As baby boomers begin to enter their elder years, the demand for senior care services continues to expand. In fact, according to the U.S. Bureau of Labor Statistics, healthcare support is one of the fastest-growing industries in the nation, with 34.5 percent growth increase predicted by 2020. Right at Home continues to meet and exceed … Read More
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Three Tips for Reviewing a Franchisor’s Financial Statements
Within every Franchise Disclosure Document (FDD), franchisors are required to include the previous three years of financial statements. Within the financial statements, there is a story. Even if you do not consider yourself a financial guru, you need to read these documents, and consider having your accountant review them as well. Not only will these … Read More
Owning a Business is a Path, Not a Destination
By: Eric Little, Vice President of Franchise Development for Right at Home Too often, prospective business owners view owning a business as a destination instead of a path. They say their goal is to own a business, and for some perhaps that’s true. But for most, owning a business simply represents the path that will … Read More
Five Mistakes to Avoid when Selecting a Territory
By Eric Little, Chief Development Officer at Right at Home Similar to choosing a home for your family, a decision like selecting a territory for your Right at Home franchise can cause emotions to run high. After all, the territory you choose is the place you put your stake in the ground and venture into … Read More
Five Facts about Franchise Agreements
Let me paint a picture for you. You’ve been thinking about owning a business for quite some time. You’ve engaged with a franchisor, maybe even Right at Home, and you’ve gotten really excited about the business after talking with representatives at the corporate office, as well as the franchisees. You’re thinking you might actually take … Read More
Recruiting, Training, and Retaining Caregivers: The Right (at Home) Way
Because caregivers are at the frontline of any senior homecare business, Right at Home has created a fine-tuned system for recruiting, training and retaining the best caregivers. With over two decades of experience in the industry and over 15,000 caregivers hired since our inception, we have been able to create a comprehensive system to manage … Read More
THE RIGHT VALIDATION MINDSET; SETTING YOUR OWN EXPECTATIONS
As you probably know, the process of becoming a Right at Home franchise owner has several important steps. Toward the end of that process you will validate that the business model works by talking with current Right at Home franchisees, which I wrote about in a previous post on the Validation Checklist. When leading … Read More
Financing your Business with your 401(k)
Due to the current lending environment, there are many challenges in securing financing when attempting to open your own business. Banks are more hesitant to lend and the entire loan process can be a long and frustrating experience. Despite the tough financial environment, Right at Home has continued to build momentum year after year, while … Read More
Why Senior Care Franchises Work
Health care franchises have seen strong growth over the last few years with the need for home care services increasing as the baby boomers scrambled to find care for their parents. With the oldest boomers beginning to turn 65 themselves in 2011, there is a tremendous population that will begin to need these services, which … Read More
The Business of Senior Care
According to a 2010 US census brief, seniors are now the largest age group in the United States, and their numbers continue to grow each year. As such, the need for services provided by the senior care industry is booming, and will continue to grow as the population continues to age and life-expectancy rates increase. … Read More