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9 Things to Consider Before Investing in a Franchise

9 Things to Consider Before Investing in a Franchise

Gavin Densmore • January 20, 2021

Part of the screening process when we sell an At Home Eldercare franchise is making sure you are set up for success in the Senior Care industry. Here are 9 things that might help decide.

#1 – Do you have the right personality? Are you a creative type, or are you the person that gets things done. Starting each day by tackling your list of tasks is one major key to success.

#2 – Have you done your research? One good place to start is this resource guide from the Federal Trade Commission. Know what you are getting into.

#3 Do you know your strengths and weaknesses? If you love numbers but hate selling, then you might need to reconsider owning a franchise. But if you have the skills necessary to run a senior care business, our support after the sale can help you maximize your knowledge.

#4 Do you have enough money? You will need more than just the funds to purchase the franchise, you will also need operating capital, and the means to pay living expenses. Fortunately you can reach profitability quickly with an At Home Eldercare franchise.

#5 Have you talked to any of the franchisees? There is no better teacher than experience. We would be happy to connect you with our franchise owners. We encourage them to talk honestly about their time with At Home Eldercare.

#6 Did you read all the documents? Take the time to read every word in any paperwork the franchisor provides for you. At Home Eldercare prides itself on a complete lack of “gotchas” in our agreements.

#7 Do you need professional help? At the very least, consider talking to a lawyer. If you can already handle the accounting, you might not need to hire someone to handle the bookkeeping. But talking to a legal professional can help give you some peace of mind before signing on the dotted line.

#8 Do you have an idea what the business entails? While we don’t require extensive healthcare experience to own an AHE franchise, you should have some knowledge of what it involves.

#9 Did you take the time to consider the pros and cons? Divide a piece of paper down the middle, then write the positives on one side and the negatives on the other. Putting this in writing can help you decide if it’s the right opportunity for you.

Buying the right franchise is more than just writing a check and signing the papers. We can help you answer these questions as part of the process. With At Home Eldercare, service begins before the sale even happens.

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