Franchise ownership is growing steadily in the United States. In fact, the franchise industry is expected to continue to increase at almost 2% in 2017, as it did in 2016. Personal services, including senior care, have the highest projected growth rate of all franchise types at 2.3%. So you know that franchising is a viable business choice, but is it right for you?
Motivation & Dedication
You may think you need to have owned a business before, but prior business ownership is not necessary when becoming a franchise owner. Anyone with the drive and motivation can do it. People from different backgrounds can be successful entrepreneurs.
Franchises are designed for one of two different types of individuals. The first type is someone who has previously owned a business and knows what it takes to run a profitable company. The other candidate is a successful business-oriented person who wants to be in control of his or her life.
These people value structure and stability over risk and are deeply committed to their work and families. Both types of candidates are attracted to the idea of a successful franchise to minimize the possibility of failure and increase the odds of succeeding in a new business.
Ready to Follow a Plan
Most people think franchising and entrepreneurship are one in the same and that you need to be an entrepreneur to start a franchise. Although both business concepts share many aspects, they also have significant differences. There are substantial advantages to a franchise business that are unavailable to the entrepreneur.
Franchise ownership lets you be in charge of the day-to-day running of the business, but without having to figure it all out on your own. The franchisor offers extensive training, guidance on how to run your business, and a proven business track record. Entrepreneurs must jump through all of these hoops on their own, with no help and no idea if their business will prosper.
These perks come at a cost to the franchisee, but the business plan, ongoing support, and history of company success allow you the opportunity to run a prosperous business and learn from the best. The only thing you need to do to succeed is follow the business plan laid out by your franchise company.
Tony Gaskin said, "If you don't build your dreams, someone will hire you to help build theirs." If you are ready to plan for your future and you think you may be the perfect person to run a Caring Senior Service Franchise, contact us, and we can explain the process and answer any questions you may have. Caring is an excellent franchise system with a qualified leadership team who will make it their priority to help your business thrive and succeed.