Home healthcare is a type of business you hear a lot about in our world of buying small businesses. Today's guest Jérôme Bouillon provides a window into these businesses, and explains how he doubled the one he acquired. There are a few characteristics to home care that are attractive to business buyers: demographic tailwinds, recurring revenue, super asset light. But beyond these reasons to like the industry, home care is fundamentally about caring for people, usually elderly, who are vulnerable, maybe alone. So, if you are motivated by this industry's "why" - caring for elderly people - then it seems like a wonderful opportunity, and I encourage you to look into it.
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CONTENT
00:00. Jerome’s background
03:27. Jerome starts searching
04:57. Jerome finds Visiting Angels
08:05. Jerome buys a Visiting Angels franchise
12:38. The first 6 months running the business
18:51. Why Jerome was attracted to home care
20:56. Seeing his employees as his customers
23:41. The changes he made immediately to employee benefits
31:22. Why he stopped penny-pinching in the business
34:29. Why it’s important to know how to work in the business
39:05. Margins in home care
43:00. How to scale up in the home care industry
47:28. What he likes about his franchise
53:12. What a good operator would look like
55:59. Skills he has developed as an owner
1:04:12 END
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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.
#business #homecare #enterpreneur
3 авг 2024
