Franchise Spotlight: Care
An elderly population and the rising demand for care means this is an industry offering many diverse franchise opportunities.
Statistics show that the revenue of the healthcare industry was worth over CA$5billion in 2017 and is a figure which looks set for continued growth (Statistics Canada). The healthcare sector refers to care and nursing services provided to clients in their own homes. Most businesses in this industry focus on the care of elderly patients but there are also franchise options available of those interested in supporting people with disabilities. The aim of the services is to improve the quality of life for clients - whether that is through delivering medicine, supporting in the home, moving and handling clients or by providing social and emotional support.
The franchises Qualicare and Nurse Next Door Home Care Services both operate in-home healthcare for people of different ages and needs. A governmental report has predicted that there will be over 9million seniors living in Canada by 2030, making up 23% of the population. With this rising ageing population comes the need for healthcare companies. Franchisees who are passionate about providing excellent care and are people-focused have a range of franchise options available to them.
Care Industry Analysis
The care sector is a growing market and one which demands high levels of passion and dedication from future franchisees. Any medical or health care experience will certainly be beneficial for those entering this sector but it is not necessarily required. Lots of franchises will provide full and comprehensive training for those new to the industry.
Franchisees will need to be hardworking and excellent at building relationships. This is an industry where there is certainly room for growth. Franchisees who are interested in running a team of healthcare practitioners will need the drive and heart to manage a team of professionals, as well as having entrepreneurial skills and good sales skills. Healthcare is rarely a 9-5 job and client care must be at the fore. For franchisees who are keen to make a difference, the care sector is well-franchised and is an industry that is only likely to grow.