Read about the Senior Care Franchise Industry and Franchise Business News
Senior care franchising a great benefit
I am all did ask the question is senior care saturated ? There is already many well known senior Care Brands in my market. Is senior care franchising a great benefit?
This senior care industry is facing many challenges, but saturation is not one of the challenges. As more and more people joined the over 65 demographics group the demand for senior care continues to grow. And there are more and more families turning to senior care franchises to solve or at least help them to deal with the challenges of allowing their aging parents to age at home. From the simplest form of companionship care to very complex medical technicians and private duty nursing Families work to grant their parents with their greatest wish of remaining in their own home.
Recently The Daily Times published an article dealing with this issue by Peg DeGrassa , titled Secane woman calls longtime home health care nurse ‘her angel:
“Li sees about two patients a day. She has been a nurse at Pentec Health at 4 Creek Parkway in Boothwyn since 2000. Pentec Health specializes in in-home infusion services. The health care specialty company was recognized last month with a prestigious national designation for having a superior nursing culture. Pentec is the first-ever home health agency to receive a Pathways to Excellence Accreditation from the American Nursing Credentialing Center, a distinction usually reserved for hospitals and long term care facilities.”
Clearly both the caregiver and the client/patient are an inspiration to each other. We see more and more stories published every day about how senior care franchises impact positively the people that they help and their families.
Clearly the senior tour franchise business model and their care models are growing at a rate of 6% compared to non franchised care businesses going at only 2%. You don’t have to look very far to see health franchising has taken so many business models and have come to dominate this sectors of industry in which they do business.
Business Keeps Growing For Care Franchises
Most families want to keep their parents living in their own home as reported in Forbes magazine in the article called “New survey finds adult children want their parents to live in their the home”. Of all the options that families have for taking care of their parents it seems like the adult children agreed with the parents desire to remain in their own home.
As reported in Forbes, in the article, New Survey Finds Adult Children Want Their Parents To Age At Home, written by Robin Seaton Jefferson:
“Nearly 85% of baby boomers and Generation Xers surveyed responded that they would prefer for their parents and loved ones age at home, as opposed to in a professional senior care facility, said Chris Buitron, chief marketing officer of Senior Helpers. “It’s no secret that most seniors prefer to stay in their homes as they age, but we wanted to find out their adult children’s attitudes on the topic.”
They admit that granting their parents’ wishes can be financially challenging. Only 15% of the survey participants said they would like their parents in a assisted living community or a senior care facility.
The majority of those surveyed some 67% said that they would be comfortable discussing long-term options with their family members. That information is very important in that it demonstrates the willingness to have a conversation about this subject which can often be very sensitive to the family member.
The majority felt that when a family member remained in their home the experience was more positive. This should open up new opportunities or care franchises in the future.
What Makes A Successful Senior Care Franchise Owner?
What Makes A Successful Senior Care Franchise Owner? There isn’t a college degree required, or any kind of professional licensing to open a senior care franchise. In fact if you have the money your “good to go”! Some people think a franchise is a guaranteed profit. Nothing could be further from the truth. A franchise is a system, you still have to fall of the system.
It is important when you are considering a franchise that you think about what you want your life to be like with your new business. Everyone wants more money, someone to spend more time with your family , while others simply want more free time for their self.
Top 10 senior care franchise consultant Lewis Trio talks of modesty being one of the first consideration would any franchise. Even the most successful CEO will still have to follow the franchise system of business. its it’s important to remember that the main method a franchise company uses to avoid making mistakes is following a very well defined business plan. So one of the first qualities that a franchise company looks for in a franchise candidate is someone who follows their rules and procedures of business. Everyone says they will follow the rules, but the first time something doesn’t go as planned the franchise owner begins to break the rules and try different ideas of their own. It’s like a train that’s jumped the tracks, once it is off the tracks is very hard to get back on track.
This commitment to following a franchise system is very important in his senior care franchise industry.
One of the Senior Care Franchise Brokers at Top 10 Senior Care Franchises website can generate a list of companies free of charge. Simply complete the questionnaire below to get started:
Senior Care Questionnaire (takes about 5 minutes to complete)Read More
Home Health Care Industry Saturated?
I’ve been in franchising for almost 30 years. and a question that I’ve been asked most often is the Home Health Care industry saturated? As you move closer and closer to retirement you think about things first in terms of cost than the quality of life. In the last 20 years, Senior Care franchising has begun to redefine the quality of life for those of us over 65 years of age. They allow seniors to live a dignified and life fulfilling retirement in their own homes.
There are currently about 6500 Senior Care franchises and about 6,000 independent home health care agencies. With a population of almost 300 million people and currently then demographics tell us that 12 – 15% are over the age of 65 it’s easy to do the math. 300 million people divided by 12000 Home Health agencies net each agency about 3000 potential clients. If you subtract 30% as not needing the service (according to Health and Human Services) that still leaves 2000 potential clients. An average agency grossing $1000000 in sales would have between 30 to 50 clients. leaving 1900 – 1950 clients. without any coverage for service. And if you figure That the over 65 demographic segment gets larger every day. You can quickly see that this business is nowhere near saturated.
Senior Care franchises fit the franchise model very well. It is a system oriented business model delivering a very personal service. the senior care franchise platform allows its franchise owners the ability to established strong ties with their clients and strong business relationships with their referral Network.
There are 15000 new seniors in the United States every day! And those numbers will increase to 20000 a day in just a few years. The seniors of today have more money, more energy and demand the medical care and attention that they deserve. It is estimated that the home health care industry generated over $300 billion in 2016.There is also a major shift towards aging-in-place. it only makes sense that people would rather live in their own home than a modified nursing home/apartment, or worse! Also, Senior Care franchising is getting a boost from technological advances almost daily. Assistance and safety monitoring equipment have taken a dramatic leap helped by sensory Networks, bio-sensing, robotics, cloud computing and other Telecommunications and virtual medicine innovations. Still another very important factor is the tremendous return on investment that these franchises have. Senior Care franchising represents. With the best ROI in the franchise industry. and with startup costs averaging about $100,000 and an expected return of $200,000 to $250,000 shames all other franchise categories. The senior care franchise business model with their group buying efficiencies and their best practices mentality is making these businesses much more profitable, safer and equity builder then the non-franchise home health care agencies. In fact, the growth rate of franchises versus non-franchises is almost 3 two 1.
There are two basic business models, one offering non-medical at home care which is simply helping their clients with their daily living activities such as bathing cooking cleaning running errands things like that. The other skilled Medical Care where a private duty nurse comes in and helps the client with their medical needs. The problem with the medical care is that the market place for employees is very competitive and f fewer people are in entering these careers.
Some investors are concerned that the lack of regulation in the industry might impact growth. Currently the requirements for caregivers is very minimal. some states require CNA certification (certified nursing assistants) but most have no requirements at all.
Globally, the Senior Care franchise industry is most developed in the US followed by European Union. The increasing of over 65 citizens in the world how a long with Technological improvements, and government reimbursement in many Asian countries This industry can expect will experience significant growth vault in the US and worldwide for the next several decades.
Learn who the top franchises are. Visit the Top 10 Senior Care Franchises website to learn more about the home healthcare business.
Successful entrepreneurs in Home Health Care Businesses focus on preventing burnout from employees
It is an epidemic in the Home Health Care Business. And, no, not unemployment. It is an employee of Burnout. In contrast to the self-employed and self-employed, the employees cannot control. Just try to tell your boss that he will not be late or take a new project.
Therefore, it is the responsibility of the leaders by implementing the following tips to reduce employee fluctuation:
Communication and interaction with the computer.
“The most important thing in communication is to hear what is not said. “- Peter Drucker
Study around study has shown that the care givers in Home Health Care Business are stressed at work. Attitudes in the report of the work VII US found that amazing 80 percent of workers feel stress at work. Almost half, they say that they need help to learn how to manage stress, with 42 percent saying their companions need this help.
If you do not communicate with your care givers in Home Health Care Business, you will not know who are stressed, so ask. Is it the size of your workload? Your relationship with a colleague? The work-life balance? Or lack of job security? You will learn the answer when you actively listen to the staff. Start an open door policy or apply a proposal field. Accompany them in the trenches to better understand what they are.
Prashant Saraswat, Truegether.com co-founder, said the entrepreneur to communicate with your team helped manage stress. “Running an e-commerce business is not always an easy task, and the care givers in Home Health Care Business felt the pressure,” he said. “Talk to them and understand the cause of the poor performance has helped us to cope with the head. ”
Train care givers in Home Health Care Business.
If care givers in Home Health Care Business feel they have no voice in your organization, it is natural that eventually become less and less engaged. You will have a higher rate of employee burnout.
In fact, Dale Carnegie Training found that 71 percent of the workforce is not fully employed, resulting in a loss of $ 11 billion per year due to employee fluctuation.
Carnegie Council is to train your care givers in Home Health Care Business:
• Members of the Challenge Team.
• Encourage your passion for corporate vision.
• Provide clear opportunities for progress.
• Apply the same evaluation criteria for all.
• on the way to do their work.
Pay care givers in Home Health Care Business to take their holidays.
Almost all jobs provide vacation for the time, but most people do not use this time, and if they do, probably work outside the city. To change this setting, companies begin to pay their care givers in Home Health Care Business to take vacation.
Evernote, for example, has an unlimited vacation policy. There is also an additional allocation of $ 1 000 workers when they work a week. They encourage the care givers in Home Health Care Business to say goodbye. The initial full contact something called “paid, paid holidays” that employees $ 7 500 per year, as long as the time away from the work there are taken.
No wonder holiday season increased after the policy was introduced. If your paid holiday offer does not work for your organization, you should be completely closed for a holiday.
TED, the conference and the media company actually closed for one in the summer break of two weeks. A break from an additional week on vacation, there are employees a fourth week paid vacation has. The company believes that this strategy is more effective and now rested.
“Most of us also feel guilty to even take two weeks of leave if not planned for us in advance,” said the executive producer of TED Media-June Cohen, fast-paced company. “This creates a period of forced tranquility that is so important for productivity and happiness. ”
Although a much needed (and deserved) vacation is a good start that breaks the monotony of daily routine? After all, care givers in Home Health Care Business can not go on a permanent vacation.
Therefore, company employees to encourage side to work, their talents and interests based fight. Parallel projects improve creativity and individual satisfaction and can even be a help for the company, which is how Google launched Gmail.
Dropbox is one of many companies that encourages fans who have a “hack week” where the care givers in Home Health Care Business can work on something they do.
How do you find a Top home care franchise?
Start by making a list of companies expanding in your area. One of the Senior Care Franchise Brokers at Top 10 Senior Care Franchises website can generate a list of companies free of charge. Simply complete the questionnaire below to get started:
Senior Care Questionnaire (takes about 5 minutes to complete)
3 Things You Need to Do to Grow Your Care Franchise Naturally
Building a successful care franchise requires laser focus. Every entrepreneur wants to grow his or her business, but it’s that focus on growth that ultimately stands in the way of the desired growth.
The point is that you can focus on growth all you want, but unless you find a way to provide more value, your growth will be slow. Take Amazon for example. They are constantly finding ways to provide more value to their customers — from free same-day shipping to testing 30-minute drone-delivery — and that sets them apart from other e-commerce retail options.
The same value-focused approach can be applied to any care franchise.
I’m constantly networking, and since I spend a considerable amount of time in Oklahoma City these days, I have met several local business owners, one being Grover Walker, CEO of SaonMedia, a digital marketing, promotion and distribution company in the music industry.
While speaking with Walker, we discussed care franchise growth and the importance of providing value. Below are three value components that can grow your care franchise naturally across every industry.
1. Helping your customers become more successful and happier.
“Our artists love creating music and performing, and our goal is to help them succeed and ‘make it’ in this extremely competitive industry. With each client comes a different sound and unique personality, which we develop the marketing campaign around. Simply helping our artists do what they love has resulted in countless referrals and further business relationships within the music industry,” explained Walker.
This approach applies to everything — from business-to-business online marketing tools to consumer health and beauty products.
An online invoicing and accounting tool helps a care franchise be more efficient, allowing them to dedicate more time and focus on other areas of their business — helping them to become more successful. A consumer product like my teeth-whitening brand grows exponentially simply by making customers happy — in this case, by helping them whiten their teeth.
2. Being more innovative than your competition.
SaonMedia’s current focus is digital distribution to major digital and mobile retailers, and in the early years of development, they were limited to just music digital distribution to a select few digital retailers. However, after securing a deal with distribution giant The Orchard, they emerged as a leading distributor in the music industry.
“It took careful research and hands-on experience to realize that distribution alone was not enough for our artists,” explained Walker. “We realized that content marketing and promotion created valuable engagement between our music artists and their fans. We then developed a platform for artists to market and promote their music in a more efficient manner.”
Now, SaonMedia offers their marketing platform, consisting of music and video placement, content creation and radio play, to all independent artists. This approach allows music artists to deal with one company rather than several.
3. Giving your customers something your competitors can’t.
Walker’s company introduced this new marketing platform for independent music artists, which was something that his competition wasn’t focused on, explaining, “We believe that a direct-to-consumer strategy is an important key to success in the digital marketplace, so we made it a priority to offer this to our artists to help them succeed in a very competitive industry.”
This point circles back to the beginning, where I used Amazon’s 30-minute drone-delivery service as an example. They were the first to come to market with this, but one would be foolish to think that other e-commerce giants won’t follow behind.
That doesn’t make Amazon’s efforts any less meaningful — natural growth is about constantly finding new ways to provide extra value that isn’t found elsewhere. “If you are struggling to come up with ideas, poll your customers. Simply asking them how you can deliver more value will often provide you with the feedback required,”
Learn who the top franchises are. Visit the Top 10 Senior Care Franchises website. to learn more about the home healthcare business.
Non Medical Home Care Franchises Making a Difference
When given to him his own Non Medical Home Care Franchise care, he provides a wide range of possibilities. For you as an entrepreneur, it is the opportunity to realize the dreams we have always had on their own terms to make a living with you as your own boss. However, ownership of franchise offices in the senior care sector also has an opportunity to make a difference and has a positive impact on their local community. Older people deserve a life of dignity and agility, but can not afford it so that each community comes together to provide resources and support. As a medical technician, you will mix your business as another valuable resource with the fabric of your region.
Here are some of the ways you can make a difference in your community, not just for the elderly who can benefit from the services you provide, but also for their families, friends, and neighbors.
This may seem an obvious first step seems to connect with the larger community, but you wonder how much has really familiar you with seniors problems in your environment. How many franchisees for the elderly, bringing their own experiences to his family and private life, but took advantage of the problems of the elderly in their specific region to influence?
Look for ways to engage with older people and their families, participate in community events that pensioners are interested in, and take the time to learn about the issues and developments that affect the community – especially when referring to People who lived there longer. Join local groups on Facebook and make sure that your voice is heard as the defense of the elderly and their needs. Make sure you show your face in the real world and do not be afraid to take advantage of home care at home!
3 Ways to Make Your Care Non Medical Home Care Franchise a Difference in Your Region Meet the people who are dependent on them
You are the person at the top of his Non Medical Home Care Franchises, which means that you have to wear many hats.
One of this hat is used by the person who cared for the elderly because it wants the best for seniors who want to live a happy, healthy and independent life.
Caregivers work with older people daily, but it is helpful if you know who your clients are personally. Ask your customers on a regular basis, and be sure to keep an ongoing dialogue with their families so that you can be “in the loop” regarding changes to their stories and situations. This is one of the most important ways for you to show that you are more than entrepreneurs – you are also a local leader who is interested!
Your company has a mission that is certainly aligned with the visions set by the organization’s local non-profit and other organizations. You can support these organizations with their time, money and energy, which shows the community you are passionate about the same causes, what interests them.
You can also consider events and institutions of the community, with a great eye for these sponsoring events that are of particular interest to people
Learn who the top franchises are. Visit the . Top 10 Senior Care Franchises Website to learn more about the home healthcare businesshttp://top10seniorcarefranchises.com/non-medical-home-care-franchise-2/
Rural communities are concerned about access to Home Care Franchises for those who rely on Medicaid While much of the attention to support domestic care men and women in urban and suburban areas includes the country there are still millions of people living in rural areas communities. -These rural communities are men and women who are concerned about accessing various services with incisions to expect more programs that are implemented or even proposed across the country in different states.
With the Republican push to replace the law with the low cost of health care – by some seen how to reduce the cost of healthcare failed – there is a lot of confusion about how it affects people in rural areas.
A disproportionately high proportion of all of the revenue and tax sales is usually determined with a higher concentration of people in cities and regions and often leaves rural communities struggling with the remains in the budget yet to do so. This does not provide valuable resources for health care or home care.
NBC News reported in the article, Health Care in Rural Communities Uncertain as Medicaid Cuts Loom, written by Vaughn Hillyard:
“We know that rural hospitals disproportionally serve our low-income, older, sicker populations in the country, and to the extent that we can assure that they have the insurance there to pay for that care will be vital for rural hospital viability,” said Mark Holmes, a professor at the University of North Carolina and director of the North Carolina Rural Health Research and Policy Analysis Center.
The board of the hospital that Hicks is taking a chance on said the facility was financially insolvent just two years ago. Sayre’s residents had voted in favor of two separate one-cent sales tax increases — in 2007 and 2012 — to try and save it from closure.”
When hospitals struggle to stay operational when local authorities do not provide adequate support, it usually means that the residents have fewer options when they have it. Finding Home Care Franchises is already a challenge for men and women, especially older people in these rural communities.
As budget cuts show several programs, including home care, access to the level of care and appropriate support can also prove even more difficult. Too often, the overwhelming majority of care for home care and care focuses on the cities, but men and women in rural areas also deserve the same level of support.
Learn who the top franchises are. Visit the Top 10 Senior Care Franchises website. http://top10seniorcarefranchises.com to learn more about the home healthcare business.