What makes senior care franchise owners stand out?
Is it their level of education? According to Zippia, 62% of franchise owners hold a bachelor’s degree, and less than half of those are in business.
Could it be their business savvy? While having an aptitude for business can help you as a franchisee, it’s not necessary to have previously been a business owner.
At Homewatch CareGivers®, we understand that some of the best in-home care franchise owners aren’t always the ones with multiple degrees or decades of experience. They’re the people with specific traits that enable them to lead by example, motivate others, and succeed under pressure.
If you suspect that you’d make a great franchise owner, we encourage you to read through our owner profile and see if you possess most (if not all) of the qualities below.
1. Adapts Well to Different Situations
Owning a business is not for the faint of heart. One minute, things are going well, and then the next, it feels like a struggle to bring in substantial business. There’s an ebb and flow to franchise ownership, and you’ll find that operating your business is easier if you’re able to adapt to various situations, good and bad.
2. Communicates Well with Everyone
Communication is everything for business owners. You’re constantly communicating with staff, customers, and other franchisees. You don’t have to be the life of the party, but you do have to convey your expectations and vision to team members effectively. With the proper training and education from our franchise team, you can go from being a prospective senior care franchise operator to a successful business owner.
3. Stays Organized
From as far back as you can probably remember, people in leadership positions have likely been driving home the importance of organization. Not everyone has that innate need to keep everything in its place. However, you could be doing yourself a disservice by allowing disorganization to consume your professional life. In her book, The Organized Executive: New Ways to Manage Time, Paper, and People, author Stephanie Winston estimates that managers lose an average of 1 hour a day to disorder, which can cost up to $4,000 annually while earning a $35,000 salary or over $8,000 annually when earning $65,000.
4. Remains Positive
Positivity is essential whether aspiring to be a franchise owner or learning a new skill. Keeping a positive mindset will help you go far in virtually anything you want to accomplish. When you’re awarded your home care franchise, we’ll lay out a roadmap that involves a lot of training so you can get off on the right foot. This process may seem overwhelming at first, but staying positive and trusting the process will help you stay focused on your goals.
For seasoned franchise operators, by proxy, staying positive and encouraging a positive work environment can:
- Boost productivity
- Enhance morale
- Increase loyalty
- Heighten positive emotions
- Decrease turnover
5. Practices Patience
That old proverb “patience is a virtue” rings true for franchise ownership. Whether your patience comes from years of training or it’s innate, you have to display and practice a certain level of patience when you own a business. Patience allows leaders to step back and take stock of the situation, allowing for thorough assessment and adequate understanding. In that way, a patient franchisee can take appropriate action during challenging times. Trust us; patience will take you far in business and life overall.
6. Loves Learning
When you’re operating a business, learning is a constant. You can’t get away from learning because, as we said, there’s an ebb and flow to franchise ownership. You’re not required to be a philomath (someone who enjoys learning and studying) or a polymath (someone who possesses detailed knowledge from various disciplines), though it can help tremendously.
We encourage anyone interested in a franchise opportunity to consider your capacity to learn and absorb information because there will be plenty of training the first year as you acclimate into our franchise network.
7. Owns Mistakes
We can all recall that one person in school, at work, or in our personal lives who can make a mistake, but someone else is always the cause. This is certainly no way to conduct yourself as a franchise owner. In fact, research from New York University’s Stern School of Business shows that when leaders are fair and can own mistakes, employees are spurred to be loyal and inspired to fully commit themselves to the job. You’ll also see higher employee retention rates and healthy company culture.
Homewatch CareGivers is Looking for Someone with Your Personality
Our franchise brand continuously seeks prospective senior care franchisees like you with unique personality traits excited to leave a lasting mark on the community. We encourage anyone eager to pursue franchise ownership to check out our owner profile to better understand the type of entrepreneurs ideal for this robust and diverse industry.For more information about how to get started, please fill out our form, or call (888) 718-5318 to ask any questions.