Tomorrow’s economy might take a downturn–the signs of a recession show with layoffs, stock market instability, and inflation. Even so, aspiring entrepreneurs should see this as an opportunity to attain their business ownership goals and positively impact their community. With 40% of adults over the age of 65 needing daily assistance and an aging baby boomer population, the home care industry is projected to grow for years to come. Let’s look at three compelling factors that make a home care business resilient against tough economic times.
Consistent Demand and Revenue Stream
Home Helpers® Home Care offers peace of mind to seniors’ families by providing exceptional in-home care, and we can help people of all ages with various conditions. As our society experiences a massive demographic shift, there is a continuous demand for care– providing seniors with the flexibility and independence to live at home as long as safely possible. According to a 2019 report by the Population Reference Bureau (PRB), the number of Americans aged 65 and older is predicted to nearly double from 52 million to 95 million by 2060!
No matter if the stock market fizzles or eggs cost $20, there will always be a strong demand for home care, and we have all the tools you need to join our successful franchise network. Our 25 years of experience have brought challenges that spawned innovation, and we share this gained knowledge with our franchisees.
A Proven Record
According to Entrepreneur Magazine, franchises have a higher success rate than independent businesses, partially because of a proven business model. With 24 months of dedicated onboarding support and continued coaching beyond, we prepare you to launch your Home Helpers Home Care franchise successfully. Our world-class training and guidance are priceless for any entrepreneur, regardless of their experience level.
We provide training webinars, annual conferences, regional meetings, performance coaching, and ongoing support groups of franchisees from across the country. If you’re going to start a business, especially in a recession, working with a proven model and established systems is the optimum way to do it.
A Lower Cost Startup
Considering all the different opportunities in various franchise sectors, it is apparent that a Home Helpers® Home Care franchise is a phenomenal low-cost franchise opportunity. With the ability to begin your business from home in many cities across the country, you can spend more time focusing on building and scaling your business without the stress of mounting financial costs as you launch your business.
We’re With You Every Step of the Way
The benefits of franchising with Home Helpers® Home Care are numerous, certainly more than listed here! You can lean on our world-class support and training from a team of experts ready to navigate the ups and downs of building and running a successful home care franchise–even during a recession.
What is the best part of your franchise? You’re genuinely doing good things for vulnerable people and their families in your community. The sense of purpose you get while making your entrepreneurial dreams come true can become your reality. Contact us today. We look forward to talking with you.