Earlier this year, Franchise Connect Magazine featured a cover story on in-home senior care and healthcare franchises. The article cited estimates of 6.5 million seniors who require assistance with day-to-day activities, a number that is expected to double by the end of this year. The publication also named Homewatch CareGivers® to its list of the Top 100 Senior Care Franchises 2020. Given the growing demand for in-home senior care and our respected brand, you may be wondering if an in-home care franchise might be the right choice for you right now. We’ve put together some information on franchising and the industry to help you decide if the time is right.
Are You Looking for a Feel-Good Career?
Owning a business that provides the empowered care that many seniors and other individuals need can be incredibly rewarding. You’ll be able to set yourself up for financial success while helping clients remain in their homes and live an independent life. You’ll get to see the positive impact your business has on individuals and families, and many of our franchise owners also develop a meaningful support system with our leadership team and other owners in our network.
What Do I Need to Get Started in the Senior Care Industry?
Generally speaking, getting started in the senior care industry will vary depending on whether you opt to invest in a franchise model or if you start from scratch. A senior care franchise such as Homewatch CareGivers® assists you with many of the things that are more challenging to build on your own, including relevant training, lead generating, and marketing. You’ll simply need to obtain all required certifications based on the federal, state, and local laws in your area.
Franchise Connect Magazine cites estimates that the U.S. senior care and healthcare franchise industry will be worth $400 billion by 2040. More and more, people want to age in place, and in-home care is one viable pathway to making that happen. Reputable home care services are in demand and essential. Combine that with low start-up costs, quick start-up time, and low overhead, and an in-home care franchise has strong potential for an excellent return on investment.
What Are the Benefits of Franchising?
Investing in a franchise business usually involves less risk than starting a business from scratch. The franchisor has developed systems and processes that help you eliminate some of the trial and error you would face just starting out, and you will often gain leads and credibility simply from existing brand awareness and marketing. As a franchisee, you also have a built-in support network of other business owners just like you to turn to for advice and encouragement.
Homewatch CareGivers® Could Be the Right Fit for You
As one of the Top 100 Senior Care Franchises according to Franchise Connect Magazine, Homewatch CareGivers® is a smart choice for entrepreneurs looking to invest in a home care franchise. Our organization has been committed to providing quality home care services for individuals and their families for 40 years, and we’ve established a time-tested, person-directed approach to care. We offer strong support and a firm foundation on which to build your own in-home care business.
In addition to the general benefits that come with franchising, Homewatch CareGivers® gives you access to our business management software and business intelligence tools. You’ll also benefit from our signature Care to Stay initiative, which focuses on best practices for recruiting and retaining quality caregivers. We are invested in the long-term success of our franchise owners, and we go above and beyond to show that in the ways we offer our support.
If you’d like to learn more about our in-home care franchise opportunities or get started on your path to ownership, reach out to us at (888) 718-5318 or fill out our online contact form. We look forward to speaking with you.