Get All Access for $5/mo

Help Seniors Transition to a New Life Moving from a family home can be traumatic. This business idea helps seniors downsize into a new, smaller living facility.

By Kristin Ohlson

Opinions expressed by Entrepreneur contributors are their own.

Even though many seniors want to live in their own homes as long as they can, others need or want to move on to one of the many residential options ahead. That transition is often a daunting one, though, leaving many seniors and their families reeling from the challenges. "There are often difficult family dynamics," says Steven Weisman, a Cambridge, Massachusetts, elder law attorney and author of Boomer or Bust. "Sometimes the children have competing interests. Sometimes they're half a continent away and need someone on location to help meet their parents' needs. This is a chance for entrepreneurs to do well in this area while doing good."

After working as an assisted living administrator, Bryan Neal, 34, saw so many problems with seniors on the move that he started Assisted Moving LLC in Plymouth, Michigan. "There are often 50 years of accumulated possessions in [their] homes," says Neal, whose 3-year-old company projects 2006 sales of $225,000. "Families call and ask if I'll be the villain, because Mom and Dad don't understand why everything can't go into the new place." Neal's company has a systematic downsizing plan complete with software showing the dimensions of the new home. Once the seniors see what will really fit, Assisted Moving helps them decide what to pass on, holds estate sales to sell other items, discards unwanted items and moves what the seniors keep into their new homes.

Getting Started
Before starting your own transition services business, consider the following:

  • Set realistic expectations. "Be prepared to make the adjustment from typical white collar work to hands-on physical work," says Bryan Neal, 34, who left his job as an assisted living facility manager to found Assisted Moving LLC in Plymouth, Michigan, which not only helps seniors make decisions relating to their move, but also moves them. "Assisting seniors with the moving and downsizing is physical work with lots of sorting, packing and heavy lifting."
  • Have an element of compassion. Most older adults who are considering a transition have not moved in decades and will need to shed years of accumulated belongings. For most of these seniors and their families, parting with these belongings and leaving a longtime home is a highly emotional experience and feelings can run high. "Be prepared to act as a director, counselor and friend," Neal says.
  • Do research and networking. The National Association of Senior Move Managers helps members with insurance, business-to-business referrals, consumer referrals, education and more. Members are also able to help each other coordinate transitions for clients moving out of state.
  • Assemble a team. Seniors often need special help from accountants, lawyers, financial planners and other professionals as they make their move, so transition planners would do well to pull together a network of these professionals. "Understand that you"ll be the quarterback," says Steven Weisman, a Cambridge elder law attorney and author of Boomer or Bust. "Line up those other professionals to provide the fullest service."
  • Think beyond the move. Weisman says that months or even years can go by before people get around to unpacking all their boxes. "Change is difficult for anyone, but especially for people later in life," he says. "You want to help them get the new place set up quickly so that it feels like home."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.