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What Is A Care Franchise Discovery Day Video?

What Is A Care Franchise Discovery Day Video?

How to research a Care Franchise

What is Discovery Day?

What is a Care Franchise Discovery Day Video?When researching a Care Franchise one of the most important components of your research should be to attend a Discovery Day. Discovery Day is simply defined as an open house by the Care Franchise company.

Discovery days are held by franchisors for potential candidates who have met the basic requirements of the company and show promise as one of their new business startups. The day provides both the franchisor and the budding franchisee with a chance to meet up, find out a bit more about each other, and discover whether this is the right opportunity for both parties.

What Happens on a Senior Care Franchise Discovery Day?

A lot of franchisors will have a thorough agenda for their discovery days, providing a mixture of group presentations and one-on-one meetings. For example, you’ll hear staff members and team leaders talk about setting goals, marketing, operations, technology, demographics, legalities, and the mission and image of the brand. This is a great opportunity to meet people that you may be working with and to hear how the brand operates. There may also be other activities such as interviews with current franchisees or touring nearby care franchises.

What Should You Take Away from a Home Health Care Discovery Day?

The information you’re provided with at a discovery day should help to give you a good overview of the company’s values and culture. And, at the same time, it’ll give the franchisor a feel for how you work and whether you’re the right fit for the business.

Discovery days are beneficial for both parties – for example:

A franchisor may benefit from:

  1. You meeting key members of staff and learning about the franchise program
  2. You asking or answering any questions
  3. Talking to you, hearing your thoughts, experiences, and qualifications to make a decision as to whether you should be offered a franchise

A franchisee may benefit from:

  1. Getting a good understanding of how the company works and what’s involved in the day-to-day running of it
  2. Having questions answered when talking to current franchisees – and their answers may be more candid than a manager’s or team member’s
  3. Receiving feedback on their overall strategy and business plan from the franchisor

What Happens Next?

A discovery day is about you meeting key figures within the business and for them to meet you. This enables everyone involved to make an informed decision about whether the franchise agreement should be taken to the next step.

After attending a discovery day, you’ll be able to go away and think about what you’ve learned, discussing the finer details with your family and attorney before you progress to the next stage. Once you’re comfortable with the franchise agreement, and you’ve received the go-ahead from the franchisor, you’ll be able to start your journey towards a successful franchise ownership.

Using the free tools available on the Top 10 Senior Care website you can zero in on the companies that provide the type of business model you are looking for.

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Fazoli’s Franchise Offers New Menu

Menu changes, upgraded plates helped Fazoli’s Franchise rebound from recession

franchiseFazoli’s Franchise grew to 400 restaurants before the recession that followed Sept. 11 took a toll on sales and eventually led to the closure of about half the chain’s restaurants. Today, under CEO Carl Howard, the chain has recovered, enjoying 15 quarters of rising same-store sales after making changes including upgrading the menu, adding table service and switching out plastic plates and utensils for china and silverware.

Nation’s Restaurant News (free registration)

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Home Instead Next McDonalds?

Is Home Instead the McDonalds of the Senior Care Industry? Home Instead Next McDonalds?

Don’t make the mistake of selecting a franchise simply because “you’ve heard of it”.

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Learn how to purchase a Senior Care business with the Senior Care Buyers Guide

Learn how to purchase a Senior Care business with the Senior Care Buyers Guide

Learn  how to purchase a Senior Care business with the Senior Care Buyers Guide. Senior Care Buyers Guide teaches you everything you need to know.

Click Here To Download Your Copy of The Senior Care Franchise Buyers Guide

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5 Major Mistakes Senior Care Franchise

5 Major Mistakes Senior Care Franchise

I have been in the Senior Care franchise business for over 30 years. And some of the mistakes that I see people make most often,

Making an investment decision based on “name awareness” or “having more franchises” is a mistake because the bigger franchises often have the smallest territories. Also the focus is on getting bigger, not on helping new franchise owners on being more profitable. We develop a list of ALL franchises and discuss with our clients the pros and cons of each.

Watch the video to avoid these mistakes everybody makes!


Top 10 Senior Care FranchisesVisit The Top 10 Senior Care Franchises website for more help with your franchise research

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Increasing home care franchise opportunities

home care franchise opportunitiesWith an ever increasing home care franchise opportunities.

A number of factors that have been years in the making have converged recently to lead to a surge in consumer demand for quality in home care services.

Senior Care franchising started about 35-40 years ago. in home care services were virtually unheard of and nursing homes were the norm. Life expectancy in 1980 for both men and women was 73.7 years and in 2010 life expectancy was 78.7 years (for both sexes averaged), but women’s life expectancy in 2010 was 81.1 years. Also, the Baby Boomers have entered their retirement years: in 1980 there were 25.5 million Americans who were age 65 and older; in 2013 there were 44.7 million people age 65 and older (source: US. Census Bureau) and projections for 2020 show 56.4 million in the United States will be age 65 and over. Or, put another way, by 2030, 1 in 5 Americans will be age 65 or older.

Where Does the Demand Come From?

While the statistics clearly show more people living longer, you might be asking how this relates to in home care—after all, just because someone is 65 years young, doesn’t mean they need a professional caregiver.

For one thing, people no longer want to be moved from their familiar homes, neighborhoods and social circles. AARP data shows that 89% of adults who are age 65 and over want to stay in their current home and community, what is also called “aging in place.” As people age or become ill, abilities change—whether temporarily or progressively—and some assistance with daily activities can be needed. That help might come from unpaid family members or friends for some people, but others may need to rely on professionals if family lives too far away or is not around for another reason.

Alzheimer’s disease has become more prevalent, and this progressive disease can require around-the-clock care. In 1980, there were about two million cases of Alzheimer’s disease in the United States and by 2004, those numbers more than doubled to 4.5 million. Today, there are more than 5.4 million people living with Alzheimer’s disease.

A recent Forbes article noted that about 12 million American require “long-term supports and services (LTSS),” and that number is expected to double in the next 10 years. And, 80% of that is delivered in the home.

Depending on age and ability due to illness or other factors, professional caregivers can be there with transportation to and from necessary medical appointments, to be a friendly companion who keeps loneliness at bay, to help with daily grooming, to prepare meals, and much more. Sometimes family caregivers are doing all of these things for a loved one and just need a break so they can keep going. Often backup professional care is their only respite from family caregiving.


Home care franchise opportunities Stepping In to Meet the Demand

To be sure, competition has increased for home care agencies since 1980 as entrepreneurs invest to meet the demand for senior care services, it’s important to remember that in some ways nothing has changed. People of all abilities and ages need a human connection in order to live a meaningful life filled with joy and purpose. New technology cannot compete with a true personal connection that comes when a professionally trained caregiver arrives with a smile, a listening ear and caring heart to the home of someone who is feeling lonely and helpless.

Quality in home care meets the demand created by an increase of people living longer, sometimes with chronic conditions, and has the potential to improve lives too

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)

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How To Start Your Home Health Agency Franchise Stress Free


Home Health AgencyOrganization is critical to the startup process, but also in day-to-day operations. How To Start Your Home Health Agency Franchise Stress Free first you must learn that time is money. When you operate haphazardly and without much organization, you will quickly see how simple tasks become complicated.  Check out these 5 Steps to help stay organized.



5 Essential Ways to Become a Super Organizer for Your Business Venture

  1. Speak with a CPA about Your Home Health Agency Franchise

Developing a long-term financial strategy is critical when starting a new business. Not only do you need to know how much money you have to spend, but how much your project will earn, how to limit your taxes for the year, and what receipts and files to keep for filing taxes.

New Home Health Agency Franchise owners rarely know just how in-depth business taxes are until they are ready to file. You can avoid the chaos during tax season by being prepared from day one.

  1. Separate Business from Personal (Everything)

The first, and most obvious, is separating finances. However, from there, you must also separate work from home. Even if your new business startup is at home, you still need to separate the two with a home office and designated work hours. If it helps, write down those work hours.

Second, you must be prepared to organize your business items away from personal items. That means business files are not stored with personal files, business mail goes to a P.O. box rather than your home, and the two worlds do not collide.

Doing so will make the process of organizing each easier. If you mash it altogether, you may find the chaos of work spills into the chaos of home.

  1. Keep Your Desk Spotless

New Call-to-action Make a habit of cleaning off your desk at the start of the work day. Even if you have just one client, their paperwork should be in order, and you should not have endless files strewn about the desk. Entrepreneur recommends organizing files by color coding, such as green for financial papers, purple for clients, and more.

4 Get to Know To-Do Lists

To-do lists are a go-to habit for anyone that wants to stay organized.  They can be simple or elaborate, digital or old-school pen and paper.  Your lists can be organized based on the day, week, month, or quarter. You can have as many to-do lists as you would like, but keep them in line with your schedule for the day so that you get things done on time.  If you prefer visual reminders, invest in a white board for your wall.

5 Start Using Calendars

If you have not used calendars in the past, it’s a habit to get used to. Important deadlines should be on your calendar, and you should setup digital reminders a few days before so that you remember. For example, paying estimated taxes. You can remind yourself a few weeks prior to ensure the finances are in order, but then a few days before the due date so you can submit your quarterly tax payment.Will you be meeting with clients? Setting appointments with customers?  Customer service software with calendar features are a must for day-to-day business, especially as your business grows.

Organization is about Systems

Being a Home Health Agency Franchise owner is inherently stressful. The key is the implementation of systems.  If you are looking to build a business of your own without having to create the systems to run it, a franchise model might be for you.  With business systems already in place, you can be busy building a potentially growing and profitable business, without have to start from scratch with every aspect of the business.

Related Articles:

How To Research A Care Franchise

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Ladies open a Home Care Business Franchise

Ladies open a Home Care Business Franchise.  As a busy, hardworking woman, you no doubt meet many work-life balance challenges. From juggling your work life with your social life, to missing out on key things, such as putting your kids to bed or getting them up for school in the morning. And that’s not even mentioning that job promotion you missed out on but knew you were qualified for. Does this sound familiar? Then it may be time to take the reins and become your own boss.

Even though we’ve come a long way in gaining equality for women in the workplace, statistics indicate that there’s still some way to go – especially when it comes to managerial positions. The report, Women in the Workplace 2016 by McKinsey & Company, demonstrated that 37% of women hold managerial positions and 33% hold director positions.

But as a successful businesswoman who wants to reap the benefits of home care business franchise ownership, there are options available. And ones that provide you with the opportunities, control, and flexibility you want and deserve.

The Flexibility of Opening a Boomng Care Franchise

One of the greatest benefits for female executives opening a franchise is the flexibility it offers. Some franchises don’t require a storefront, so you can run them from the comfort of your own home, at a time that suits you. This allows you to plan your day so you can work around your children’s schedules, go for lunch with friends, or continue with a hobby that you’ve not had time for.

As a franchise owner, with some concepts you can choose to be as involved with the home care business franchise as you want. For example, if you opted for a cleaning services franchise, you may choose to run this from behind the scenes, hiring other employees to carry out the day-to-day jobs for the business. This offers you all the control of running a home care business franchise without having to roll up your sleeves and pick up a duster to get the job done.

The Security of Becoming a Franchisee

Unlike a female entrepreneur who is trying to make her idea go global all on her own, a franchise offers a proven home care business franchise model to work with. This gives you added security in your business ownership, and comes with all the necessary tools, training, business plans, advice, and support you could need.  In franchising, you are never alone.

The financial commitment may also be less risky. You will be provided with figures that demonstrate how long it’ll take for your business to start generating revenue. Therefore, you’re never in the dark when it comes to your finances, and can calculate exactly how much money you’re going to need to start your franchise.

Opening up a franchise as a female executive isn’t “the easy way out.” It takes a lot of drive and determination to succeed. With your managerial skills and unwavering desire to be a success, plus the drive to take control back of your life and future, a franchise business model could provide you with all of the opportunities you’ve been seeking but haven’t been given in the workplace.

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)

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Are You burned Out At Your Job?

Care Franchises Booming

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Medicaid Services Announced Final Home Health Care Franchise Rules

Medicaid Services Announced Final Home Health Care Franchises Rules

You will find about 6,000 home health care franchises operating across the country that are certified to provide assistance to those relying on Medicare or Medicaid services. These home treatment agencies provide a large breadth of services, including assistance with basic jobs or everyday living, including meals preparation, bathing, and toileting, nonetheless they can provide medical services, physical therapies, and even more.

THE GUTS for Medicare and Medicaid Services (CMS) has been focusing on regulations for quite a while to help give a minimum group of standards that require to be met for these home healthcare agencies. To be able to receive reimbursement for the assistance rendered, these businesses have to be approved to not simply have the ability to provide them, but each service must be approved by CMS prior to them being provided.

This new rules change is the first in a few years and practices many years of challenges, demands action, and frustration by some seniors and disabled adults and their members of the family.

As reported by Modern Healthcare in the blog, CMS issues final rules for home health agencies, as written by Elizabeth Whitman:

“Today’s announcement is the first update in many years to Medicare and Medicaid home health agency rules and reflects current best practices for in-home care, based on recommendations from stakeholders and medical evidence,” said Dr. Kate Goodrich, CMS’s chief medical officer and the director of its Center for Clinical Standards, in a statement announcing the rule.

The 374-page rule sets out conditions for home health agencies to be able to participate in federal Medicare and joint federal-state Medicaid programs. They include requirements in training, competency and patient rights.”

To be able to participate (or continue engaging) in the Medicare and Medicaid home healthcare services program, agencies need to meet up with the guidelines and expectations established in this 374 site document. These regulations include issues revolving around training, competency, and patient protection under the law.

Among the highlights of the rules changes is the fact patients and caregivers must receive, on paper, information about the services required and which will be provided. This may including instructions relating medication, clinical professionals working from home health care businesses, and contact information.

The target, according to CMS, is to go toward a patient-centered approach that also targets goals and helping seniors and disabled adults hold the best opportunities to attain the goals established within recovery or an increased standard of living.

The brand new rules will get into full effect July 13, 2017

How Much Money Can I MakeVisit the Top 10 Senior Care Franchises to find out

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HSA’s and Care Franchise Ownership

This savings account could power your retirement

They’re great on taxes, but you’ll need good luck — and good health.

If you don’t know what a health savings account is, it’s time to find out.These accounts, which are available only to people who have a high-deductible health plan, offer a trifecta of tax benefits for people who use them to save money for medical expenses: you put money in pre-tax, the money grows tax-free and is distributed tax-free as long as you use it on qualified medical expenses. But for many people, the disadvantages of such plans will outweigh the advantages.

A key tenet of President-elect Donald Trump’s stated health-care plan is to expand access to these savings accounts, but there’s already a growing trend among employers to move employees to high-deductible insurance plans. That means consumers need to understand both those insurance plans and the pros and cons of health savings accounts.

Here’s why: A trend toward high-deductible health plans spells trouble for many people’s financial and health outlook — unlike a traditional insurance plan, a high-deductible plan necessitates having money set aside for initial health costs — but it’s also true that some retirement savers are going to like what they see with health savings accounts.

That’s because they are probably the most tax-beneficial account on the planet and, for those who have good health, good luck and the financial wherewithal to pay their health costs out of pocket while they work, a health savings account or HSA could be a stellar way to save for that huge health-care bill we’re all going to face in retirement.

You’ve seen the numbers, right? One estimate is that a 65-year-old couple retiring in 2016 will need $260,000, or about $13,000 per year for 20 years, according to Fidelity Investments data.

With an HSA, you contribute pre-tax money, like a 401(k) or other defined-contribution account. You invest the money, and it grows tax-free. The icing on the cake is that if you use the money for qualified medical expenses, you don’t owe any tax on that money at all. Ever.

“One of the major benefits of the HSA is the tax-deferred growth and tax-free distributions if proceeds are used for qualified medical expenses,” said Brent Ulreich, senior financial planner at Hefren-Tillotson Inc. in Pittsburgh, Penn. “Even after you leave employment, funds left in your HSA can be used to pay for medical expenses throughout retirement.”

But there are drawbacks. One major hitch is that to open an HSA, your health insurance plan must have a high deductible. In 2017, only health plans with a deductible of at least $1,300, for single people, or at least $2,600 for family coverage, qualify.

Given that only 37% of folks said they can afford to pay for a $1,000 emergency from their savings account (that’s from a 2016 Bankrate survey) the question is how many people are financially prepared to pay for the health expenses they face under a high-deductible plan?

High-deductible plans generally have lower premiums than traditional plans, but people who use such plans need to consistently stash the difference into an HSA. These accounts only benefit people who are disciplined about saving, or have enough monthly cash flow to cover their health costs.

Meanwhile, the long-term tax benefits of HSAs — letting that tax-free money grow tax-free — will only accrue to you if you don’t need to withdraw the money. That is, these plans are a huge boon to those who can afford to pay for medical expenses with cash on hand, letting the money in these accounts grow.

A study in 2006 by the U.S. Government Accountability Office (GAO) found that about 55% of the people who reported HSA contributions in 2004 didn’t withdraw any funds from their account that year. The study also found that HSA users had higher-than-average incomes, with 51% earning adjusted gross income of $75,000 or more, versus 18% of all taxpayers under age 65. “Many focus group participants reported using their HSA as a tax-advantaged savings vehicle, accumulating HSA funds for future use,” the study said. One focus group participant said he paid for an expensive surgery out of pocket, so he could save his HSA money for the future. (Granted, HSAs didn’t become available until 2004, so this report is an early indicator of HSA use.)

Moving toward high deductibles

The move seems to be toward such plans. Certainly, Trump’s health plan includes expanding access to HSAs and making such accounts inheritable.

Infographic: Saving for the future

See the long-term benefits of staying the course with retirement savings.

HSAs have long been favored by Republicans, in part because such plans are said to encourage smarter consumer behavior. Rather than almost all costs being covered by your insurer, you have those upfront costs to pay before the deductible kicks in. The thinking, at least in part, is that will encourage consumers to shop around. (Some studies suggest it encourages people to refrain from seeking care at all.)

But it turns out one aspect of the Democratic push toward Obamacare might also be encouraging employers to move toward high-deductible plans: the so-called Cadillac tax, which, if it goes into effect, will tax the value, over a specified amount, of the most generous health plans. That tax is slated to go into effect in 2020, though with the new Republican administration there seems to be a good chance it will be repealed. Under the Obama administration, employers were eyeing ways to avoid that tax by reducing the value of their plans, in part by shifting to high-deductible plans, according to a study by Richard L. Kaplan, a law professor at the University of Illinois.

Cadillac tax or not, companies in general want to lower their health costs. A growing number of U.S. workers are covered by a high-deductible health plan paired with an HSA: 19% of workers who have employer-sponsored health insurance have that type of coverage in 2016, up from 15% in 2015, according to the Kaiser Family Foundation.

Plan deductibles vary widely, but the average for workers who have a high-deductible plan combined with an HSA is higher even than the regulations call for: $2,295 for single workers and $4,364 for family coverage, according to the Kaiser Family Foundation.

Not all bad

High-deductible plans combined with HSAs do offer some consumer protections and benefits. For example:

  • People with high-deductible plans are legally protected in terms of their maximum out-of-pocket expense for deductibles and copays. In 2017, that maximum is $6,550 for individuals and $13,100 for family coverage in 2017.
  • Thanks to the Affordable Care Act, some preventive care—including some cancer screenings—are covered before that high deductible kicks in.
  • The money you save in your HSA can be accumulated over time, unlike a flexible savings account that requires you to spend the money down each year.
  • Your employer might offer matching contributions, like a 401(k).
  • If you manage to save the money for retirement (that is, you don’t need to use it for medical costs before you retire), HSA accounts don’t require distributions the way that traditional IRAs do at age 70-1/2. And Trump has suggested HSAs should be inheritable.

Not all good, either

There are also some serious drawbacks. Here’s one: If you use your HSA savings for non-qualified expenses before age 65, “you’ll owe an additional 20% penalty in addition to any taxes due,” Ulreich said.

Generally, qualified expenses for HSAs are the same as those for claiming the medical expense deduction. Some examples of nonqualified costs include “unnecessary” plastic surgery, swimming or dancing lessons even if recommended by a doctor, most insurance premiums, diaper service, hair transplants, and electrolysis. See IRS Publication 502 for the complete list and Publication 969 for general rules on HSAs.

A health savings account “should always be viewed first as a savings and accumulation vehicle for the inevitability of medical emergencies, but it does offer an opportunity for an additional retirement savings strategy,” he said.

Downsizing in retirement?

Before you pack up the boxes, consider these points from a retirement expert.

Another drawback is that the investment options in your HSA may be limited and more expensive than your 401(k). “I would say the investment options in general are not as good as what you’re going to see in a 401(k),” said Rob Austin, director of retirement research at consulting firm Aon Hewitt. “HSAs are a relatively new concept and don’t have the same assets under management,” he said.

As for allocating your perhaps limited paycheck to an HSA instead of your 401(k), be wary. In addition to cheaper and more robust investment options, your 401(k) may come with a better employer match. “Most people should probably look at [an HSA] as a complement to their 401(k) strategy if they’re looking at this as a long-term investment vehicle, and not so much as a replacement for it,” Austin said.

If you can swing it, do both, said Marina Edwards, senior retirement consultant at consulting firm Willis Towers Watson. “It could be a good strategy to save enough into your 401(k) to get the matching contributions and then allocate your additional leftover savings dollars to your HSA.”

Manage your money

With a high-deductible health plan, don’t set it and forget it. While the low premiums might be appealing, be sure to pay the difference (between those premiums and a typical health plan) into an HSA.

“The mindset when you’re going through open enrollment is, ‘Oh, this is a great deal. I’m going to pay less per paycheck,'” said Eric Dowley, head of Fidelity Investments’ HSA business. “Then they forget about it and then it’s, ‘Oh my gosh. I have to pay this.'”

Look at the difference in premiums between an HMO or PPO and a high-deductible plan. If you’re willing to pay $400 a pay period for the HMO but you’re paying $200 a pay period for the high-deductible plan, set that $200 monthly savings into a health-savings account, Dowley suggested.

If you’re lucky in health, or wealthy enough to cover your health expenses out of pocket, you can let the money grow in your account tax-free—awaiting your retirement. “To the extent that you can devote some money and set it aside for medical expenses that are going to take place in your golden years,” said Aon Hewitt’s Austin, “by all means go ahead and do that.”

But don’t embrace one of these plans at the cost of your health.

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FREE Senior Care Franchise Buyers Guide

Everything You Need To Know Before You Buy Learn the secrets of 30 year franchising veteran Lewis Trio

  • The Path to Riches: Which One Are You?
  • Benefits of Business Ownership
  • Benefits of Franchising
  • Pitfalls of Franchise Businesses
  • Buying a Senior Care Franchise
  • Franchise Funding Options
  • Franchise Vocabulary