5 Reasons to Choose an In Home Care Franchise
If you feel like it’s time to make a career change but aren’t confident about starting a business from scratch, buying a franchise is a more comfortable option. You’ll have the opportunity to define your own business culture and choose how you spend your time. You’ll also benefit from less risk and more support than if you were to open a business on your own. Of course, there are countless types of franchises on the market, and each has its own pluses and minuses. Below, we’ve listed some of the reasons why entrepreneurs are choosing in home care franchises for their investment.
1. In home care franchises offer an opportunity to give back.
Many franchise owners choose to make a career change not only because they want more freedom, but because they want to ensure they spend their time and energy making a positive difference in the lives of others.
The chance to provide supportive care that is absolutely essential to the well-being of seniors is just one factor that makes in home care franchises so special. Choosing to invest in the senior care industry will thus ensure your business does something good in the world.
2. A background in the industry is not required for success.
You can transition to owning a senior care franchise no matter what field you worked in previously or what type of position you held. What’s most important is not your former job title, but rather your passion for building relationships and your internal drive to help others. Furthermore, many skills from other fields transfer well to the responsibilities you’ll hold as a franchise owner, including skills in the areas of scheduling, customer relations, team management, and organization.
3. The senior care industry is growing rapidly and is resistant to recessions.
As the owner of an in home care franchise, you will provide essential services that are in demand no matter what the economy looks like. This knowledge can give you an added sense of security as you get started and help minimize the risk of opening your business.
In addition, you’ll enter a field that has experienced significant growth in recent years and is projected to continue expanding. As Baby Boomers, the largest generation, enter their golden years, they will be in need of support at home. According to the U.S. Department of Health and Human Services, seniors represent 16% of the population, and a report from Pew Research estimates that around one in five Americans will be over the age of 65 by 2050! As a result, home care services are in demand and will continue to be for years to come.
4. You can benefit from utilizing a proven business model and trusted brand name.
As a franchisee, you can open a successful business even if you’re new to the world of marketing and business operations. At Visiting Angels®, we offer extensive training for new franchisees, as well as ongoing support with running your business.
Additionally, we supplement local marketing efforts with our nationwide marketing campaigns on a range of platforms. Our years of experience in this area have allowed us to lay the groundwork for Visiting Angels to be seen as a trusted brand in senior care, one that families know they can turn to in communities across the country when their loved ones require support.
5. In home care franchises work on a service-based model.
Many businesses, including a lot of franchises out there, require business owners to stock up on inventory, which comes with concerns about storage, shipments, and selling products before they go out of date.
Because in home care franchises are based on a service model, they don’t face these struggles or the financial risks associated with maintaining inventory. Your focus can thus be turned outward towards your clients and your team members, ensuring your time and energy are spent in meaningful ways as you build relationships that enable your business to flourish.
If you’re wondering whether an in home care franchise is right for you, learn more about becoming a franchisee with Visiting Angels today! Contact our team at 800-365-4189, or request additional details online.