| thinking about switching your career path? If so, you | | | | Getting into the Connecticut senior home care |
| might want to consider a path in the senior home | | | | business now represents a wise investment, |
| care business, through franchise ownership. Health | | | | especially when considering today’s recovering |
| care is the largest industry in the US, and senior | | | | economy. Brian Miller, COO and President of the |
| citizens represent the fastest growing segment | | | | Entrepreneur's Source, says "Today's recovering |
| within that industry. As America’s baby | | | | economy might be very well suited for franchisee |
| boomer generation grows older, the need for home | | | | growth. Miller says that franchise ownership at |
| health care has never been greater, especially since | | | | this stage in the economy has several benefits, "for |
| more and more elderly prefer to receive in-home | | | | one, you're not in business alone. Most franchise |
| care rather than hospitalization or admittance to a | | | | concepts have support systems in place and a |
| retirement community. A report by Franchise Direct | | | | network of other franchisees to reach out to and |
| announces that by the year 2020, there will be more | | | | learn from each other's experience. |
| than 62 million American retirees, many of which will | | | | Still not convinced? Consider this: Buying a senior care |
| require at-home assistance for their medical | | | | franchise business means buying a proven business |
| conditions. This phenomenon is known as the | | | | model. The risks are significantly minimized when it |
| graying of America, and represents an | | | | comes to the success of a franchise; you already |
| opportunistic and lucrative career path for those who | | | | know that the brand and the business idea works. As |
| wish to branch out into the elderly home care | | | | a franchise owner, you don’t have to risk the |
| business. Connecticut is one of the most thriving | | | | 62% failure rate of starting your own business from |
| environments for senior home care; according to the | | | | scratch. In fact, franchise ownership represents a |
| OLR Research Report, in 2005 the senior citizen | | | | 97% success rate within the first year of operation! |
| population in Connecticut was 13.7%, a unique | | | | Franchise ownership represents the American dream |
| demographic when compared to the 12.4% US | | | | of business ownership, but with the benefit of lower |
| domestic senior citizen population of the same year. | | | | risk of failure! Franchise ownership in |
| This figure is only going to get bigger in the span of | | | | Connecticut’s senior care market is the |
| the next 20 years, with a projected senior citizen | | | | perfect career path for entrepreneurs looking for an |
| population of 21.5% in the year 2030 in the State of | | | | alternative to the corporate world. |
| Connecticut! | | | | |