Using hedgehogs to shortlist your start-up options
If you're in the research phase - tabs open, spreadsheets half-built, weighing up which business to actually start - this one's for you.
Get in touch to find out more about starting your own homecare business with GoodOaks Homecare.
Enquire nowWhen starting a homecare company, one key decision is whether to hire a Registered Manager (RM) from the outset or take on the role yourself.
Last time I talked about some of the factors you’ll be thinking about when deciding whether to employ a Registered Manager (RM) to attach to your CQC application.
In short, there are three options:
The standard approach has been, and still is for many franchisors, for a franchisee to hire an RM and once that person has been recruited, to apply for CQC with that RM. There are some obvious and not so obvious pros and cons to the options above, so I thought it’d be helpful to give my take here.
Pros:
Cons:
Time – Recruiting the right RM isn’t a quick or easy process. It can take months of advertising, phone-calls, interviews, getting ghosted and false starts, before making an offer which is accepted. You’ve then got to do a CQC Countersigned DBS, which takes another 4-6 weeks.
Risk – If your company CQC registration application is tied to the RM’s application, what happens if they:
Pressure – Knowing the countdown clock won’t even start ticking until you’ve made a hiring decision can do funny things to your decision-making process. It’s such a crucial role that you can’t rush it or accept someone who you have a niggling doubt about.Cost – Assuming a salary of £45k for an experienced RM, that’ll cost your business £51k annually after National Insurance, pension etc. If you have a four month wait, that’s nearly £17k in wages if you pay the RM for the full time your application is in the system.
There you have it. You might be persuaded either way, or your plans, budget or background might dictate a certain approach when it comes to choosing when to hire a Registered Manager.
Best wishes, Ben.
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If you're in the research phase - tabs open, spreadsheets half-built, weighing up which business to actually start - this one's for you.
I was at MadFest last week and caught a talk by Rory Sutherland (the advertising and behavioural science chap) in conversation with the founder of Leon restaurants. One story stuck with me the rest of the day.
This week I’ve been helping potential franchise partners plot out a timeline for their homecare start-up launch.