Whether you’re young and want to start your own business or retired and looking for a good investment (or somewhere in-between!), a homecare franchise is just what you need. At 1Heart franchise, we’ve been helping people launch their businesses for years. We’ve put together this guide on how to start a homecare business and why it’s a good investment to get you one step closer to working for yourself.
The Market Is Booming
There’s never been a better time to start a senior care business. The senior population is expected to reach more than 80 million people by 2050. That’s a lot of folks who will need help! An in-home care franchise is the perfect way to meet that need.
Plus, more than 80% of the senior population say that they want to stay in their own homes. It’s familiar, comforting, and helps seniors stay happy and healthy. With a homecare business, you’ll be uniquely positioned to help the seniors in your care stay in their homes safely.
Similar to the market booming, the senior care industry is reliable. Simply put, there will always be elderly folks in our society who need companionship, assistance, and help staying in their homes. One unavoidable fact of life is people will always age.
Starting an in-home care franchise now means you’re building a successful business whose existence will always be in demand. Plus, the earlier you start, the more time you’ll have to build up experience, routines, systems, etc. that will serve you well throughout your career.
Less Work than Traditional Entrepreneurship
While you do have to invest some of your own money to start a franchise, most of the rest of the work has been done for you. One of the easiest parts of learning how to start a homecare business is not having to worry about the foundations of, well, starting a business.An in-home care franchise comes with a built-in customer base, services that have been tested and proven successful, branding and trademarks already created and filed, etc. You get the benefits of starting and owning your own business without large parts of the logistics that traditional entrepreneurship requires.
More Support than Traditional Entrepreneurship
In addition to less upfront work, a franchise offers you more support. You’ve got the backing of a successful company to help you from the second you sign up. Especially at 1Heart, we’re proud to support you every step of the way. Enjoy intensive training by fellow franchisees, plus top-level business services like accounting, staffing, selling, and marketing. And that’s just the beginning!
Starting an in-home care franchise gets you more support and guidance than going into business from scratch.
Secure Financing More Easily
This one will depend a little on your banking situation, but in general, you’ll be able to secure financing for a franchise more easily. When looking into how to start a homecare business, you’ll likely have to approach a banking or lending institution for the startup costs.
When you’re in business alone, banks tend to see you as a higher risk. It’s just you, after all, with no proven track record of success. When you start an in-home care franchise, however, the bank sees that you’re backed by an already successful company.
Plus, they know you’ve got those built-in customers, marketing support, and name recognition. All these factors mean you’re more likely to get favorable financing options.
Flexibility in Your Career
One thing people say often about their careers is that they don’t like the rigidity of a 9–5. Wouldn’t it be nice to work for yourself, complete with the ability to set your own hours? That’s the beauty of starting a franchise.
While the franchisor will have some say in how you run your business (their name is on the line, of course), running an in-home care franchise is working for yourself. You get to decide your hours, how many employees you need to run a successful business, how much work you want to put in… all of it. You’re the captain of your own ship!
Learn How to Start a Homecare Business with 1Heart
When you’re ready to make the smartest business decision of your career, trust 1Heart franchise. We have years of experience helping dedicated franchisees just like you launch the next phase of their lives. Provide a vital service to the seniors in your community and secure your financial future, all in one package.