Franchises focused on seniors provide essential services to an aging population while also providing a rewarding business opportunity for entrepreneurs who want to make a difference in their communities. Choosing to invest in one of the fastest-growing franchises is a profitable move. See why senior care franchises are among the top booming franchise industries. Growing … Read more
Senior care franchises can be profitable, but it depends on a few factors. Look at the qualities the most profitable senior care franchises have. Rising Need for Senior Care Franchises The senior care industry is rising as the number of older adults in our country grows. According to the U.S. Census Bureau, by 2034, seniors … Read more
Learn everything you need to know about franchise royalty fees and where the money goes. Depending on the franchise, sometimes franchise royalty fees can be negotiable. What Are Franchise Royalty Fees? Simply put, they’re a percentage of your revenue that you pay to the franchisor in exchange for the right to use their brand name, … Read more
Planning to start a non-medical home care business? Learn the steps here and see what it takes to open up your own non-medical home care business here. Non-Medical vs. Medical Home Care Before learning how to start a non-medical home care business, let’s understand how it differs from in-home medical services. Medical home care is … Read more
The global senior living market is projected to grow by $91.37 billion over the next five years, according to Technavio. This isn’t a surprise, as the U.S. Department of Health and Human Services says 10,000 people turn 65 every day. The senior living industry has shifted after the pandemic. Demand for nursing homes has fallen … Read more
Behind the Shortage The senior population is rapidly growing, with 10,000 Americans turning 65 daily. Many of them will eventually need assistance even with daily living activities such as laundry or grocery shopping, let alone those that need medical help. The country has struggled to meet the caregiver demand since the onset of the COVID-19 pandemic, … Read more
A successful business doesn’t rely solely on a single marketing method. Instead, they incorporate online and offline avenues to bring in new clients. Learn how to get more home care leads with these effective home care marketing ideas as part of your offline and online marketing strategy. 1. Digital Marketing This marketing idea incorporates several … Read more
Starting or owning a non-medical home care business is a lucrative opportunity with massive growth potential. Learn what makes it profitable here. What’s the Average Income for a Home Care Agency? In 2021, Franchise Business Review found that senior care was the top franchise industry for income, outranking real estate, medical, personal, and business services. In addition, … Read more
Deciding between a BrightStar Care franchise opportunity or another franchise, like A Place At Home, in the home care industry? We don’t blame you, as 10,000 people turn 65 every day. So, let us help you compare two franchises in this growing senior home care industry. Side-By-Side Comparison While many of BrightStar Care’s services overlap with … Read more
According to Forbes, 90% of all startups fail. As for those in the healthcare and social assistance field, only about 57% make it past five years. Meanwhile, in the medical technology sector, upwards of 75% of U.S.-based, early-stage medtech companies never find success, according to TTi Health Research & Economics. Learn the top reasons why healthcare startups fail so … Read more