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.

ebook
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.

ebook
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!

ebook

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!

ebook

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

8 Traits of Successful Senior Care Franchise Owners

Franchise ownership gives entrepreneurs the chance to flex their muscles with their own businesses, but with the training, support and name recognition that comes with partnering with an established brand. The senior care industry is becoming increasingly popular among new franchise owners because of its potential in the coming years — the “Baby Boomer” generation is hitting retirement age and its members prefer to age in place. The demand for excellent in home senior care will only rise in the coming years, making franchise ownership in this sector incredibly attractive. However, operating a senior care business takes inspired leadership and some important traits.

If you’re curious about getting into senior care, but you’re unsure if you possess the right qualities, read on to learn about the 8 traits of successful senior care franchise owners!

#1 — Confidence

When you own a senior care franchise, you’re running a business, and it takes a strong belief in yourself to ensure that your business succeeds. You also need to have confidence in your ability to serve the community by providing excellent senior care.

#2 — Ingenuity

As a business owner, you need to be able to generate the kinds of ideas that will make people take notice of what you’re doing. However, you have to be able to be innovative within an existing structure, which brings us to…

#3 — You Can Follow the System

Franchise ownership gives you the freedom to use your ingenuity, but it also supplies you with a system that increases the likelihood of success — if you follow it!

#4 — Passion

As a senior care franchise owner, you’ll be working directly with people who are facing challenges in their lives. If you’re not passionate about helping seniors and their families in your community, you won’t be able to inspire confidence in them about your ability to provide the best care.

#5 — You Are a “People Person”

Your senior care business isn’t a widget factory that churns out products; it’s a collection of individuals who provide outstanding care and support for human beings in your community, and you are responsible for providing leadership and inspiration.

#6 — Trust

Area Representatives and National Directors are there because they’ve proven their ability to serve your community in a way that also benefits the business as a whole. You have to be willing to listen to those experts and trust that following their advice is always in your best interest.

#7 — You Can Delegate

Franchise owners who surround themselves with good, hard-working people are more likely to succeed. But they have to be willing to delegate tasks to those people. Learning to delegate effectively is one of the most difficult things for business owners to do, but it’s absolutely essential in the pursuit of business goals.

#8 — The Belief that In Home Senior Care Makes a Real Difference

Owning a senior care franchise isn’t just about providing an additional option to seniors and their families; it’s about providing a resource that really helps people in your community. It’s about recognizing the needs and wants of today’s (and tomorrow’s) seniors, and doing the work necessary to turn those desires and values into reality.

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

ebook

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!

ebook

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

Should You Start a Franchise or Independent Business?

Starting a business can be a difficult yet rewarding endeavor. Many hopeful entrepreneurs head to the bank with a business plan to help find finances to fund their business. After finding financing, it’s up to the entrepreneur to make the business successful. Unfortunately, not all businesses stay open after a few years. Many businesses close their doors after five to ten years.

If you’re thinking of opening your own business, you most certainly want a plan for success. One way to increase the likelihood of your success is to open a franchise rather than an independent start-up. Franchises are considered more stable of an investment and usually have more success in the long run. When you open a franchise, you are immediately associated with an already successful name, making new customers and clients more likely to give you their business. Let’s look at all of the reasons why you should open a senior care franchise business over an independent start-up.

Learn more about the successes of owning a franchise

ebook

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!

ebook

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.

ebook

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

3 Ways Your Senior Care Franchise Can Make A Difference in Your Area

3 Ways Your Senior Care Franchise Can Make A Difference in Your AreaWhen you are awarded your own senior care franchise, you are faced with a set of tremendous opportunities. For you, as a business owner, it’s a chance to realize the dreams you’ve always had to make a living with you as your own boss on your own terms. But franchise ownership in the senior care industry also represents an opportunity to make a difference and have a positive impact on your local community. Seniors deserve lives of dignity and agency, but they can’t do it all on their own, which is why every community pulls together to provide resources and assistance. As a provider of in-home care, you blend your business in with the fabric of your local area as yet another valuable resource.

Following are some of the ways you can make a difference in your community, not only for seniors who can benefit from the services you provide, but their families, friends and neighbors.

Get Involved!

This may seem like an obvious first step to connecting with the senior community, but ask yourself how much you’ve really done to become familiar with senior issues in your area. Like many senior care franchise owners, you bring your own experiences from your family and personal life, but have you tapped into the issues that affect older individuals in your specific region?

Seek out opportunities to engage with seniors and their families, attend community events that are of interest to retired folks and take the time to learn about the issues and developments that affect the community — especially when they concern the people who have lived there the longest. Join local groups on Facebook, and make sure your voice is heard as one that’s an advocate for seniors and their needs. Be sure to show your face in the real world and don’t be shy to tout the benefits of in-home senior care services!

3 Ways Your Senior Care Franchise Can Make A Difference in Your AreaGet to Know the People in Your Care

You are the person at the head of your franchise, which means that you have to wear many hats.

One of those hats is worn by the person who got into senior care because they want the best for seniors who wish to live happy, healthy and independent lives.

Your caregivers will work with seniors on a day-to-day basis, but it’s helpful for you to be able to know who your clients are, personally. Check in with your clients on a regular basis, and be sure to keep a running dialogue with their families so you can be “in the loop” when it comes to changes with their stories and situations. This is one of the key ways for you to show that you’re more than just a business owner — you’re also a local leader who cares!

Give Back

Your business has a mission that surely aligns with the visions set forth by local nonprofits and other organizations. You can support these organizations with your time, money and energy, which will show the community that you’re passionate about the same causes they care about.

You can also consider sponsoring community events and institutions, with a keen eye toward those events that are of particular interest to seniors.

Learn More

Are you interested in learning more about the opportunities that are available as a senior care franchise owner! Consider a franchise with Always Best Care!

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

ebook