Starting in a franchise for home care amidst the COVID-19 pandemic is a risky move. But with Assisting Hands by your side, you don’t have to worry about your investment. According to Dennis Begosa National Bureau of Economic Research study, more than 100,000 small businesses and startups in the United States have permanently shut down since the coronavirus outbreak. Most of these small American businesses had to discontinue due to mandated closures.
But not all businesses were affected. Health homecare businesses considered “essential” continued to operate and received fruitful rewards, both in terms of profit and creating a difference in people’s lives.
Home healthcare businesses, in all states, keep most of America’s elderly population comfortable, safe, and supplied, and even during the coronavirus outbreak. Despite the risks, workers continue to serve the communities and keep the world turning.
Starting a new business in any industry amidst the COVID-19 pandemic may appear to be a bad decision. After all, thousands of businesses are already struggling with uncertain futures during these unprecedented times. So, should you start a home healthcare agency franchise? The answer is yes.
Home care business is essential. With corporate support, top-tier training, and a trusted brand name, you can climb the stairs to success.
Here Dennis Begos shares how to optimize your health homecare franchise startup amidst the pandemic.
Identify Markets Where Your Business May Thrive
Thorough research in fertile markets saves you from investing more in advertisements, or worse, sinking your business altogether. Most of the American population is going grey, and by 2030, one in every five Americans will be over 65 years of age. They will look for a franchise for home healthcare, like yours, to peacefully age, with complete support. There are plenty of places around the country, with large populations of seniors that need home care franchises all over.
Consider Training and Hiring Practices
Home healthcare is a trust-based business. For this reason, it’s crucial to invest in caretaker training and hiring practices since the beginning. Client dissatisfaction and negative reviews could bring a business down in no time, especially at places vulnerable to word-to-mouth advertising. With professions, all owners and staff receive training that meets the standards. The agencies also provide expanded business models, including home healthcare, personal care, skilled nursing, temporary staffing, and medical equipment.
Downsize the Start-up Cost
Cutting down the start-up investment is the best way to achieve a breakeven point. It isn’t easy to spend less during the pre-opening phase, as it can be a little problematic. According to Dennis Begos, Instead of starting up a home healthcare e franchise on your own, consider connecting with a company that offers more affordable solutions. Besides saving on multidisciplinary training, you stay clear of costly errors that most start-ups make during the initial period.
The need and demand for home healthcare will continue to rise with the country’s aging population. With professional experts and their business models combined with marketing support, you can optimize your home care franchise startup and consistently grow your business.