7,000 people a day turn 65 and people over 85 represent the fastest growing population segment – and the wealthiest. AARP research shows that 90% of people want to grow old in their home and community. The need for home healthcare is growing rapidly right along with the senior population. An increasing number of families are confronted with thechallenge of finding a quality care solution each and every day.
Here are 6 Reasons to start a Home Healthcare Franchise1. Favorable Aging Demographics2. Make a Difference3. Senior Care and Homecare Industry - A Booming Market4. From an investment perspective5. Not Affected by Recession6. Skill Requirements
1 Favorable Aging Demographics For the first time in history, people age 65 and over will outnumber children under age five. This trend is emerging around the globe. Today, almost 500 million people are age 65 and over, accounting for over eight percent of the world’s population. By 2040, the numbers of people 65 years and older is projected to increase by 160percent while people 80 years and older is projected to increase by 233 percent.
According to entrepreneur.com “Seniors are theworlds fastest-growing population, making services aimed at them-in-home care, financial planning, reading material and so on-a strong bet for success.”As the world ages at unprecedented rates, there is anever-increasing need for quality home healthcare and medical staffing.
21 Make a Difference With a home healthcare and medical staffing franchise, you will make more possible - for the families, their loved ones and healthcare facilities you care for. This is one of the few businesses where you can feel great about and know that you will have an immediate and profound effect on many different people.You will make a difference not only in the lives of others, but also your own! You will be able to give back and become a positive influence in your community.
3 Senior Care and Homecare Industry - A Booming MarketThe future of homecare industry is very bright as the largest and fastest growing market segment in the U.S belongs to the seniors.These segments of the market tend to have greater than average healthcare needs and are growing faster than the total population, increasing the demand for home health services and all types of senior care.
The home health care services industry hasexperienced sales growth of 11.2% over the pastyear, making it the fastest growing industry in the U.S., according to Sageworks, a financial analysis company.The demand for these services will continue to expand in the coming future.
4 From an investment perspectiveAccording to a special report conducted by Franchise Business Review.“From an investment perspective owning and operating a successful senior care franchise can be very fulfilling emotionally and financially.“
5 Not Affected by Recession By 2012, in the U.S., there will be over 40 million people over the age of 65. People over 85 representthe fastest growing population segment – and studies indicate that 75% of the wealth in the U.S. is controlled by senior citizens. Considering this fact, there will always be a growing demand for quality care. The senior healthcare care industry is one of the fewbusinesses that is not affected by recession and provides lots of opportunities.
6 Skill RequirementsMedical expertise is not essential in order to start ahealth care and medical franchise. Good leadershipskills and qualities with strong management and/or marketing sales backgrounds is a prerequisite.What is absolutely necessary is a passion to succeed. You need to be compassionate and caring.
With a home care franchise opportunity, you willbuild a business that will help people keep parentsand grandparents in the comfort and familiarity of their own homes. The demographics are right; the business model is sound; all that’s missing is you!
BrightStar is the first senior home care franchisingcompany to specialize in both medical, non-medical homecare and medical staffing.BrightStar Care consists of 170+ franchises that provide homecare to anyone who needs it, from children to seniors, and medical staffing solutions to individuals, families and organizations nationwide.
What Makes BrightStar a Great Healthcare Franchise Opportunity?