes!!!!!
Myhomecarecoach.com
Did you start off as an LLC? How long did you wait before you went to s-corp? I wanna sign the front and back of the check.
There isn’t a specific timeframe. It’s all about the “taxes” you are paying. I would recommend contacting your CPA or tax professional for guidance. You will need to adhere to the rules of the S corp etc.
myhomecarecoach.com
Facebook @iamcoachmichele
Hello I would like to sign the front and back of the check but this video was very vague on the income numbers, could you at least give an average or range per person
I can’t give you a number regarding your revenue, profit, and or income. It varies based on your business model, structure, and your “Work”. The industry average profit is 30% based on data.
Most entrepreneurs develop a plan and project their financial goals.
give us a rough number .you dodging the question by giving a virgue answer. coming off secretive
Exactly beating around the bush
I can’t give you a number regarding your revenue, profit, and or income. It varies based on your business model, structure, and your “Work”. The industry average profit is 30% based on data.
Most people develop a financial plan and project their financial goals.
@IAMCOACHMICHELE If you can't give a figure, what was the point of your caption?
@@techbaey6206 if you google it, it is pretty accurate with the 230k-470k annual estimate. If ur just starting off ofc it will not be the same amount at first (unless u are buying the business off someone else).
Hello Coach Michele? My question is; when you said long term care are you talking about special need people or children?
GM, no. Long term care insurance. It’s an insurance that individuals invest in to cover home care services , assisted living etc
Xoxo
#💞
#iwannasignthefrontofthecheckandthebackofthecheck cdfu 😂 dead serious but that's a long hashtag
Lol!!! Yes!!!!
@@IAMCOACHMICHELE Im new to this but I just purchased my first LLC for a homecare agency. I named after my mother (R.I.P)/Daughter (Who's named her after my mother lol) "Neen's Eldercare Guardians" and what caught my attention was this videos Length 9:27 which is my mothers birthday and unfortunately her death day as well. Anyways your information is very very helpful and I just want to say thank you!!! I will definitely be watching some more videos from you!! Have a wonderful day!
@@KeithAubrey1017 wow! Amen. Welcome to my channel. Check out my Facebook page as well. She’s so proud of you!
CM
Myhomecarecoach.com
@@IAMCOACHMICHELE aww thank you so much I'm doing this for my daughter so I can pass it to her!! I sure will tho thanx again
i NEED $104000 to handle everything household/investment property/retirement
#
Doooo!!
I DOOOO understand; however, it’s all about the “search”.
@@IAMCOACHMICHELE as soon as my last travel contract ends I am signing up for your program. I have been talking myself out of this for so long lol it’s time !
#iwanttosignthefrontandbackofcheck
Amen! And you will!! Do the work!!
#signthefrontANDthebackofthecheck .......ME!!!!!!