Is Owning a Senior Care Franchise Realistic?
Owning a senior care franchise is not a “hard sell” for most people. The idea of working in a highly profitable industry, providing a much-needed service, and keeping seniors happy and healthy sounds pretty good. There is a high level of job satisfaction involved, and the “greying of America” has made this industry hotter than ever.
However, it’s not realistic for everyone. Today’s post highlights what kind of personality, skill set, and start-up capital is needed make running senior care franchise worthwhile. You might be surprised to learn how easy it is with Executive Care!
If it Makes Dollars, It Makes Sense
Before you commit to any business, you need to make sure it’s profitable. Fortunately, the senior care industry never seen more profitable supply-and-demand dynamics.
With 10,000 people turning 65 in America every single day, and more than 90% of people indicating that they want homecare instead of an alternative living arrangement, there has never been a better time to start a senior care franchise.
Healthcare industry pundits have been talking about the spike of senior care seekers and the shortage of providers for years. From the service user perspective, it’s been dubbed the “2030 problem,” but it’s a golden opportunity for new senior care businesses.
If you have the means to start a senior care franchise, now’s the time.
Do I Have What it Takes To Make it in this Industry?
When most people read that heading, they probably expected to read about skills and experience. Rightfully so–senior care requires quite a range of skills and expertise. Even those providing simple non medical home care, such as general assistance with the activities of daily living, could get more done in less time with professional training. And beyond the hands-on care component, owning a business in this industry requires knowledge of marketing, bookkeeping, website management, sales, customer service, and more.
But training and experience aren’t prerequisites. They’re just requisites. And when you partner with a senior care franchise like Executive Care, you get access to the best training available. Years of senior care and business management skills and experience are distilled into a fat-free training program that covers all aspects of your new career.
If you have any doubt about whether you have what it takes in this regard, consider this: some of our most successful franchisees entered into the system with absolutely no prior training or experience.
That said, owning a senior care franchise isn’t realistic for everyone. Though training and experience can be acquired, some crucial character traits cannot. Successful senior care providers are patient, compassionate, hard-working, coachable, and respectful. They care about making a difference, and they like working with people.
Can I Afford to Start A Senior Care Franchise?
Starting a senior care franchise isn’t realistic if you lack the capital or funding sources.
But the Executive Care franchise model is extremely affordable. For as little as $99,750, you can get everything you need to start a successful senior care franchise. That includes prepaid rent, office furnishings, licensing and incorporations fees, grand opening advertising, the franchise fee, all training, and a $50,000 safety net of working capital.
You can view a detailed, item-by-item breakdown of our startup investment here.
Learn More about Starting a Senior Care Franchise
If you think you’ve got what it takes, get in touch with a member of our team at 1-(855)-393-2373 or request more information online. There is no charge or obligation with this call–just bring your questions and we’ll be happy to help any way we can.