Risks normally associated with
starting a new business are not as great with a franchise as
it is already established and the business plan approved.
Getting the right mix of marketing techniques, pricing
strategies and a quality product or service are the main
problem areas for any new business; as you are buying into a
franchise all these have already undergone rigorous testing
and the resulting system is achievable.
There are hundreds of different
types of franchise opportunities, from advertising and
computers to fitness, restaurants and home based franchises,
choosing one that will suit you depends on your lifestyle
and the areas you are interested in. New franchises offering
excellent potential for growth are
senior care franchises
and senior assisted living services.
Nearly every country is
experiencing a rapidly ageing population who are living
longer due to better health care, and the baby boomer
generation reaching retirement age in the next decade. It is
forecast that the older generation will double over the next
25 years and a market is opening up for professionals to
care for them. This has created a market for products and
services specifically for the elderly.
The majority of people who would
be interested in running a senior care franchise are
generally in that line of work already, nurses, health care
workers or care assistants. It isnít necessary to have a
medical background or previous experience in the care field
as long as you manage the facility by employing trained and
qualified staff, a legal requirement when working with
The home health care trend can
involve a variety of tasks including a care-giver offering
hands-on assistance with bathing, dressing and personal care
to preparing meals, providing transport and companionship.
This could develop into a management role as the business
expands and you might find yourself in charge of a team of
workers deployed to clientsí homes. Another opportunity that
exists is assisted living locators, by working with families
in your area you can help them to find and visit home
assisted living options.
The health care sector is set to
take over as one of the largest workforces over the next few
decades and senior care and
assisted living franchises
are seen as an emerging business opportunity that will grow
with it. The advantage of these kinds of franchises is that
the initial investment is modest when compared to other
commercial franchises and is not subject to economic
fluctuations. There is a lot of support offered by
professionals to help you build your business, making this
one of the best franchise opportunities available today.
The rewards you get from this
kind of work are unlike any other kind of franchise, both
personally and professionally. Professionally you will be
managing your own business, but personally you will be
making a difference in people's lives. If you are interested
in senior care franchise opportunities and home health care
then carry out some research online and request information
about senior care franchises and senior assisted living
services before deciding on which business is right for you.
Michiel Van Kets provides article services for Ray Haiber who has 14 years experience as a professional
Arizona Business Broker.