home care business - Senior Home Care Franchise

Five Great Reasons to Select Always Best Care

1) Territory protection with greater opportunity! What drives growth in the senior care industry are relationships with the many referral sources within each franchisee’s territory. The senior citizens receiving care, however, may live anywhere, not exclusively within the territory. As a result, Always Best Care franchises may serve customers both inside and outside of their defined territories, as they are not limited to serving clients only within a protected territory.

2) Additional revenue stream from assisted living finder and referral services! Always Best Care franchisees can drive revenue while building local credibility and visibility with all referral sources – even before obtaining a home care license. This added service provided by Always Best Care franchisees creates additional revenue from the same referral sources. Plus – it’s free to our clients; all fees are paid by assisted living communities. Importantly, many families who begin as home care referrals later decide to move into an assisted living community. A home care franchise built around only one or the other service only captures a limited share of market.

3) Expand the franchise to provide skilled home care when the time is right! Providing skilled nursing services to customers and developing the skilled revenue stream is a key competitive advantage to capture a greater share of market. At Always Best Care, we know this is a big step and we do not ask our franchisees to apply for skilled service licenses until they have achieved approximately $1million in annual billing from their non-skilled business. (This does not imply a guarantee that franchisees will attain specific sales volume.)

4) Local training and ongoing support – a big advantage for franchisees! Always Best Care provides a powerful combination of both national and local support. Training includes how to use sales performance metrics, marketing, national accounts, turnkey operating technology, system-wide benchmarking and third party customer satisfaction support. Local support comes from Area Representatives who provide ongoing strategic planning, mentoring, communications and business building expertise with a vested interest in the franchisees’ success. If no Area Representative is present in proximity to a franchisee’s territory, this function is fulfilled by representatives from the field support office.

5) Award-winning marketing and advertising! Over the past few years, Always Best Care has been honored with more awards for marketing and advertising excellence than any other senior care franchise system in the United States or Canada. With always Best Care’s exclusive ABC PR Journal, franchisees can launch and sustain a weekly mass email marketing campaign on a local level – week after week after week – with a unique combination of newsletters, email blasts, videos, feature articles and press releases, all at no cost to the franchisee!

For complete information on franchise opportunities at Always Best Care, call toll-free 1-855-430-CARE (2273), email [email protected], download a copy of our FREE franchising eBook today or visit www.FranchiseWithAlwaysBestCare.com.

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

Study Shows Canadians Prefer Aging at Home

There is great news for entrepreneurs living in Canada who may be interested in starting a home care business – A new national poll conducted by Nanos for the Canadian Nurses Associated has found that nearly 75% of all Canadians believe that it is important to spend time aging at home with the benefit of home-based care (SOURCE: Canadian Nurses Association).

According to CNA president Karima Velji, home care not only has positive effects for the health of Canada’s senior population, it also helps take pressure off of care facilities in the country, which are overcrowded. Much of this overcrowding is due to the fact that on any given day in Canada, 7,500 hospital beds are occupied by patients who are cleared for hospital discharge, but are not able to access the next level of care that they need.

This presents an incredible opportunity for hard-working, driven individuals looking to open a home care business in Canada. By providing home care through Always Best Care in your province, you will be making a positive impact on the senior community, as well as on Canada’s health system.

To learn more about Always Best Care and the opportunity to become a Franchisee in an industry in need of home care professionals, download your very own copy of our FREE franchising eBook today!

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

Small Home Care Market, Big Home Care Franchise Opportunity

Always Best Care franchise owners have found success across the United States, and most recently in Canada. While some franchisees choose to start their business in large markets, others opt to make an impact in smaller communities. In fact, some franchise owners prefer smaller markets over larger ones. So why do franchise owners in smaller markets enjoy as much success as those in larger, more populated cities?

Connection to Community – Always Best Care is a business that is very much community based, and as such our franchise owners can make an impact and enjoy success in smaller markets. This is especially true for those who grew up in a small community as they will already be well-connected, making it easy for their business to become a trusted resource in their community.

Low Cost Marketing – One of the most critical aspects of running a successful business is getting new customers. Because you live in a small community, you already have an established reputation and network within your community. Similarly, Always Best Care already has a recognized brand name in the senior care industry. When you combine the two you have a recipe for success starting from day 1 of opening your franchise.

Low Cost Recruiting – In order to successfully run an Always Best Care Franchise, you need to recruit the best senior caregivers for your clients. These employees won’t show up at your door – you will have to do some leg work to find the best caregivers for your business. Traditionally this is accomplished through recruiting efforts, such as placing ads online or in the paper. In smaller markets this task can be easier and more cost effective, as you may already know the best candidates for these extremely important positions, saving your time and money.

To begin the process of making an impact in your community, take a moment to read our FREE franchising eBook today to learn more about opportunities available with Always Best Care Senior Services.

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

An Opportunity for Long-Term Success in the Fastest Growing Industry in America

For entrepreneurs, now is a better time than ever to invest in a home care franchise. According to a 2012 Bureau of Statistics report, the home care industry is the fastest growing industry in the entire United States. What’s more, demand for in-home care services like those provided by Always Best Care will only increase, as the proportion of our population over the age of 90 is still widening.

In fact, between now and 2050 the percentage of seniors (65 and older) will continue to grow while all other segments will decline (Source: Pew Research Center). Because 10,000 Americans turn 65 every day, there is an enormous opportunity for high-energy men and women to have success operating a non-medical home care franchise.

We are proud to say that Always Best Care Franchise owners continue to be more successful every year. Between 2010 and 2013, growth in franchise revenues outpaced territory growth by far, to the tune of 590.7%.

Our franchise owner’s success is due in large part to the training that they receive. Always Best Care’s training is divided into modules that combine field and classroom settings. One-on-one coaching and web-based seminars are also provided, giving franchisees a well-rounded learning opportunity. Caregivers are fully screened, and are also given the opportunity to train non-medical home care skills, increasing the quality of the home care services that our franchise owners provide to the community.

If you are a driven, compassionate individual with a desire to make a difference in the community that you serve, download a FREE copy of our franchising eBook to learn more about franchising with Always Best Care. We’re dedicated to helping our franchise owners succeed…always.

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

Forbes: Senior Care Industry Top Ranked as Best Franchise Opportunity in 2014

Over the last 60 years, the landscape of the franchise world has grown and evolved to an incredible degree. From franchise organizations offering pressure-washing and lawn care to those offering tax return preparation and even dog walking, it’s safe to say that if you have a need, there’s a franchise nearby that can provide that service for you.

Of all the different franchise models, one in particular is growing at an exponential rate: the senior care franchise industry. There were only 13 home care franchise brands in the year 2000, and that number has grown to 56 in-home care companies in 2014 according to industry research firm FRANdata.

Entrepreneurial men and woman that own home care franchises are more successful than ever before, and especially so for those who own an Always Best Care franchise. Revenue for ABC franchise owners jumped from $9,557,240 in 2010 to $66,010,543 in 2013 (Source: 2009-2014 Franchise Disclosure Documents).

Because in-home care franchises like Always Best Care have a low overhead model, generate potentially high revenues, and provide services to a rapidly growing demographic, the home care franchise industry is a very popular one. Always Best Care, in particular, offers franchise owners the benefit of a powerful combination of corporate training and field representatives who are invested in franchise owner success, as well as award-winning marketing solutions to grow their business.

If you’re ready to make a difference in your community, download our FREE franchising eBook to learn why our training, marketing, and support have grown our franchisee revenue so dramatically.

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

Five Ways to Retain Your Best Home Care Franchise Employees

Seasoned business owners know that few things are more costly than employee turnover. From picking up where an employee left off, to recruitment, training and new hires, the costs add up quickly. The expense of losing and replacing a single employee can easily add up to a whopping $50,000 or more.

Holding on to your best employees such as the best caregivers of your home care franchise for as long as possible requires that you create a rewarding environment where employees feel their work and input are valued. It is critical to develop trust with your employees and understand their career goals—open communication is key in this regard.

Here are some ways to build trust and keep your best and brightest staff on board for years to come:

Offer Praise — Feeling appreciated is a fundamental human need. All of us need to feel that we are making a contribution to the world and are valued. Acknowledging and rewarding an employee for their contributions benefits not only the employee, but the company. Employees who feel valued are more productive and report higher rates of satisfaction with their jobs, which frequently translates to better employee morale, increased customer satisfaction, reduced absenteeism and higher employee retention.
Foster Autonomy –– Whenever possible, and especially in jobs that require high levels of creativity, give your employees a say in their work and involve them in decision-making. Few people appreciate being micro-managed. Try coaching, rather than managing employees, and offer feedback regularly.
Recognize Individual Strengths — Recognizing employees’ individual strengths, talents and expertise, and capitalizing on those things will help your business succeed and will improve employee satisfaction.
Offer Tangible Rewards — Tangible rewards do not necessarily need to be monetary. A dinner with the company’s president, closing the office early the day before a holiday, or granting an employee a personal day after finishing a grueling project can all go a long way.
Make Ongoing Training Available –– Most employees are eager to learn and grow. Cross-training, offsite workshops and other learning opportunities can help keep your employees sharp, and it lets them know they are valued members of the company.

Investing in your employees and instituting policies and programs that help them feel appreciated will likely pay off in the long run, in terms of increased productivity, high morale and low turnover—all boons to your bottom line.

Always Best Care is one of the leading senior care companies in the nation, with nearly 190 franchised territories nationwide. Learn about the growing senior care industry and about franchising with Always Best Care on our website, https://franchisewithalwaysbestcare.ca/

Learn more about senior care franchising and download our FREE eBook!

Please refer to our most recent Franchise Disclosure Document for important details https://paperswrite.org/

What is a Business Plan and Why Do You Need One?

Writing a business plan is one of the most productive ways to start a business. This written guide could serve as the backbone of your business and pave the road to success, whether you are opening a brand new start-up, opening a franchise, or expanding an existing business. Everyone that is involved in your business, whether as owners, executives, employees or investors, has a vested interest in the business plan as it is the guide to how business should start, grow, and proceed. Without a guide, any business can fall short on numerous fronts simply by getting off course. The guide serves as a roadmap that holds you accountable to your original plans in order to achieve your business goals.

What is a Business Plan?

Generally, a business plan is a list of facts, goals, and challenges that you need to keep in mind as you move forward. The most commonly touched upon topics include:

Mission or purpose of the business
Detailed description of the services provided
Specific responsibilities
Intended market
Forecasts for potential cash flow
Desired milestones

Every business’ plan will differ, but these topics should be touched upon in one form or another. Keep in mind, the plans you make only capture a snap shot of what business is like today. It is not set in stone, which means that it can be adapted as your business grows or changes in any way.

The Types of Business Plans

In most scenarios, there are only two types of business plans: formal and informal. Typically, an informal plan is solely for the owners’ purposes, while a formal plan might be printed out and shared with many others, including investors. In the case of a formal business plan, the following topics should be included:

Executive Summary – A summary of the business plan that will give the reader an idea of what is inside the plan without reading the entire document

Company Overview – The general purpose of the company, what it plans to provide for its customers and how you plan on achieving the goals
Description of Services – An in depth description of the services provided and what problem they will solve in the intended market.
Market Analysis – An analysis of the market, the current competition, how your company will stand apart and face the competition
Team Information – A description of each team member, what role they plan in the company, including board members and founders
Financial Plan – This should include all financial details of the business, including the profit and loss, balance sheet, historical financial information, and forecasted financial information
Review Schedule – This holds the company accountable for regular review of the initial plan as business plans are meant to change with the times

Why a Home Care Business Needs a Business Plan

Just like any other business, a home care business needs a business plan. The written guide that you create gives your business a path to follow, goals to achieve, and guidelines to adhere to. The right plan also helps you to determine what type of help you will need, including:

Financial assistance from investors

Skilled employees in the healthcare industry
Marketing assistance

The business plan will also lay out all of the important details that you need to figure out, including any licensing rules that are particular to your state, how you plan to obtain needed financing, where you will find your staff, how you will train them, and what your competitors in the area do to succeed.

Starting a Home Care Franchise

A business plan is crucial for businesses in any phase, but it is essential for the start-up home healthcare business. As you get things going, numerous questions are going to come up and need answers. When you have those answers all in one place, well thought out, researched, and ready to implement, the entire process will go smoother. A few of the topics that need to be addressed when first starting a senior care business include:

Attorney fees

Licensing fees
Insurance Needs
Employee Needs
Workmen’s Comp Issues
Office space/rental needs
Office equipment needs
Office supply needs
Cash required for startup
Total existing capital
Initial liabilities
Potential investors

Final Thoughts

The business plan for a home care business can be formal or informal, as long as all of the details are covered and the document is kept safe and reviewed on a consistent basis. Any business that wants to succeed, whether as a franchise or brand new start-up, needs a place to start, and a business plan is meant to serve as a guide. It keeps you connected to the ideas that you had when you first decided to start your own business.

To begin making a difference in your community, download our FREE eBook to learn why Always Best Care’s training, marketing, and support have grown our franchisee revenue so dramatically.

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

Raising Business Start-Up Capital through Crowd Funding

Most of us are familiar with the traditional methods of obtaining funding to start a business—personal savings, angel investors, bank loans, even friends and family. Today a popular new means of helping people fund projects and start new businesses has emerged: crowd funding.

What Is Crowd Funding and How Does It Work?

Crowd funding brings donors/investors together with people seeking funding for their project or senior care business. This can include filmmakers, musicians, and business start-ups, as well as established businesses and people fundraising for social and political causes, among others.

The two main models of crowd funding are donation-based funding and investment-based funding. Let’s further break these down into specific kinds of funding.

Donation-based –– In donation-based funding, the donor doesn’t receive anything in return for their contribution, but simply contributes because they believe in the project or venture.

Reward-based –– Also known as “perk-based” funding, in reward-based funding the donor receives some type of reward, often a copy of the product they donated to help create, or sometimes a discount for services.

Lending or debt-based –– In this model investors lend money with the expectation of future repayment with interest. This type of crowd funding may be more likely to attract funders since it generates a return for the investor.

Equity investment –– Until the JOBS Act was passed, this type of crowd funding wasn’t possible, due to SEC regulations. With this model, funders receive an ownership interest or a portion of the profits from their investment.

Royalty-based –– Once the project or venture is generating capital, this type of funding gives investors a percentage of that revenue.

Crowd funding and lending have exploded in recent years, and will likely increase in popularity. While crowd funding can present a viable means of obtaining needed start-up capital, it’s important to read the fine print carefully and understand the fee structures, which can typically be found in the FAQs section of crowd funding websites.

Always Best Care has over 200 senior care facilities nationwide and has established itself as one of the best home care franchises in the nation.

If you’re ready to make a difference in your community, download your FREE copy of our senior franchising eBook to learn why Always Best Care’s training, marketing, and support have grown our franchisee revenue so dramatically.

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

Caregivers Need Care, Too

The American Association of Retired Persons (AARP) reports that over 69 million individuals in America provide care for an aged, chronically ill or disabled family member or friend during any given year. Family caregivers spend an average of 20 hours per week caring for their loved one, and the typical caregiver is a woman in middle age caring for a widowed parent—the AARP reports that 66 percent of family caregivers are women¹. Senior home care business owners know the demands of caregiving and offer help to family and friends caring for loved ones.

The Economics of Caregiving

Caregiving can be not only physically and emotionally challenging but surprisingly expensive as well. Nearly half of working caregivers report that caregiving has caused them to exhaust all or most of their savings, and the caregivers over age 50 spend an average of $5,531 per year on out-of-pocket expenses².

Impacts on Personal Health

Unfortunately, a significant number of caregivers who have cared for loved ones for five years or more report fair or poor health. And the effects can be lasting, especially when providing care for someone with Alzheimer’s or dementia. Many informal caregivers (e.g. family members who provide unpaid care for a loved one) have a tendency to put all of their energy into caring for others while neglecting themselves. But neglecting personal needs is detrimental to both the caregiver and the person being cared for. A person cannot adequately care for someone else long-term while neglecting their own needs.

This is where an in-home care assistant such as the highly trained aides at Always Best Care can be of great help. Home caregivers assist seniors with everyday tasks like bathing, dressing, cooking, shopping and bookkeeping. By freeing up time for family caregivers, in-home care professionals ultimately help ensure that time spent between family caregivers and their loved ones is quality time.

Always Best Care’s training, marketing and support have grown our franchisee’s revenue dramatically.download your copy of our FREE senior care franchising eBook to see how, and begin making a difference in your community today.

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

Franchise with Always Best Care

Always Best Care offers franchise opportunities throughout the United States, plus Canada, Germany, Australia and the United Kingdom. Always Best Care has been synonymous with the highest standards of service since 1996, when founder Mike Newman realized the need for exceptional, trusted professional care for senior citizens. Now you can deliver the same high quality of services to people in your community by opening an Always Best Care franchise.

The number of senior citizens is growing at a robust pace. Each day, 10,000 Americans celebrate their 65th birthday. This means an Always Best Care franchisee can expect an ever-growing marketplace as more men and women reach retirement age.
A handful of these individuals need medical care; many more could benefit from non-medical home care, such as help with grooming or moving around the house. The non-medical home sector is enjoying an upward trend as these seniors and their families realize the benefits of non-medical home care.

As an Always Best Care franchise owner, you will benefit from three different revenue streams: Assisted living finder services, non-medical in-home care, and skilled home health care. This three-pronged approach to revenue allows you to increase your bottom-line in more than one way.

Learn more about senior care franchising and download a copy of our FREE senior care franchising eBook today!

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