Senior Home Care Franchise Opportunities Abound In 2020
Today’s post reviews demographic and business research to explain why senior home care franchise opportunities are so easy to find in 2020. Read on to learn what’s driving the demand and why you ought to supply!
The Senior Population Is Growing Faster Than Ever
If you’re trying to understand why you’re seeing so many senior home care franchise opportunities pop up around the country, look no further than the rate of America’s senior population growth.
Research by the AARP projected that seniors will outnumber children by 2030, as all boomers and 1 in 5 U.S. residents reach retirement age. Until then, roughly 10,000 adults will age past 65 every single day. You’d be hard-pressed to find another industry that’s seeing such a tremendous growth in their target audience and service demand.
Senior Home Care Franchises Are Key For American’s Aging Goals
AARP research shows that nearly 9 out of 10 seniors plan to “age in place,” enjoying their retirement in the comfort of their own homes. But in order for that to be possible, a huge number of American seniors are relying on the services of senior home care franchises. This is especially true for “elder orphans,” a term used by the AARP to describe individuals who are aging alone with no family available to address their caregiving needs. For these individuals, having somebody there to help with the activities of daily living (ADLs) is the difference between “aging in place” and uprooting their lives.
The abundance of senior home care franchise opportunities in 2020 reflects this growing desire to age in place. Investing in a senior home care franchise allows you to capitalize on this surging demand, while also positioning yourself as the key facilitator for America’s aging goals.
COVID-19 Concerns Highlight Pressing Need For Senior Home Care
In order to curb the spread of COVID-19, many states have adopted stringent social distancing and self-isolation policies. Complying with these policies is particularly important for seniors, who have been identified as one of the most at-risk groups. But the COVID-19 pandemic doesn’t change the fact that seniors need home care–in fact, it makes home care more important than ever, especially considering how easily the virus can spread in group home environments.
You Can Start A Senior Home Care Franchise Without Experience
Another important factor in the proliferation of senior home care business opportunities is the low barriers to entry. Though many people assume you need a healthcare or business degree to get started, that couldn’t be further from the truth. So long as you partner with a reputable company with high-quality training programs and support services, you can learn everything you need to know during the pre-opening phase. Many of our most successful franchise owners started researching senior home care franchise opportunities without any relevant experience or training, just a desire to help people and a willingness to learn!
Find Senior Home Care Franchise Opportunities Near You
Call 1 (855) 393-2372 or visit the Executive Care website to book a free consultation with a member of our team.