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
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
Pay and burnout are common reasons social workers want to bow out of the industry. The median salary for a social worker in 2021 was about $50,000 per year, according to the U.S. Bureau of Labor Statistics. So, if you’re searching for jobs in social work that pay better, know that you’re not alone. It’s not … Read more
While you can’t control the economy, you can control what business you open. Recession-resistant franchises can thrive and adapt easier than other businesses during economic slumps. So, how do you find a franchise opportunity that is less volatile in a recession? Here are the signs you should look for that hint at a strong recession-resistant … Read more
From 2018 to 2060, the number of Americans aged 65 or older will double to 95 million. They will make up 23% of our population. So, it’s no wonder people are looking into the senior care services industry. According to a Franchise Business Review survey, the senior care services industry has the second-highest average pre-tax income … Read more
With over 54 million Americans 65 years old or older, it’s no wonder the senior care industry is booming. So, you’re interested in opening a senior care company but aren’t sure how to get clients for your non-medical home care business. Even just a small portion of that older population would make all the difference. Getting … Read more
Looking to start a profitable elderly care business? Read our list of the most profitable, untapped markets that you don’t want to miss out on. Read more here. Behind the Boom in Senior Care Business It’s no secret that the American population is aging. The Population Reference Bureau (PRB) finds that the number of Americans aged 65 or older … Read more