Supply and demand economics are often cited as reasons people become invested in a particular business. Currently, the home care industry is the number one job creator, with demand expected to continue increasing as the baby boomer generation retires.
More people are preferring to stay at home.
This includes elderly men and women who might struggle with basic care, disabled adults who either need to rely on a home care aide or family, but would prefer the former to the latter, or even those individuals, regardless of age, who may be facing a potentially lengthy recovery following an accident or other medical emergency.
Because people prefer to remain at home, where they feel most comfortable, the demand for home care services continues to increase. But, is that the best reason to consider owning a home care franchise?
It’s a good reason, but it certainly shouldn’t be the only one. If that is the driving motivator for somebody to own a home care franchise (that demand for these services is high), that simply may not be enough. Below are three reasons why right now may very well be the perfect time to own a home care franchise.
Reason #1: Yes, it is the number one job creator.
You certainly need clients to have a successful business, and the home care industry is the number one job creator in the country. That doesn’t happen if an industry is beginning to contract or even “hold steady.” Adding more jobs is a good indicator that this sector is showing strong signs of continued and expected future growth.
Reason #2: That baby boomer generation is retiring.
That means millions upon millions of Americans are now over the age of 65 and more will be taking their place in this age demographic within the next 10 to 15 years. The older people are, the more likely they’ll face some type of health issue or physical limitations that will require assistance.
That’s where home care services truly comes into play. A person looking to own a home care franchise should have a serious, driving compassion to help those individuals in need.
Reason #3: As hospitals fight readmission rates, they are relying on home care agencies more often.
The federal government has been placing increased pressure on hospitals across the country to reduce their readmission rates and this has led to growing relationships between these organizations and home care agencies. That means there is even more opportunity for diligent, experienced, and determined business leaders to take a home care franchise and make it excel.
If you have questions about franchise opportunities with Golden Heart Senior Care Franchise, please contact our office at 1-800-601-2792, or check out our form at https://goldenheartfranchise.com/apply-now/.