The Aging Boom: Building a Lucrative Business in Senior Home Care | Ep. 30

About this episode

Meghan Phelan discusses building a business in senior home care amidst the aging baby boomer population.

By 2030, an estimated 71.6 million baby boomers will be senior citizens, and a staggering 90% of them want to spend their final chapters at home. In this episode, Meghan Phelan explains how she strategically rode this demographic wave by earning a degree in Health Service Administration and stepping directly into the business side of elder care. Meghan pulls back the curtain on running a non-clinical medical registry and managing a corporate assisted living facility. She reveals how she bypassed standard experience requirements early in her career, why a franchise playbook can save you from making million-dollar mistakes, and the exact personality traits required to succeed when family emotions are at an all-time high. Whether you are a student considering an overlooked, high-paying major or an entrepreneur wanting to build a self-sustaining business "machine" that affords you true time flexibility, this conversation provides a masterful blueprint. Guest Bio Meghan Phelan is the owner and operator of Granny NANNIES of South Florida , a premier nurse registry that vets and matches certified nursing assistants (CNAs) and home health aides (HHAs) with seniors wishing to age in…

People in this episode

Host: Larry Port

Guest: Meghan Phelan

Topics covered

• senior home care
• business strategy
• elder care
• health service administration
• entrepreneurship

Keywords

• senior care
• business
• healthcare
• entrepreneurship
• franchise
• elderly
• home health aides
• nursing assistants

Mentioned in this episode

Organizations: Granny NANNIES of South Florida

Books & works: Health Service Administration

Places: South Florida

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