Companion Care for Seniors

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Startup Cost
$5,000-$25,000
Difficulty
Beginner
Time to Profit
6-12 months
Profit Potential
$50,000-$240,000/year

Overview

Companion care provides non-medical companionship, conversation, and activity assistance reducing senior isolation.

With senior loneliness epidemic and social connection crucial, companion care generates revenue of $80,000-$280,000 with 55-70% margins.

The business requires background checks, liability insurance, compassionate companions, and scheduling.

Services include friendly visiting and conversation, accompaniment to appointments and errands, activity engagement and hobbies, meal companionship, technology help, and family communication.

Pricing typically $15-$25 per hour.

Success factors include recruiting warm compassionate companions, matching personalities and interests, building trust with families, offering flexible scheduling, and targeting isolated seniors.

Most combine companion care with light homemaking.

Marketing focuses on senior centers, churches, geriatric care managers, and adult children.

With senior isolation serious health issue in 2025, companion care offers friendship opportunities providing crucial social connection.

Required Skills

  • Recruiting compassionate companions
  • Background screening
  • Personality matching
  • Senior communication
  • Activity planning
  • Family relations

Pros and Cons

Pros

  • Lower licensing barriers than medical
  • Good margins
  • Meaningful impact on loneliness
  • Flexible scheduling
  • Growing isolation awareness

Cons

  • Lower hourly rates than personal care
  • Building clientele
  • Companion recruitment
  • Proving value vs family visits
  • Emotional demands

How to Get Started

  1. Get liability insurance
  2. Recruit companions
  3. Pass background checks
  4. Develop service offerings
  5. Create matching process
  6. Target isolated seniors
  7. Build family referrals

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