A scalable business is one that can perform well under an increased or expanding workload. This means it can easily grow without being hampered by its structure or resources (manpower, materials, etc.) when demand increases.
What Does it Mean for a Business to be Scalable?
“Too much business is never a bad thing” is a phrase we’ve all heard before, but is it true? If your business isn’t scalable, too much demand can actually be a bad thing. Take, for example, a small business that becomes an overnight sensation. Suddenly, their orders jump from five-a-day to 500. There’s a good chance this two-person operation won’t be able to meet their clients’ demands — a.k.a. the business is not scalable.
The Increased Demand for Home Care Services
When compared to other generations, Baby Boomers have a sizeable presence in the population. In 2016, there were an unprecedented 74 million Boomers living in the United States, making them the largest living adult generation.
With nine out of 10 Americans over the age of 65 wishing to stay at home for as long as possible, the demand for home care services has never been greater.
How Home Helpers® Maintains its Scalability
In general, home care is a service that will always be needed. But Home Helpers® has taken significant steps to ensure our (and your) business is always able to adapt to increased demand.
- Private services have higher profit margins - Because private home care services have a higher profit margin, you’re able to develop a strong financial foundation should you need more capital in the future.
- Direct Link® technology is an additional revenue stream - Not only does our Direct Link® monitoring services provide peace of mind to our clients and families through 24/7 monitoring, but it also acts as an additional revenue stream. Because clients don’t need to have in-home care in order to purchase this proprietary monitoring services, we can provide franchise owners with an even greater revenue opportunity.
- Add skilled home care medical services - If you have the proper licensing, we also allow you to offer more personalized forms of home care medical services.
- Ability to expand to additional territories - We strongly encourage our franchise owners to consider multi-unit ownership after building their foundation with their first territory.
Become a part of our successful franchise! Reach out to our team today at (808) 670-1072.
