Entrepreneurial opportunities in elderly care

Entrepreneurial opportunities in elderly care

Elderly care, or simply eldercare, is the fulfilment of the special needs and requirements that are unique to senior citizens.  This broad term encompasses such services as assisted living, adult day care, long term care, nursing homes (often referred to as residential care), hospice care, and home care. Because of the wide variety of elderly care found nationally, as well as differentiating cultural perspectives on elderly citizens, it cannot be limited to any one practice. For example, many countries in Asia use government-established elderly care quite infrequently, preferring the traditional methods of being cared for by younger generations of family members.

Elder care is a passion and hobby that can be converted into an entrepreneurial skill. As entrepreneurship is the process of designing, launching, and running a new business, it is often initially small.

Elders need care in many different ways. These include medical care, nutrition care, physical health care, etc. We can start an online or offline business for this cause. For example, we may start a business that provides faster service to deliver patients to hospitals, starting a firm that makes equipments of elder people use, like ear machine. Some software-based programs can also be started like creating an application that reminds the patient about their medication. Physiotherapy centre may also prove to be very beneficial for the elder ones and at the same time with the use of proper skills can be very beneficial for an entrepreneur.

Northeastern University’s Health Sciences Entrepreneurs program and Aging 2.0, an organisation dedicated to accelerating innovations to improve the lives of older adults worldwide, presented the event, which was held in the Raytheon Amphitheatre. The distinguished panel of experts comprised Alice Bonner, an associate professor of Nursing in the Bouvé College of Health Sciences. Bonner noted the need and opportunity to develop personalised innovations that ensure the quality of life for both frail elderly adults and those with cognitive impairment. She said other opportunities exist to help caregivers and to design liveable communities for people of all ages, not just communities for older adults.

Saloni Sharma

Saloni Sharma
Saloni Sharma

13salonisharma@gmail.com

Pursuing BTech in electrical engineering from SGSITS CAT aspirant Love to read and write

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