Turning Senior Care Experience into a Vital Business
Everyone wants to be their own boss, but so few of us ever get the chance to make it happen. For experienced senior care providers, however, there has never been a more promising time than now to take the plunge. With demand booming for high-quality, reliable senior care, many senior care providers are now putting their experience to use as the owners/operators of their very own senior home care franchises.
At Visiting Angels®, we’ve been at the forefront of the senior home care franchise movement since 1998. In that time, we’ve seen our industry transform into one of the most promising sectors of the American economy. With America’s senior population at the outset of an unprecedented growth period, there has never been a more promising time to start your very own business in the senior care industry.
A “Booming” Opportunity
More than almost any other type of business, senior home care franchises are poised to take advantage of a rapidly expanding customer base over the next two decades.
Anyone involved with senior care won’t be surprised to learn how big of a change the Baby Boomer generation is projected to make on our industry. As Baby Boomers age, the American population ages with them, expanding the market for senior home care. Remarkably, Baby Boomers are reaching retirement age at a time when Americans are increasingly rejecting nursing home care in favor of at-home assistance.
Here are some numbers to put this all in context
- A 2011 survey showed that the American senior population was then just 40 million people.
- By 2029, that number is expected to rocket to 72 million – nearly doubling the amount of American seniors!
- Surveys of seniors show that 90% of seniors wish to stay in their homes as long as possible.
As the population of American seniors grows, more and more Americans are expected to turn to senior home care. For those with experience in home care, this represents a major opportunity. With the right business model and support, there has never been a better time to own and operate a senior home care franchise.
Starting a Senior Home Care Franchise
At Visiting Angels, our team has supported hundreds of first-time business owners with the process of starting, building, and growing a thriving senior care business. Many of our franchise owners started as senior care providers themselves. For these individuals, owning a senior home care franchise with Visiting Angels has allowed them to be their own boss and develop a thriving source of income while continuing the emotionally rewarding work that senior care offers.
Starting your own business can be difficult, but it doesn’t have to be. One of the reasons Visiting Angels franchisees are so successful – with franchises averaging nearly $1 million in business yearly – is the support our team gives to first-time business owners. From setting up your business, to receiving the proper accreditation, to generating leads and marketing your franchise, our team will give you guidance and support every step of the way. That support is why Visiting Angels was named the #1 senior home care franchise in Franchise Business Review’s 2017 Franchisee Satisfaction Survey.
Is a Home Care Franchise Right for Me?
Owning your own business is a major step, and one that isn’t necessarily right for everybody. Before investing in your own senior home care franchise, consider the following to see if business ownership is right for you:
- Do you have the time and commitment it takes to build your own business?
- Are you looking for work that is both emotionally and financially rewarding?
- Do you feel comfortable in a leadership position?
- Are you invested in helping others and giving back to your community?
If you think owning your own senior home care franchise may be right for you, call 1-800-365-4189 to learn more about our franchise opportunities.