![]() “ Your content is great and timely, as I’m refocusing career pursuits. Bottom line?įor over 20 years, I’ve been helping people make smart, informed decisions on franchises to buy, and I can help you, too! In addition, I help people learn all they can about franchising with my two ridiculously helpful books on how to buy and how to research money-making franchise opportunities. How?īy working with people 1:1 as a Franchise Ownership Advisor. I help prospective franchise owners avoid bank account emptying mistakes. Fill out the contact form below for more information on this unique Senior Care franchise concept.) ( Bill Shockley is co-owner of Ask-Carol Senior Living Guidance, based in New Jersey. Our seniors need all the help they can get. After all, you might be doing it for the next ten or twenty years!Īnd do consider senior care. So before you rush out to by a franchise because it makes a better cookie, or installs mufflers faster, or requires salesmanship that you never mastered, think about what kind of owner you want to be, then find a franchise in a growth industry that matches your personality. ![]() ![]() The majority of these agencies are owned and operated by women, though men can do well, too. It requires some empathy and organizational ability. This type of business is ideal for those who want to spend their time working directly with families. There is little paperwork other than invoicing the facility for a move-in, and some franchises take on that responsibility. Sometimes, as in home care, it is a husband-wife combination, but usually it is one person working alone, setting his or her own hours, usually working from home. Unlike home care, there are usually no employees or partners involved. Usually the facility makes a one-time payment to the referral agency, a commission basically. The referral agency is paid by them, not by the client. Instead they work with families to help them decide what type of care their elderly parents need and then place them with home care, assisted living, independent living, or skilled nursing. Referral agencies ( Ask-Carol is one) don’t provide direct care. Almost always an office or retail location is required. Much of it depends on how much responsibility you are willing to take on. This might be right up your alley –or it might not. And if the agency also deals with medical home care, there’s Medicaid and Medicare to consider. There are bills to be sent to clients, checks to be written to employees ( or an employment agency if the home care agency rents its staff). They require employees and nearly 24/7 management of those employees. Home care agencies are businesses that provide direct care to the elderly, usually in their home. I haven’t seen too much success in those businesses. There are a few others that help people move, auction off their possessions, and so on. There are two primary types of franchises in that market home care agencies and referral agencies. So let’s say you want to consider that market. Some estimates are that persons over 85, most of whom will need some care, will double in the next twenty years. We all know that Senior Care is a hot market and one that has been expanding rapidly due to the growing elderly population. Let’s look at an example that I have some expertise in. NOTE: You may need to check your spam folder and/or Gmail promotion folders for the link. Check your email to opt-in to quiz/newsletter.
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