Could You Run a Home Care Agency Franchise? 5 Facts About Our Owners
The rapid expansion of the senior population is driving unprecedented demand for home care agency franchise services.
According to the Huffington Post, in-home healthcare services is the fastest growing segment of the elder care industry, valued at approximately $400 billion in 2018. Investors are taking notice.
Could you run a home care agency franchise? The answer might surprise you.
Today’s post shares 5 facts about the average Executive Care owner that show how accessible our opportunity truly is.
Executive Care owners love their work
You can’t fake passion. Nor can you teach it. If you aren’t truly passionate about helping seniors in your community, then this isn’t the home care agency franchise for you.
But that’s not to say you have to be passionate hands-on caregiving. You can do plenty of good for your community by finding qualified caregivers for families in need, or supporting America’s homecare infrastructure as a multi-unit investors.
Does the comfort, safety, independence, and quality of life of older adults matter to you? Do you want to make a difference? Executive Care can help.
Not all home care agency franchise owners are “active”
Whether you’re looking for an engaging day-to-day career or a more passive investment, Executive Care has a proven system in place.
We offer 3 business models:
Single Unit Owner
You don’t have to be a millionaire to open a home care agency franchise
Given our brand reputation and the level of support we offer franchisees, many people are surprised at just how little it costs to start a home care agency franchise with Executive Care. Contrary to popular belief, you don’t have to be a millionaire: typical initial investments range between $99,650 and $161,900.
Discounts are available. We proudly participate in the International Franchise Association’s (IFA) VetFran program by offering veterans a 20% discount on the initial territory fee.
Multi-unit owners save even more money. Second territories franchise fees are reduced to $35,900 and Third territories are reduced to $29,500.
Most Executive Care franchisees had no prior healthcare experience
You may think that you need a degree or certification in healthcare before starting a home care agency franchise, but that’s simply not the case. In fact, some of our most successful franchisees started with our company without any healthcare skills or experience.
This works for two reasons:
First, as mentioned previously, some investors choose to take a semi-absentee role, focusing on executive-level decision-making that distances them from frontline care duties. Likewise, some single unit owners simply choose to focus on business management and hire qualified staff to handle the hands-on caregiving.
However, those who want to get involved in caregiving will always have that option, thanks to our powerful training system. Our individualized training program focuses on the skills you need using a combination of in-class instructionals, hands-on workshops, and on-site coaching.
Some Executive Care owners had never owned businesses before
Over the years, we’ve found that successful candidates possess the following qualities:
Strong leadership ability
Readiness to learn
Passion to succeed
Exceptional time-management skills
Ability to multitask
Commitment to the senior care mission
Dedication to community
You’ll find that “business ownership experience” is not on the list. While it certainly helps, no prior experience is needed. As mentioned previously, our training covers all you need to know to succeed in this industry, and our proprietary business management software creates major advantages in scheduling, time and attendance management, billing, payroll, customer relations management, and more. Additionally, we offer constant opportunities for continuing education.
Discover our home care agency franchise opportunity
If you’d like to learn more about what the Executive Advantage really means, we encourage you to visit our new website or call 1 (855)-393-2372 to speak directly with a representative.