The need and desire to age in place is a primary driver of the in-home care industry. Always Best Care takes it even further by providing a “continuum of care.” Unlike most other senior care companies who offer only a single service,
Always Best Care provides everything from a simple daily telephone reassurance program to compassionate in-home care, to more comprehensive skilled home health care and assistance in exploring and finding the right senior living options. Our continuum of care means Always Best Care franchisees have a series of revenue streams that all flow from the same referral sources.
“Wherever you see a successful business, someone once made a courageous decision.”
~ Peter Drucker
The details behind franchising may be foreign to most people. Here are excerpts from a short article to provide a little background for you. Source: 10 Things I Know About Franchising, By Ken Picard pecial to the Worcester Business Journal (03/05/12)
10. IT’S NOT JUST ABOUT FOOD.
Franchising is more than burgers, pizza and sandwiches. There are thousands of franchise opportunities in dozens of other industries, including business services, child care and home improvement.
9. THERE’S A LOT OF IT.
Franchising is a significant part of the U.S. economy. There are more than 5,000 companies that operate on franchise models, representing more than $1.6 trillion of sales and 9.9 million jobs.
8. YOU CAN WORK FROM HOME.
Many successful franchise opportunities can be operated out of a home office, allowing for flexible, family-friendly schedules.
7. NO EXPERIENCE REQUIRED
Most companies don’t require industry experience. The company will provide extensive training and support and surround you with industry experts.
6. YOU DON’T HAVE TO BE RICH.
Franchise ownership may be cheaper than you think. There are hundreds of proven opportunities with affordable investment levels of less than $50,000. And companies can work with you to obtain the capital to start your business.
Source: 10 Things I Know About Franchising, By Ken Picard pecial to the Worcester Business Journal (03/05/12)
5. BRAND RECOGNITION CAN HELP.
Consumers are more likely to buy products and services from a well-known brand. Franchises develop a consistent, proven customer experience, and spend millions creating trusted, well-known brands.
4. IT’S REGULATED.
The Federal Trade Commission requires companies to provide disclosure documents to potential franchisees. It provides detailed information about the company, the required investment and the agreement.
3. SALES AND MARKETING HELP
Companies will help you obtain customers. Most include extensive national and local advertising programs to generate brand awareness and new customers.
2. BUILDING YOUR EMPIRE
More than half of U.S. franchise owners own more than one unit or territory.
1. REINVENTING YOURSELF
Franchising is an ideal way to reinvent your career and think creatively about your future. You don’t have to keep doing what you’ve always done.
Our fire-and-heart blog for aspiring entrepreneurs just hit a milestone – its one-year anniversary. This made me think back on how we arrived at the decision to buy a franchise and what we’ve learned and experienced as business owners along the way.
Our journey began by meeting with a franchise consultant to learn about the variety of franchise opportunities that existed. Mention franchising to most folks and they immediately think of burgers, pizza, and sandwich shops. However there are thousands of franchise opportunities in dozens of industries, including business services, tutoring, cell phone repair, and home improvement.
The franchise consultant explained how he would work to match us with the franchise concepts that best fit our goals, skills, and personal values. He shared how his brokerage screened and vetted franchise companies to represent only the top quality franchises in their industry. Lastly, he advised that he would guide us through the entire process with regular coaching sessions to help us get the answers we needed from the franchisors to arrive at a final decision. And best of all his coaching services were free because he’d receive payment from the franchisor if we decided to buy.
We emerged confident that the process would produce a successful outcome. After all, even if we realized franchising wasn’t a good fit for us or the timing wasn’t right – at least we would have turned over that rock and discovered what lay beneath. That consultation launched an intensive 4-month process and a wild ride that involved doing due diligence on 3 franchisors, selling and buying homes, setting up a new company, and moving cross-country to open our business.
Good news is that many franchisors offer a structured and flexible discovery process that allows you to proceed at your own pace. In our case, we were at a point in our personal and professional lives that we were eager for a major life change plus, we were convinced that we could effectively manage it all at once. Still, we would never have covered so much ground in such a short period without the benefit of guided discovery by a franchising expert.