The senior care industry is booming, and its growth is highly stable. You may have begun to take an interest in the possibility of opening your own senior care franchise
. If you’ve ever wondered about what it takes to join the Senior Helpers franchise family, read on to learn more!
3 Things You Need to Start a Senior Care Franchise
A Positive and Compassionate Attitude
When you join a senior care franchise family
, you will need to have a positive attitude. Part of franchising involves learning the franchise systems and processes, which can only be done if you remain open-minded, cooperative, and coachable. Senior Helpers training is top-notch, but like most things in life, you only get out of it what you put in! Furthermore, as time passes and you become a seasoned, veteran franchisee, you’ll be looked to as a leader and consultant by new entrants into our franchise family, in the very same way you looked to established franchisees for help when your company was starting up. A positive attitude is paramount!
Additionally, senior care franchise workers must have compassion. People will look to you and your staff every day for support, and you must be ready and willing to offer it. Those without a compassionate attitude may find it difficult to give so much of your time and energy to others. Though other healthcare professionals will be responsible for your client’s critical care, you may also be required to communicate unfortunate news regarding client help to family members and must be prepared to do so in a calm and compassionate manner.
A Willingness To Play By The Rules
Running a senior care franchise isn’t for everyone. Some people are chaffed by the idea of doing something according to somebody else’s plan: they reason that if they wanted to follow orders, they wouldn’t have launched their own business in the first place. This is a negative way to frame beneficial franchise systems that have been developed a certain way to maximize franchisee profitability and efficiency. If you don’t think that you’ll be willing to work according to the systems and processes that your franchisor provides, owning a senior care franchise might not be for you. Keep in mind that you will still have plenty of opportunities to make your franchise “your own” – give us a call at 1-800-297-2730 and ask us how!
A Relatively Small Start-Up Investment
Senior care franchises are some of the most affordable to start
, especially when median startup costs are compared to those required by the food and beverage, business service, automotive, and cleaning industries. You can expect your initial investment costs to range somewhere between $81,300-117,300. This investment is significantly less than you can expect to pay when launching a fast-food franchise, for example.
If the initial investment still seems daunting, it’s worth noting that the senior care industry is one of the most profitable, with a better average return on investment than all of the aforementioned sectors. Don’t consider the cost an expense, but an investment – and one that you’re making into an industry projected to produce $500 billion worth of revenue by 2030!
You can get much more information about the current size, trends, and projected growth of this industry by viewing our video breakdown – or request a callback and consultation – at our website.