We’re told by the US Census Bureau, that by 2030, the entire baby boom generation will be over the age of 65. This will increase the size of the older population so that one out of every five residents will be enjoying their retirement years. This exploding senior population offers would-be entrepreneurs the opportunity to buy a home care franchise. 

Considered one of the best franchises to own, a home care franchise doesn’t require a huge investment to get started. This type of franchise business is one that offers more than franchisee financial benefits. Home care franchise owners are given the unique opportunity to truly make a difference in the lives of others. This can include the clients they care for, their families, staff, and members of the local community. 

If you’d like to buy a franchise business in the home care industry, you’ll have to find the right franchise opportunity that’s a good fit for you. Here are a few tips for helping you sort through the many options you have.  (more…)

Elder abuse takes many forms. Common scenarios include physical, emotional, and sexual abuse, as well as financial exploitation; and neglect. 

Abuse can take place anywhere from the individual’s home to long-term care facilities. Unfortunately, abuse often comes from the elderly’s own children. However, this never excludes in-home caregivers and nurses. (more…)

Buying a franchise is something that can help you achieve both your business and personal goals. A franchise provides you with a proven business model and training that’s organized and provided by the franchisor. It’s also an easier way to attract financing as lending institutions consider those buying franchises as less risky than people starting new businesses from scratch. 

When you’ve decided that you’d like to buy a franchise, you certainly want to cover all your bases to ensure you’ve made the right choice. Here are some very important questions to ask when you sit down for an interview with a franchiser.  (more…)

Did you know that there are more than 40 million seniors in the country right now? What’s even more surprising is the fact that this number is bound to double before 2035. For that reason, the demand for senior and home care services will continue to rise. The aging population will increasingly need additional help with in-home health care, taking medication, or even a platonic companion to fall back on when they feel lonely. If you are anything like us, it’s probable that you have an instinctive altruistic being instilled in your soul. In most situations, your nature fuels you to help vulnerable individuals, particularly aging citizens. That, coupled with the available demand, are perhaps the reasons you want to start a home care business. But how do you excel with limited resources in a fast-paced environment you know so little about? Franchising is a viable alternative to starting a home care business. It provides a developed way of running your home care business, ongoing guidance, systems, and assistance.

How Does Franchising Help a Community?

We all love independence; it is one of the benefits of being an adult. Even those aged 65 and over want to stay in their current homes and communities as they age.

According to the AARP, 77% of senior citizens want to live right at home, close to people and things dear to them. Unfortunately, relying on their family members to help with critical things that they may not be able to do well, or at least safely enough, can be frustrating. Why? Simple. Everyone has their own busy lives to lead.

For that reason, owning a franchise business helps you provide seniors with the most comfortable solution that helps boost their comfort and confidence as well as their quality of life in a significant way.  Also, it helps mitigate unforeseeable inconveniences or any disaster that may cause death. Above all, you are able to help them create a conducive environment for happiness and recovery, all without spending a fortune.

What Does Owning a Franchise Take?

Providing care to seniors with integrity and compassion is not an easy thing. It’s vital that you have the dedication necessary to build a reputation as a senior care provider in your territory. More importantly, you need to be passionate about home health care. Also, being a quick learner who understands all facets of hiring and marketing will work magic for you.

What You Get With Out Franchise Business Opportunity

Choosing the right franchise partner is a pretty straightforward process. However, it’s vital that you find a good fit between you and the franchisor you wish to partner with. At A Better Solution In Home Care, our franchisees benefit from the many years of experience we have in both senior care and home care fields. Better still, we offer comprehensive training that includes running a home care business as well as things to anticipate in the course of the provision of services to clients. What separates our franchise business opportunity from the rest is that we go beyond training. Whether you need biweekly coaching calls to CEO round-table chats, you can count on us to back you up every step of the way.

Ready to Franchise and Start Your Own Business in the Home Care Industry?

Need to learn more about our franchising business opportunity? We are here to help. Call us today for a no-obligation, no cost care assessment of your home, facility, or hospital. We are available to assist you at any time of the day, seven days a week. We can’t wait to see you at A Better Solution in Home Care.

Franchising itself is growing more popular every year. More people are starting to pay attention to all the franchising opportunities and potential benefits of such an investment. It may come as a surprise to some that senior care is one of the most lucrative franchising opportunities. Home care has topped the list of desired senior care options for a number of years.

How Franchising Pays Off

Profits

Home care has proven to be one of the most lucrative franchising opportunities in the United States. In 2010, senior care was listed as one of the top franchises in the United States. Second only to real estate in terms of its average annual profit.

Of course, the first step in franchising would be to invest. There is a high potential for profits in the home care franchise. However, you’ll find the estimated investment is notably lower than if you were to invest in another franchise in such industries as food and automotive. This is due to minimal real estate and equipment requirements.

The Statistics

Statistics don’t lie, and the number of statistics pointing towards a continually growing senior care segment in franchising is undeniable. Experts predict that a whopping twenty percent of the entire population in the United States will be over the age of 65 by 2030. After that time, the percentage is expected to reach a plateau. However, the overall number of citizens over the age of 65 will continue to grow.  

These predictions are proving to be accurate with each passing year. Of the number of elderly people currently seeking senior care, only about three percent are currently living in nursing homes. A majority are now seeking home care either with family or friends, hired services, or all of the above looking after their needs.

The Stability

In addition to the rapid increase in the number of people joining the senior community on a yearly basis, there is no prediction that the need for these services will slow down any time in the near future.

There is a difference of opinion in how fast, but the general consensus is that the death rate for citizens aged 85+ is steadily declining. This means that the senior community is growing at a rate never before seen.  

The Funding

It can be difficult to get a leg up in gathering the funds for an initial investment in a franchising opportunity. One of the benefits in the home care franchise is that you will get support from the franchisor in arranging loans and obtaining funds. It will be much easier to get a loan for an investment when you have the franchisor vouching for you.

The Purpose

Aging is an inevitable part of life, going hand in hand with the passing of time. We all have to experience its effects at some point in our lives, and the first way we usually experience it is vicariously through the ones we love. Whether it is through our grandparents when we’re children, or through the aging of our parents during our own adulthood, we all experience the effects of age. Along with this usually a desire to help and care for those reaching the final stages of their lives.

There comes a time when it becomes difficult for the people we care about to make it through day-to-day life on their own. It comes naturally that we would want to do whatever we can to help. Reaching out to the elderly community and offering them succor and support by whatever means are available to us? It’s one way we can give back to those who cared for us.

Investing in franchising opportunities such as this is first and foremost a business-related decision. However, when you invest in something like home care, it can become a very personal thing.

What better reason to get involved than the statistics that predict a very successful franchise? A purpose which will inspire you to show up to work every day? With A Better Solution In Home Care, you can franchise with us. Call us today for more information on how to get started.

As the number of seniors over the age of 65 increases, the need for personal and medical care continues to rise as well. This, in turn, presents an excellent opportunity for entrepreneurs to venture into the home health care sector.

If you are questioning how to start a home care business, you have probably realized a universal trend among the competitors. Most particularly excelling home care businesses, are owned by pharmaceutical representatives. The truth is that this is not a coincidence. Pharm reps have specialized training, expertise, and interpersonal skills that help them to always remain at the top of the leaderboard.

Check out several reasons why pharmaceutical reps make the best home care owners.

In-Depth Understanding of Drugs

Homecare is synonymous with in-home health care. Home care involves giving clients the right medication at the right time and sometimes ensuring that they maintain the best diet as per their lifestyle conditions and age. That’s precisely what pharmaceutical reps are trained to do. Many of them, if not all, have a background in medicine or science. Thus, a stronger grasp of medical concepts and the conditions different drugs treat. This gives them an added edge when dealing with clients.

They Are Relationship People

It goes without saying that home care owners must be in a position to build rapport with just about anyone. Whether dealing with seniors, employees, or franchise partners, pharmaceutical reps have the necessary qualities to build relationships that focus on helping improve the quality of life tremendously. As a result, they keep attracting more clients, more franchise partners, and hence, increase their bottom line even more.

Persistent Yet Professional

To be successful as a home care owner, you must know how to beat out competitors. This is one reason why manufacturers and distributors hire pharm reps to influence physicians to prescribe their drugs to patients. Their high convincing power, coupled with their ability to identify and solve customers’ pain points are the reasons they succeed in the home care sector.

They Are Always Learning

When starting a home care business, it’s vital that you possess a strong desire to keep learning for you to get ahead of the competition. After all, every patient is unique. They have different needs and preferences. Besides, your business dynamics will keep changing as your clientele grows. The ability to learn ceaselessly is another reason that sets pharm reps apart from the rest. They are always ready to keep learning and adjust their pace to match the beat of the current client’s drum.

They Keep a Level Head

There’s no denying that dealing with the seniors and elderly can really test your patience. They will either forget virtually all the instructions or sometimes say the wrong things. Luckily, pharm reps are always even-keeled when dealing with clients or making negotiations with franchise partners. You’ll rarely see them lose control or speak too quickly. They understand that keeping their cool helps them avoid making utterances they might regret later. Also, it serves as an automatic credibility booster that has immense contribution to the overall growth of their businesses.

Not Sure How to Start a Home Care Business?

Now that you know what starting a home care business takes, there’s only one thing left to do – start a home care franchise with us. At A Better Solution Home Care, we are very focused on our franchise partners. We offer comprehensive training right from the onset as well as continued support every step of the way. Contact us today to learn more about our franchising opportunity.

The franchise business is growing in value and profits on a yearly basis. A lot of people are looking to invest. While investing in a franchise is bound to bring in significant profits, the amount of time, effort and money you’ll have to invest to make it profitable is not insignificant. If you are looking to buy a franchise, there are a few things you will need to know. One of the first things you may be wondering is, what are the best franchises to own?

The number one franchise in terms of popularity and profitability is real estate. Coming in at a close second is senior home care services. Senior care services are the fastest growing industry worldwide. These franchisees earn an average pre-tax income of $123,000 per annum. As this is an average, some of these franchises can earn less than this, while others end up earning far more.

What Can I Earn?

How much money will you get after you buy a franchise? A good way to find this out is to speak to franchisees working in a brand you’re interested in. It is also important to review the franchisor’s Franchise Disclosure Document. Most franchises’ FDD will include item 19, which informs you about the franchisor, the franchise system, and what you are agreeing to by your investment. Not all business will have an item 19 however, those exempt usually being newer franchises.

One thing to be aware of is that most franchises in their FDD will list the gross sales of the franchise, not necessarily their profits. While this cost is particularly low in senior home care, one of the major expenses you’ll be looking at in terms of your investment will be for equipment, supplies, labor, rent, marketing fees, royalties and more. This is one aspect of the benefits of the senior home care franchise, as the expenses for supplies and equipment are minimal.

Another expense you’ll have to account for is your own salary. It is common for franchisees to not take a salary from the business in the first year, so you’ll have to ensure you factor in your living expenses if you don’t have another source of income to cover this.

Funding Your Franchise

The cost of investing in a franchise can range from as low as $10,000 to as much as $100,000. This depends entirely on what franchise you’re investing in. The senior care franchise is expected to cost between $90,000 and $300,000. Home care franchises usually rest in the lower price range.

If you’re wondering how you’ll be able to fund such an investment, a loan is the most common option. Some may consider it a challenge to get a loan, but you will have the franchisor on your side to vouch for you. This will go a long way towards getting a loan approved for the amount you need.

What can senior care franchises expect to make per annum? Here is the answer, based on a survey by Franchise Business Bureau of over 1,700 senior care franchisees representing 18 different brands.

Percentage of senior care franchisees earning over $100,000:

• 42% make over $100,000
• 20% make over $200,000
• 14% make over $250,000

However, when you buy a franchise in senior care, there are more than just the monetary benefits to consider. You are actually delivering a community service by your contribution to and involvement in senior care. Ensuring the elderly are happy and looked after is integral to a functioning society.

A Better Solution in Home Care

A Better Solution In Home Care offers franchising opportunities that aim to exceed a successful business opportunity and provide care for seniors. Contact us today to learn more about our difference, and the opportunity you can achieve.