4 Reasons Your Senior Care Franchise Business Will Succeed
If you’ve been considering starting a senior care business with the Executive Advantage, today’s post is for you. Read on to learn 4 ways our senior care franchise business will help you meet and exceed your business goals.
- America is going grey. The Silver Tsunami is coming. The Grey Wave is rising. The “2030 problem” is looming.Whatever you want to call it, there’s no denying that America is getting older. As the baby boomer cohort continues to age en masse, America’s senior population (those aged 65 or older) increases by 10,000 every day. US Census Bureau studies indicate that American seniors will outnumber children by 2035, and that 1 in 5 Americans will be over 65 by 2030.
According to a new S. Department of Health and Human Services report, seniors turning 65 today have nearly a 70% chance of needing some type of long-term care service or support in their remaining years.
America is going grey, no doubt, and that’s good for business. With nearly 80-million seniors expected by 2030, that leaves 56-million Americans in need of long-term care in the next decade. This number represents only a portion of your potential clientele, as it does not include all of the non-seniors that our non medical care services can help.
Few other industries enjoy abrupt target audience expansions like this. Now’s the time to invest in a senior care company.
- Senior spending power is climbing fast. A new survey by Cotton Incorporated indicates that the global spending power of seniors will exceed $15 trillion by the end of 2019. This echoes results from a recent Oxford Economics study, which found that the spending of Americans ages 50 and up accounted for nearly $8 trillion worth of economic activity in the United States in 2016. Moreover, Boston Consulting Group projections indicate that by 2030, US seniors will have accounted for over half of all domestic consumer spending growth since the Great Recession.Rising senior spending power bodes well for long-term care outcomes, and for your business. A large percentage of America’s elderly will be able to afford the care they need, and you’ll be there to provide it.
- Executive Care franchisees get unparalleled support. Time and again, our franchise training and support system has transformed inexperienced and unskilled investors into successful senior care experts. We cover everything from back-office management to front-line caregiving and sales. Our support begins during your business start-up phase and continues indefinitely, with ongoing education and coaching visits to keep you apprised of cutting-edge practices and technologies.
- You’re choosing a proven senior care franchise business model. Since 2004, we have been helping investors meet and exceed their senior care franchise business goals. We are consistently ranked in the top-200 of Entrepreneur Magazine’s Franchise 500, which celebrates franchise systems with outstanding performance in unit growth, financial strength and stability, and brand power, and have earned a number of other awards and accolades to date. For a complete overview of our history and milestones, visit the Executive Care About Us page.
Book A Free Senior Care Franchise Business Consultation
Visit our website or call 1-855-393-2372 to speak with an Executive Care representative for a no-cost, no-commitment consultation.