Character Traits of Successful Franchisees

While most anyone with the funds and ambition can find a franchisor willing to sign them on as a franchisee, owning a franchise is not necessarily right for everyone.  It’s important for prospective franchise owners to look inward and evaluate how they want to run a business.  Contrary to how some may envision franchises, they are not businesses-in-a-box.

It’s important to evaluate your needs when considering becoming a franchise owner—do you want a lot of free time?  Is spending time with your family a priority? Do you have the skill set required of a franchise owner?

“Franchise King” Joe Libava told Entrepreneur Magazine that modesty is in order when starting a franchise.  Even if a person has decades of experience in a high ranking position, Libava said, he or she must follow the rules of the franchise, regardless of their experience.  It’s important to remember why a franchise business was appealing in first place—avoiding mistakes and buying into a brand with a proven track record of success, for example.

One important consideration is whether you are okay with following someone else’s rules.  Rule-breakers and independent-minded folks will likely have difficulty in a franchise environment.  A franchisor worthy of your buy-in will already have a proven recipe for success, and the expectation will be that you follow that recipe.

Owning and operating a senior assistance services franchise requires an especially serious commitment, considering the level of care and responsibility involved.  If you have a true passion for helping others, your personality is compatible within the franchise model, and owning a business is your dream, franchising with Always Best Care may be right for you.

Always Best Care is a leader in non-medical in-home senior care in the United States. We have been rated among the best home care franchises in the United States.  Learn more about the services we provide and about becoming a franchisee on our website.

Learn More

Are you interested in learning more about what it takes to be successful as a senior care franchise owner during the aging-in-place boom? Always Best Care is here to help you navigate the industry as one of our franchise owners! Download our FREE franchising ebook today to learn more.

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Please refer to our most recent Franchise Disclosure Document for important details.

4 Top Advantages of an Always Best Care Franchise

Always Best Care FranchiseThere are tens of thousands of franchises to choose from in just about every industry. By narrowing your choice to the senior care market, you are one step closer to owning an Always Best Care franchise.

Always Best Care is one of North America’s fastest-growing providers of three essential services for the burgeoning senior population: non-medical in-home care, assisted living placement, and skilled home health care.

Why an Always Best Care Franchise?

What makes an Always Best Care franchise your best option for achieving your dreams? How is an Always Best Care franchise different from other similar franchise operations? Briefly, here are four reasons to put us on your “A” list right now.

1. Total Support for Quick Success
There is a ready market waiting for you. Every day, 10,000 Americans reach 65 years of age. As the owner of an Always Best Care franchise, you tap into a tremendous client base with huge growth potential. We’ll help with a powerful suite of support services, ranging from strategic planning and communications to mentoring, marketing, and team building.

2. A Great Business Model
We give you not one, not two, but three pathways to expand revenues and increase profit. These pathways respond to the most important and prevalent needs of our senior population. They are non-medical in-home care, skilled home healthcare, and locating assisted living facilities. By offering the complete continuum of care, you will make a huge difference in people’s lives while assuring your business success.

3. Room to Grow
Each Always Best Care franchise has a population base of approximately 200,000 people, allowing you plenty of room to grow. We also offer protected referral sources. Referrals are the bread-and-butter for home care services revenues. Those referrals come from a variety of sources, such as case managers, social workers, discharge planners, doctors, and existing clients. When you market to these sources – with our assistance and support, of course – it doesn’t matter whether they are inside or outside your defined territory because you are fully protected.

4. Amazingly Affordable Startup Cost
Let’s be honest: There’s a real investment that comes with opening a franchise. But the costs for becoming an Always Best Care franchise are extremely approachable compared to other senior care franchises. Your estimated initial investment is much lower than you would expect from a company with such a solid reputation and record of success as Always Best Care.

As the owner of an Always Best Care franchise, you’ll manage a small business with a big heart. You will be fulfilling an important need for senior citizens to age in place. In doing so, you will improve their lives and give peace of mind to families in your community.

Learn More

Are you interested in learning more about what it takes to be successful as a senior care franchise owner during the aging-in-place boom? Always Best Care is here to help you navigate the industry as one of our franchise owners! Download our FREE franchising ebook today to learn more.

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Please refer to our most recent Franchise Disclosure Document for important details.

Running a Successful Franchise Business

Buying into a franchise does not equal automatic success.  As many of us have experienced first-hand as consumers quality of service, efficiency and product quality can vary greatly from one franchise operation to the next.  Here we outline some of the key steps to running a successful franchise based on the advice of expert Joe Libava, dubbed the “Franchise King.”

First and foremost, have a plan and stick to it.  It’s easy to get caught up in the day-to-day operations of the business, and not follow the plans and protocols you’ve outlined for yourself.  But straying from the plan can lead to financial breakdown and customer dissatisfaction.

Don’t ignore the instructions and tools given to you by your franchisor. Those tools have had proven success and are there to ensure your success and the continued success of the brand. Many franchisors provide franchisees with tools for training, sales, marketing, tech support, and more. Take advantage of them!

Remember the golden rule: the customer is always right.  There’s no doubt that poor service will keep customers away, and as word spreads, deter new customers from patronizing your business. Make sure your employees are trained to provide excellent service at every level and are held accountable should they fail to do so.  Repeat customers are vital to the success of any business, and providing excellent service should be central to your strategy.  Offer incentives to draw repeat customers and make sure your customers know they are valued.

Network to give your business an edge.  Networking with other business professionals or joining your local chamber of commerce or small business group will likely lead to the exchange of ideas and information that could help propel your business forward.  Be sure to network with friends and family, as well—your biggest allies—to get the word out about your business.

Being proactive, diligent about excellent service and networking can all help you be a more successful franchise business owner.

Start Your Own Senior Care Business

Franchising with Always Best Care could be the opportunity you’ve been looking for to make a real difference in the lives of seniors. Always Best Care is recognized as a leader in the non-medical in-home senior care industry. To learn more about franchising with Always Best Care, visit our website.

Learn more about senior care franchising by downloading our FREE eBook today!

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Please refer to our most recent Franchise Disclosure Document for important details.

The Importance of a Solid Business Plan for Senior Care Franchisees

It’s a mistake to assume that becoming the operator of a senior care franchise means that business and strategic plans are not necessary. Although franchisees are generally required to follow a set of established business, operational and marketing standards and protocols, operating a business takes savvy and knowledge. Anyone who has ever experienced poor service and/or poor product quality at a franchised business knows that the name alone does not guarantee a positive experience.

Here are some key reasons to develop a solid business plan:

  1. A business plan will help you develop a solid financial strategy and help you convince lenders of the viability of your business.
  2. The process of writing a business plan will prompt you to plan, ask questions, and anticipate issues that you may not have considered initially.
  3. A business plan spells out your goals, as well as timelines for those goals.

Your business plan should include some key elements—a mission statement, a description of the business structure, market strategy and plan, information about the organizational and management structure, and financing information, among others.

A solid business plan communicates to lenders and franchisors that you are a serious contender and are prepared to run a successful franchise operation. Do your research and make sure franchising is right for you.

Those looking for opportunities to start one of the best home care franchises and serve the senior community should consider franchising with Always Best Care.

Learn more about senior care franchising and Learn more about the senior care franchising industry today by downloading our FREE eBook.

Learn more about senior care franchising by downloading our FREE eBook today!

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Please refer to our most recent Franchise Disclosure Document for important details.

Success Rate of a New Franchise Business vs an Independent Start Up

If you are considering starting your own business, you must decide if you want to start your own independent start-up business or invest in a franchise. Both types of businesses have qualities you will need to consider carefully when making this decision. Certainly with an independent start-up you are able to make all the decisions on how to run the business, but with a franchise you gain brand name recognition and supportive assistance. One of the main points you will need to look at is the success rate of both types of businesses. Below is a look at the success rate of starting a new franchise business vs starting an independent start-up business.

Success Rate of a New Franchise

A new franchise is associated with a main brand name company. The new franchise owner must purchase the rights to open their business from the main company. While start-up costs for a franchise may be less expensive than an independent business, franchise owners may incur added costs further down the road.

A study by the International Franchise Association (IFA) suggested that at many as 95 percent of new franchises were still in business after five years, and 91 percent after seven years.

As a way to further support IFA’a figures, FranNet completed another survey where it followed 1,260 new franchises from 2006 to 2010 to see what the success rate was. According to this survey, 91 percent of the new franchises were still in business after two years, and 85 percent of these franchises were still in business at the end of four years. Both studies show a very high success rate for new franchise owners.

Success Rate of an Independent Start-up

An independent start-up is a business that is built from the ground up and is not associated with any other brand name company. Typically, the start-up costs for these independent businesses are slightly higher and require the business owner to have an in-depth knowledge of how to manage and operate a business.

Statistics show the success rate for independent start-up are much lower than those for franchise companies. According to the US Bureau of Labor Statistics and the US Small Business Administration, 70 percent of independent start-ups are still in business after two years, and 50 percent of still in business after 5 years. This number drops to just over 30 percent for independent start-ups that last longer than 10 years, and 25 percent for those lasting more than 15 years.

The success rate for a new home care franchise seems to be much higher than those for an independent start-up business. This large difference may be because franchises offer a vast amount of supportive services to new business owners to help them start and operate their businesses, which many new start-up owners just do not have.

Learn more about senior care franchising and download our FREE senior care franchising E-book today!

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Please refer to our most recent Franchise Disclosure Document for important details.

10 Questions to Ask a Senior Care Franchisor before Buying In

Starting a business requires a huge commitment, and senior care franchises are no exception.  Despite a common misconception, a franchise is not a business-in-a-box, and requires a lot of hard work and dedication.  At the same time, the appeal of a franchise, for many, is that it has the advantage of an established brand and a business model with proven success.

Identifying a well-established franchise with a high degree of success is only your first step in determining which franchise is right for you.  The fact that other people have had success does not guarantee that you will be successful and, therefore, it is exceedingly important to ask the right questions before making a decision.  Here are some key questions to ask franchisors:

  1. How selective are you in choosing franchisees?  The way the franchisor answers this question could be very telling about whether the franchise has a sustainable growth model.  Franchisors willing to sign on just about anyone are interested in growth for growth’s sake, and this is a warning sign that the franchise is probably growing at an unsustainable rate.  Signing on unqualified franchisees can be disastrous for the entire franchise, not just a single branch.
  2. What kind of financial assistance do you offer to franchisees?  Many franchisors offer financing assistance, so be sure to inquire about how a franchisor may be able to help you in this regard.
  3. Do you provide ongoing training in the form of conferences, seminars, meetings, etc.?  Ongoing training, especially when included at no additional cost to you, can help ensure your success.
  4. Tell me about some of your most successful franchisees and the secrets to their success?
  5. What is the day-to-day business like for your franchise?  This will give you a sense of what you can expect as a franchise owner and can help you determine whether this particular franchise is right for you.
  6. Tell me about the overhead expenses I can expect with your franchise?  
  7. What problems do your franchisees most often run into?  This can give you valuable insight about what problems you’re most likely to run into, allowing you to plan in advance.
  8. What kind of insurance will I be required to carry with your franchise, and can you give me an idea of what it might cost?
  9. Do you offer exclusive territories?  If the franchisor doesn’t offer exclusive territories, rapid growth of the franchise means that you could be competing with other locations that pop up in close proximity to yours.

These are just some of the questions to ask during the consideration process. The more information you have, the better prepared you’ll be to make a smart, informed decision about which franchise is right for you.

About Always Best Care

Always Best Care is one of the nation’s leading providers of non-medical in-home care, assisted living placement services, and skilled home health care.  The company delivers its services through a national network of nearly 200 independently owned and operated senior care franchise territories throughout the USA. Always Best Care has been named one of the top franchises for minorities by the National Minority Franchising Initiative, and one of the top franchises for veterans, as featured in USA Today.

Want to learn more about the exciting and rewarding prospect of franchising in the senior care industry? Download our FREE eBook today!

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Please refer to our most recent Franchise Disclosure Document for important details.

San Antonio Home Care Business Market Growing

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According to the Federal Interagency Forum on Aging-Related Statistics, nearly 20 percent of Americans will be 65 or older by the year 2030. The populations of cities are aging, along with the statistics. San Antonio, TX counted ten percent of its population as being over 65 in the year 2010. As the large population of baby boomers ages, there are many opportunities to start your own senior care business. Senior care business opportunities are growing in San Antonio, and seniors there are looking (like seniors in other areas) to remain at home for as long as possible as they age. Family members and caregivers are anxious to conform to the wishes of their relatives, and many are looking for a senior home care business rather than a residential senior facility.

Even with the sluggish economy, the home care business is expected to grow 28 percent by the year 2020, adding more than 100,000 jobs during that time. This growth in the industry is becoming apparent in San Antonio, where the cost of senior care has steadily increased over the last five years. Between 2010 and 2011, when other industries saw reduction in earnings and jobs, home care businesses saw a 13% increase in job creation in the city of San Antonio. Franchise operators looking to start a home care business and who would be willing to re-locate should certainly consider San Antonio as a market for franchise operations. The industry is also expected to grow faster than the national average in other metropolitan areas in the state of Texas, as well.

Download our FREE eBook today to learn more about senior care franchising!

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Please refer to our most recent Franchise Disclosure Document for important details.

Avoid the Top Home Care Business Problems by Franchising

New home care franchise owners can face a number of problems when starting out. By choosing to start a home care franchise, you can avoid common mistakes and setbacks. One of the benefits of choosing to operate a home or assisted living franchise is that the support from the proven franchise system helps you avoid these pitfalls. Here are a few of the top problems new home care franchise owners can face:

Licensing

Jurisdictions in most states require an operating license for a home care agency. Requirements vary from place to place, but many jurisdictions require a detailed package with the license application, as well as a formal business plan, and description of policy. Franchisees often receive local support from an area director or area representative to help them navigate this process and get them up and running as quickly as possible.

Staffing

In a business involving home care or assisted living, your staff is your main asset. Identifying, recruiting, and hiring top-tier candidates can be a challenge. However, some home care franchises like Always Best Care can train you with a proven staffing system to help your business recruit and retain the kind of employees that you need to keep things running smoothly!

Client Development

Your key source of clients in the home care business will be referrals from other home care providers. Hospitals, insurance companies, social workers, long-term care facilities, and rehabilitation centers can all partner with a home business to provide care. Again, a proven franchise system usually includes a marketing plan and a system to help you build a network of referrers to help keep your client base strong.

Every day is filled with a new question or challenge, so having someone to turn to is the benefits of franchising.

Learn more about senior care franchising when you download your copy of our FREE eBook.

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Please refer to our most recent Franchise Disclosure Document for important details.

Why a Home Care Business is a Solid Investment

home care businessThere is no doubt about it. Home care businesses are in demand. The changing demographics of America’s population, along with evolving attitudes on health care in general, are assuring that a home care business will be able to turn a profit for years to come.

The Growing Demand for Home Care Businesses

Let’s face it. We are all getting older. But as the huge numbers of baby-boomers are officially becoming senior citizens, this means millions of people are reaching their golden years at the same time. In fact, it is estimated that 10,000 baby boomers will turn 65 every day through 2029! This presents a tremendous market and a bright future for home care businesses.

Right now there are about 7,000 companies involved in the home health sector of the economy, yet many communities remain under-served and can’t keep pace with the rising demand. When you own an Always Best Care franchise, one of America’s most respected home care businesses, you will be tapping into a huge market that promises an easy and fast return on your investment.

The Aging-in-Place Trend is Fueling Home Care Businesses

For years, the traditional approach to aging parents was to move them to nursing homes when their needs became too great to manage. Today, there is a decided trend toward aging in place. Whenever possible, when seniors need assistance but do not require hospitalization, they prefer to stay at home and their families prefer this, too.

An Always Best Care franchise can bring the full range of support services into the home. Whether recuperating from an illness, facing a disability, or suffering from lack of mobility, the elderly rely on Always Best Care for:

  • Health monitoring
  • Housekeeping assistance
  • Medication delivery
  • Assistance with personal hygiene
  • Help with basic daily living routines

The Dollars and Cents Make Sense for Home Care Businesses

The preference for in-home care is not just based on a desire for a better quality of life; in-home care can be considerably more affordable than living in a nursing home. The government often picks up most, if not all, of the tab for short-term home care, through programs such as Medicare and Medicaid.

That’s part of the reason why investing in home care businesses makes good financial sense. It can be a reasonably priced investment, particularly if you join a solid franchise leader such as Always Best Care. In fact, research shows that you can save tens of thousands of dollars in startup costs over opening an independent home care agency.

We will help you gear up with comprehensive training in our proven business model. When you open your doors with our management and marketing strategy in full swing, you will have a leg up on the competition. You will enjoy instant name recognition in your community, supported by our national reputation for quality delivery of the full range of home health services.

Home care businesses are forecast to be highly profitable and recession-resistant for years to come. Always Best Care will show you the way! Learn about us at 855-430-2273 or email [email protected].

Top Reasons Baby Boomers Are Retiring Later

Many Baby Boomers (those born between 1946 and 1964) are choosing to delay retirement and continue working—and not necessarily for financial reasons.   According to the US Bureau of Labor Statistics, the number of people age 65 and older in the workforce had increased from 12.9 percent in 2000 to 17.4 percent in 2010 and is expected to increase to 22.5 percent by the year 2020. Franchise with Always Best Care explores the reasons behind this increase in older workers.

Working Provides Rewards beyond Financial Compensation 

While it’s true that some Americans have not saved sufficiently and, therefore, must continue working into retirement, the reasons behind the trend of Boomers working beyond age 65 are varied.  Beyond financial necessity alone, older Americans are choosing to work longer for emotional and psychological reasons.

A study from the Sloan Center on Aging and Work found that 89 percent of older workers surveyed reported enjoying their work.  And in a sample of individuals ages 50 and over, the 2002 National Study of the Changing Workforce found that 91 percent of those surveyed said the work they do is meaningful to them.   Older folks continue working beyond retirement to reduce social isolation and increase their connection to the community.  Many people report that working helps give meaning to their lives, while others want to be able to use their knowledge and experience on the job.

Helping Baby Boomers in the Coming Years

Although many Baby Boomers are opting to delay retirement and continue working, this growing segment of the population will require assistance in the coming years and decades.  More folks are choosing to age in place, opting for home care rather than assisted living.  If helping seniors is your passion, contact Franchise with Always Best Care to learn more about starting a senior home care businesses with one of the top home care franchises in the nation.

Learn more about the senior care industry and franchising opportunities by downloading our FREE eBook today!

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Please refer to our most recent Franchise Disclosure Document for important details.