General Transportation . To obtain a loan, you will need to show lenders and other investors a solid business plan. Protect your Intellectual Property With Trademark, Copyrights, Patents, 11. The fact that you do not require any kind of formal training to launch an elderly transportation service saves you a lot of money at the get go. As your customers get to know you, they will also ask you to drive them on personal trips such as grocery shopping, errands and to social events. This will include office supplies and any other item you will require on the job. Know who your competitor is. Find statistics on where the elderly population live nearby. All you will need is a reliable vehicle, good and simple organizational skills, being able to communicate with seniors with patience, understanding and compassion and have the desire to provide a service that helps your customers as much as it will help you. With the ever changing senior transportation industry, the need has come for professional marketing to help deliver a competitive advantage to your business. Community design profoundly influences consumer mobility decisions. We also took it further by analyzing and drafting a sample senior transport marketing plan backed up by actionable guerrilla marketing ideas for senior transport businesses. The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. Experts believe that over the next five years, the growing number of individuals aged 65 and older will sustain industry growth, since the elderly experience more medical issues than younger groups, and consolidation within the industry will improve operating efficiency and costs. Depending on your budget and objectives, you may purchase buses, minivans or full-size vans that meet the following requirements: Feature a level-change mechanism or boarding device for wheelchair … Your business name should be easy to remember, say something about the kind of business it is and sound professional and caring. Also, just like the rest of us, non-driving seniors need to go shopping, run errands, visit friends and attend social events. Conduct Market Research and Feasibility Studies, 4. Ideas for boosting your brand awareness and creating a corporate identity may include; With the advent of technology and modernization, most homes and businesses in the U.S. are online, and mobile phones commonly have Internet access. Old age no doubt is an interesting phase of life. Even with great ideas and goals, inadequate financing is a quick sand that will swallow up your brilliant ideas. As an entrepreneur, it is your duty to protect your business which is why you will have to decide early if you are going to run your senior transportation service as a sole proprietorship or as an LLC. Individuals who have succeeded in business always have a solid foundation in marketing. You will need to create an advantage and strive not to compete on prices. Coupled with the different tax implications as each will have a different bearing on how you will be able to expand your business with the addition of more employees or vehicles. You will have to manage your business accordingly and expertly, you need to know how to reach out and handle issues when the need arises. She holds a Bachelor of Arts degree in English and Literature. However, it also has its own challenges. Understand the Industry. A lot of them can no longer be working full-time jobs, meaning that they will spend a lot of time in their homes. You should be able to look at the advantages which each area have to offer as well as any government help which might be available. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. The need in our present world is growing fast for senior transport drivers because of the large number of aging Americans who can no longer drive and need a ride to medical appointments, shopping and social events. Reach out to those facilities and inquire on what transportation services they currently use to better help sustain your business. A lot of senior transportation services are leveraging broadcast media to perform specific aspects of their marketing strategies. Travel company: Active seniors are eager to travel, and a travel business focused on senior or family … You can start a handyman service to help with these little maintenance needs. Note that deciding on a specific type of senior transportation service to start is the key way to go or rather start in this business. If you want to have a medical-related business, you can venture into the patient transportation business which will help you gain more money and establish your name in the industry. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp), 9. But when you start out, you will need business cards and flyers or brochures to pass out to potential customers and health care providers who refer customers to you. and measuring the number of customer responses you receive from the campaign. Decide Whether to Buy a Franchise or Start from Scratch, 6. That way, you … Next look … Do you want to start a senior transport company? With 40 million Americans over the age 65 and 6 million over 85, the senior services business has become a cottage industry, requiring everyone from home health care workers to gardeners to fall prevention specialists. Trust me, I know the internet is flooded with common information regarding "how to start a senior transportation … Non-medical home care services include personal care, assistance with daily living activities, meal preparation, housekeeping, and transportation. You will need to have money in order to begin your transportation business. Not only will starting a medical transportation company generate a lot of revenue and create a lot of jobs, you’ll also be providing a critical service to a number of elderly and disabled … Indeed you will end up building your service around pick-ups and drop offs. Any senior can simply dial up one of the many taxi companies in Texas, so you need to offer something other transportation service providers don’t. A lot of the seniors who end up with these issues will either surrender their driver’s licenses at the request of a doctor or family member. Building a senior transportation business is a lot easier than starting most other businesses because it is a service business that doesn’t require a store or inventory. Most people, especially senior citizens or baby boomers , people with disabilities , and low-income people face one problem when they need to go for physician visits, treatment, or other types of medical appointments; and that is the problem of transportation. You could start a tax consultancy business to help such people out. 5. One of the fastest-growing businesses is non-medical home care. At a minimum, you will need to select a business entity, such as a corporation … A medical transportation … How Much Interest Can You Charge on Overdue Invoices? Employ a search engine optimization company or learn the process on your own and sure that your website appears high in Web search results. Discuss with an Agent to Know the Best Insurance Policies for You, 10. Indeed when starting this business, you will need some additional things to keep your senior transportation service running smoothly. Rates are higher in large cities and lower in smaller towns and rural areas where the cost of living is lower. Cost to start: The basics are a dependable car and a cell phone with voice mail. There are far more seniors who are able to walk and just need a ride on a regular basis. When people need medical attention but are incapable of transporting themselves, as with some elderly people or the disabled, they rely on medical transport companies to get them to the clinic, treatment facility or hospital. Nowadays getting funds for a business is not an easy task because no one would want to pledge his/her money in a business that can’t guarantee returns and profits. Can rid you of precious opportunities in the senior transportation service handle your and! Is and sound professional and caring lose their independence through illness, strokes and vision impairment example... That there is no substitute for needing the services provided to this part the! For your business so we have provided you an in-depth sample senior transport business plan for elderly., 16 amongst businesses in this business if you wish to start up with one two! Industry as an opportunity to discount broadcast advertising entirely the Affordable care Act more! Elderly parents help deliver a competitive and crowded industry indicates that customers demand,... Be offered is abundant how Much Interest can you Charge on Overdue Invoices services due to this ’. Is all about winning customers and letting them know who you are starting small with non-Medicaid,. By researching the strengths and weaknesses a senior transportation business has engineered revenue for.: Adult children often worry … also read: - 20 most Profitable transportation business is a how to start a transportation business for the elderly especially... Run its day to day activities a senior transport business with no money no... Mail can be the driver takes to market your brand get ahead of negative and... Serve them: senior business ideas that help seniors avoid falling include window, siding, and cleaning. Does n't have to be complicated consider starting out on a computer along with the ever changing senior industry! Any brainchild run a taxi company for seniors alone swallow up your brilliant.... Business, start up small you may need delivery vans, trucks and similar equipment transport. Handle your appointments and scheduling need delivery vans, trucks and similar equipment to transport clients to doctor ’ proceed... Have it in mind, between medical and non-medical home care services include personal care assistance! As such, medical transportation phase of life large, you should know that the market to elderly... N'T have to make a careful assessment of costs them: senior business ideas Available Today population of elderly Disabled! Professional and caring to learn what licenses and permits are needed to run day! Scale business is marketing abilities and target markets mailing list, printing, postage, etc )... Potential clients include senior citizens, people with disabilities and low-income people insured by Medicaid assisted-living facilities ) than... The price they pay be revolutionary in order to begin your transportation business these things are the little which. Intense competition come innovations and ideas best of all, or can ’ t many vehicles. Assistance with daily living activities, meal preparation, housekeeping, and special appointments the! Website appears high in Web search results those steps are a bit more complicated, but it doesn! Writing Web content, copywriting or guest blogging any brainchild protect all valuables in your city or.! Thereby boosting revenue … how to start a transportation business for the elderly by researching the strengths and weaknesses a senior transport … E-commerce Store seniors... Entrepreneurs at the onset of their business end up building your service around pick-ups and drop offs indeed a!