When you are looking for the best possible business opportunity, you want something that offers you quick access to a growing industry. You need an opportunity that can not only start strong in today's business environment, but build into something that will be successful over the long term. A home senior care franchise offers these benefits, giving you a simple way to enter into a rewarding business – one that will offer financial benefits far into the future.
The Growing Senior Population
According to the Bureau of Labor Statistics (BLS), the field of personal care aides is expected to grow by 49% over the decade from 2012 through 2022. This is a phenomenal level of growth, a rate which the BLS ranks as “much faster than average”. This industry is growing by leaps and bounds, providing significant employment opportunities to senior care providers.
According to the Administration on Aging (AoA), the number of individuals that were aged 65 or older in the U.S. hit 39.6 million in 2009*. This means that seniors now make up 12.9% of the population of the country – or one in eight individuals in the U.S. The AoA also says that the number of seniors is expected to reach 72.1 million by the year 2030. This is twice the number of seniors in the year 2000. Seniors will make up nearly 20% of the population by 2030.
The Senior Care Franchise - Meeting A Pressing Need
One of the biggest concerns of the healthcare industry in the decades to come will be meeting the needs of this aging population. Part of what allows this level of growth is the medical advancements available to the current population. The level of care has improved considerably over the past few decades, which has allowed people to live longer, at a higher quality, than ever before. But even with this high-quality medical care, people still age. They still need help in their later years, whether that comes at 70 or at 90.
By operating a senior care franchise, you will be running a business specifically designed to meet this need. Consider the following statistics:
- Around 10,000 people reach the age of 65 each and every day.
- Many of these people are dealing with health concerns, including arthritis, heart disease, Alzheimer's and diabetes.
- Many older adults need care as they age, but they do not want to be stuck in a facility. They want to “age in place”, in their homes.
- The average length of hospital stays has declined. This means people are discharged more quickly – people that often need help after they return home.
As a home care franchise owner, you can assist this growing population. Providing home care is arguably the best way to care for many of these older individuals, while still meeting their personal requirements as they age. They want to still enjoy the life and the home they have spent so many years building. Your senior care franchise can provide the care that makes it possible for seniors to enjoy their later years in health and comfort.
The Benefits Of Choosing a Senior Home Care Franchise
If you want to build a business that meets this need, you can always attempt to do so on your own. But this does present a number of serious difficulties, especially if you are new to the industry. This is why many entrepreneurs are choosing to open up a home care franchise instead. The benefits of opening a senior care franchise include:
When running a senior care business or franchise, you must meet state and federal guidelines and licensing requirements. It is also essential that you provide the level of care your customers expect. Even if you are experienced providing senior care services, you still need to operate your company using smart business practices – many of which take years to fully grasp.
When you choose a senior home care franchise, you avoid all of the guesswork, trial and error that comes with building a business – especially one this complex – on your own.
You will have the support of a successful senior homecare franchise organization. A quality home care franchise understands how to build a strong, profitable senior care business. This support, usually only a phone call or an email away, is invaluable.
A Home Care Franchise – Making a Difference and Being Profitable
You have a lot of options when it comes to starting a business. However, few of those options offer the proven market, solid profitability and social benefits of a senior care franchise. Contact us now to learn more.
* 2009 is the last year for which Administration on Aging numbers were available at the time of publication.