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.

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.

5 Tips to Start Thinking Like an Effective Entrepreneur

5 Tips to Start Thinking Like an Effective EntrepreneurBecoming an effective franchise owner requires an investment of money, time and hard work. Another key piece to the puzzle of franchise ownership is developing the proper mindset. When you own and operate a senior care franchise, you need to be able to keep your mind on your goals, even when you’re being pulled in countless different directions.

If you are interested in franchise ownership within the senior care sector, but you’re not sure if you have the right mindset to be effective, here are five terrific tips to help you get your mind on track!

#1 — Always Be Seeking Opportunities

For many franchise owners, there is a specific time and place for seeking opportunities, whether it’s during networking events or on days set aside for online research and interactions. But to make an impact with a franchise, it’s necessary to develop the ability and mindset to seek opportunity at all times.

For example, let’s say you’re getting your morning coffee and you overhear a group of people talking about senior issues in the corner of the coffee shop. Your instinct might be to get your morning Joe and head out the door, but the entrepreneurial mindset would direct you over to their table where you could introduce yourself and let the party know that you are also involved with senior issues. Chances are, you’ll make an impact and a few connections!

#2 — Become Comfortable with Risk

Your instincts might tell you that an opportunity is just too risky to pursue. While your instinct might be right, it’s good to challenge it. Ask yourself whether the opportunity truly is too risky, or whether your instincts are guiding you out of fear. You aren’t going to operate effectively without taking some risks, so getting comfortable here is key.

5 Tips to Start Thinking Like an Effective Entrepreneur#3 — Become More Flexible

As a busy person with a tight schedule and a lot of hats to wear, a rigidly organized day may seem like the best way to keep everything in your life and work in balance. But you can’t always plan everything and expect the world to cooperate every step of the way. Challenges will arise, emergencies will need to be dealt with and your day can turn upside down in a second.

The more flexible you can be, the more able you will be to weather those challenges and changes. You can keep your structure, but learning to be more flexible within it will give you an edge.

#4 — Take the Initiative

Many franchise owners come from industries where they were given orders, or had to wait to be told what to do. Franchise ownership requires you to follow direction from the corporate level, but you also have to be willing and able to take action on your own, when needed. Meeting your challenges head on can be frightening, but with practice, you can develop a mindset that makes it easy!

#5 — Keep One Eye on the Future

Operating in the here and now is crucial for your franchise, but you also have to be able to see what’s just around the corner. Keep one eye on the moment in front of you, but be sure to keep the other on the future so you can plan effectively.

Are you interested in learning more about what it takes to be 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.

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The Ways Baby Boomers Are Changing the Face of Senior Care

3 Ways Baby Boomers Are Changing the Face of Senior Care

When Baby Boomers speak, their voices are heard loud and clear thanks to their sheer numbers and the influence they still hold over society. And these days, individuals from this special generation are talking more and more about how they think their senior years ought to be spent.

It’s no surprise to learn that the Baby Boomer generation has some different ideas about senior care than the generations that came before.

Let’s take a look at three of the big ways in which Baby Boomers are changing the senior care industry.

Greater Numbers and Longer Lives

The Baby Boomer generation counts about 80 million people as its members, and about 8,000 of them are reaching retirement age every day. The senior care systems that have been in place for decades are simply not designed to meet the needs of so many people retiring at the same time.  This puts a great strain on existing modes of care, such as skilled nursing facilities and other types of support services.

Baby Boomers are also living longer lives than those of previous generations: people born at the tail end of the Baby Boom generation (1964) are expected to live about six years longer than those who were born in the earlier parts of the 1900’s.  Advances in technology, fitness and medicine are increasing longevity.  Baby Boomers want to take advantage of it, making previous senior care institutions somewhat obsolete.

A Greater Desire for Freedom

The Baby Boomers made a name for themselves by questioning previously held standards of how life should be lived. Over the years, they have established new ways of thinking in our world, and 3 Ways Baby Boomers Are Changing the Face of Senior Carethey are taking that sense of change and improvement into their retirement years, as well.

Baby Boomers just don’t see themselves the same way that previous generations have when reaching retirement age. They have little interest in sedentary retirement.  Many have recollections of the limited options their parents had years ago, and they prefer to stay at home for as long as possible, where they can feel free to live their lives as they see fit.

Providing In-Home Senior Care for Baby Boomers

Senior care franchise owners are leading the way when it comes to providing the types of care that Baby Boomers want.  As a senior care franchise owner, you can operate a business that is designed to offer the balance modern seniors seek between a life of freedom but with a level of care that ensures continued health and safety.  If you are wondering how you can accommodate the needs of the aging population in your community and are ready to go into business for yourself, senior care franchise ownership could be the perfect solution!

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.

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Senior Care Franchise Ownership — A Strong Business Model for the Future

Senior Care Franchise Ownership -- A Strong Business Model for the FutureFranchise ownership is terrific avenue for people who want to take their skills and experience into a different realm of business. Senior care franchise ownership, in particular, gets a lot of press because the industry is growing so much, but you may be wondering — is it a strong business model for the future?

Obviously, we are biased on the subject, but there are some undeniable facts that show that in-home senior care franchise ownership is a fantastic sector to enter for people like you who want to steer their ship into a solid, satisfying and potentially lucrative future.

What Do You See in Your Future?

Not every opportunity is a great fit for everyone. Senior care franchise ownership represents a fantastic business option for people from all walks of life, but it’s not everyone’s cup of tea. However, we would advise you not to be so quick to dismiss it if it doesn’t immediately stand out in your mind as a possible future.

The first step in deciding what you will do with your professional life is to envision what you want it to look like. Like most individuals who have dreamed of a better, more independent professional future, you’ve surely spent some time picturing yourself in the ideal scenario.

  • Do you see yourself working closely with others?
  • Can you picture yourself networking with key people in your community
  • Does your vision include work that helps people in your area?
  • Do you envision a professional life that includes built-in organizational support and structure?
  • Are you picturing a business that takes the needs of others into account?

If you answered “yes” to the questions above, senior care franchise ownership could be a great fit for your future!

Franchise Ownership and the Future

Senior care franchise ownership is getting a lot of press today, but you might be concerned about its future. Sure, today’s seniors have expressed a strong desire to live out their retirement years at home, but what about subsequent generations? Is owning a senior care franchise a solid option for a strong business future?

The fact of the matter is that there will always be seniors — and there will always be a need for senior care. And the way our society is moving, it’s easy to see that the current trend of seniors staying at home will continue. People like having options, and now that seniors know that they can stay at home where they are comfortable, it’s unlikely that future generations will revert back to the costly nursing home model that dominated in the past.

The numbers don’t lie, either:

  • There are currently about 46 million Americans aged 65 or older
  • By 2060, that number will more than double to nearly 98 million
  • The senior segment of the population is growing faster than any other
  • The demand for elder care alternatives will likely continue to rise, largely thanks to the increase in the number of cases of Alzheimer’s Disease and other forms of dementia

(Source: PRB.org Aging Fact Sheet)

Senior Care Franchise Ownership -- A Strong Business Model for the FutureWhat About Your Future?

If you have a vision for your future that involves a rewarding professional life in a solid, growing industry, you owe it to yourself to consider your own senior care franchise. The industry is growing rapidly with no signs of slowing down, and those who get on board today with their businesses will be well equipped to take advantage of tremendous opportunity here in the future.

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

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Connecting With Your Community — The Key to Running Your Franchise Effectively

Being a presence in your community is a crucial component to operating an in-home senior care franchise.  After all, people will be much more attracted to the services you offer if you can demonstrate that your business is — as we like to say — a resource for the community.  You can become a resource by developing your skill set and putting yourself out there as a leader in senior care.

Following are just a few of the ways in which you can ensure that people look at your franchise as more than just a local business.

Find Your Niche and Show Why You’re the Expert

What is it about senior care that attracted you to the business?

You probably have a personal interest in senior care, or maybe you have expertise in a certain aspect of senior living.  Perhaps you’re passionate about changing the face of senior care to accommodate the Baby Boomer generation.  Or, you witnessed a relative struggle with the hard choices associated with staying at home, or entering a nursing facility.

Whatever your specific area of interest in regard to senior care, you can use it to help build your business.

How?

Carefully and steadily build your knowledge base through training, community involvement, Certified Senior Advisor certification, or any other method that helps build your competence.  Partner with local thought leaders in an area of interest to you (Alzheimer’s, Diabetes, Cancer Research, …)  Consider becoming a SHIP (Medicare) Counselor.

Connect with local organizations and community leaders and see if there are opportunities available to give talks or lead workshops for audiences interested in your area of expertise.  Doing this shows people that you’re not just a local business owner; you’re a passionate expert who is in business to truly help people and provide resources for those in the community who need them.

You can also leverage your specific expertise by writing informative blog posts, podcasting or arranging for interviews with local media.  The more your voice is heard by people in your area, the more likely they are to think of you when the time comes to make decisions about senior care.

Make Sure the Rest of the Senior Care Community Knows Your Name!How to Hire the Best for Your Senior Care Franchise

Always Best Care franchise owner Susan Oderwald talked about this during our recent interview with her, and it’s something that can help you make a name for yourself — and your business: Network, network and network some more!  Make a point to meet with key individuals in the greater senior care community, including hospice care providers elder-law attorneys, skilled care providers and others.  Expand your sphere of contacts.  These people can become amazing referral sources for you, but you’ve got to do the work to ensure that your name is always on the tips of their tongues.

When you can start showing up to community meetings knowing everyone’s name, you can be sure that you’ve made a name for yourself, helping your business immeasurably.

Follow the System

You’ve got to work hard on your own to make it as a senior care franchise owner, but you’ve also got to be able to trust the proven system that’s in place to help you grow.  Area Representatives and National Directors from your franchise’s support office want you to do your best, and they will give you all the necessary tools and strategies. It’s what sets franchise ownership apart from other types of business opportunities, and it’s what’s going to give you the edge you need to make an amazing impact 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 and refer to our most recent Franchise Disclosure Document for important details.

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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.

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

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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.