Comparing Elder Care Franchise Opportunities: Part 2
The U.S. population is aging at a rapid rate, with millions of Americans already providing some form of care for a loved one. With the demand for senior care poised to grow exponentially in the years to come, now is the ideal time to invest in an elder care franchise opportunity.
The elder care industry presents a unique opportunity to achieve professional success and personal fulfillment. Not only is this field lucrative and recession-resilient, but it also enables you to do meaningful work that benefits your community.
However, the specific elder care franchise opportunity you choose can have a direct impact on both your professional prospects and the level of satisfaction you feel.
Last month, we looked at how to evaluate elder care franchise opportunities by the numbers. In this piece, we’ll discuss more qualitative factors to consider as you make your choice.
Which Elder Care Franchise Opportunity is Right for You?
Looking at the numbers is a great way to distinguish among the most promising and profitable elder care franchises. However, these figures won’t shed light on the day-to-day realities of operating a specific franchise or working with a specific franchisor.
One of the greatest benefits of investing in an elder care franchise opportunity is the existing framework and support system. As you assess different franchises, you should consider the following:
- The type of support you’ll receive and when you’ll receive it
What kind of assistance will you receive at every stage of opening and running your franchise? What can you expect as you’re getting started and trying to attract clients?
- The nature of the network you’ll be joining
What relationship, if any, do the franchise owners have with one another? How engaged are they with the franchise as a whole? Is there a sense of community, or does each franchise owner keep to themselves and their business?
- The unique selling proposition of the franchise
What is it that sets this particularly elder care franchise apart from other options in this sector?
- The responsiveness of the franchisor
If you have questions or concerns about your franchise, how easy will it be to get the answers you need? Will you feel valued and listened to, or cast adrift?
- The satisfaction level of current franchise owners
In Part 1 of this blog, we mentioned the franchise ratings published by Franchise Business Review based on franchisee feedback. What are the sentiments behind these rankings? Why did current owners choose this franchise and how do they feel about that choice now?
Don’t be afraid to explore every option as you conduct your research. Read online reviews and news items. Request information from the franchise representatives. Reach out to current franchise owners or visit their locations to get a real sense of what they do.
Learn More about Franchise Opportunities with Visiting Angels
Visiting Angels is a nationally recognized senior care franchise with a robust network of dedicated and highly engaged franchise owners.
We offer ongoing support for our franchisees through training, annual conferences, marketing initiatives, one-on-one meetings with our Operations Directors, and more.
To find out more about our elder care franchise opportunities, request details online or call Visiting Angels today at 800-365-4189.