Millennials-individuals born between 19-are the largest living generation in the United States, according to Pew Research. The SarahCare franchise allows entrepreneurs to become part of an expanding industry while restoring a sense of dignity and vibrancy to the lives of older adults. Programs such as SarahCare centers are highly affordable for its clients, costing around $17,900 a year. offers a franchising opportunity that meets the two criteria for a successful and socially responsible business: a booming demographic market with great potential for growth, and excellent elder care. Based on the concept of day care services for children, Sarah Adult Day Services, Inc.
23īut the best deal yet may be adult day services, one of the fastest-growing franchises and “still one of the best-kept secrets around” according to Entrepreneur magazine. These services make it possible for the elderly to remain in the familiar comfort of their own homes for a longer period of time. Home Instead Senior Care provides meal preparation, companionship, light housekeeping, medication reminders, incidental transportation, and errands. Elder quality of life is enhanced by Home Instead Senior Care’s part-time, full-time, and around-the-clock services, designed for people who are capable of managing their physical needs but require some assistance and supervision. Compared with the annual cost for a nursing home placement ($72,000–$92,000), home care at around $45,000–$60,000 a year is somewhat more affordable.
Home Instead Senior Care provides a meaningful solution for the elderly who prefer to remain at home. And as the world’s population continues to age, the need for its unique services will continue to increase. Founded in 1994, Home Instead Senior Care is recognized as one of the world’s fastest growing franchise companies in the eldercare market, with a network of over 1,000 independently owned and operated franchises in 12 countries. 22Īnother area of boomer-driven franchise growth is eldercare. And according to the IHRSA, 52.9 million Americans belong to a health club-up from 39.4 million 10 years ago-so there are plenty of consumers feeding this growing trend. In just the past year, this category in Entrepreneur’s Franchise 500 has grown to over 50 franchisors. With their interest in staying fit, Boomers are contributing to the growth of fitness and weight-loss franchises. Boomers have transformed every life stage they’ve touched so far, and their demographic weight means that business opportunities are created wherever they go. Every day, 10,000 boomers are turning 65, and the trend is likely to continue until 2030.
This unprecedented demographic phenomenon-in 2006 the first of 78 million members of the baby boomer generation turned 60-is driving the ongoing battle to stay young, slim, and healthy. We all hear and read a great deal about the “graying of America,” which refers to the “baby boomer” generation heading toward retirement age. “Baby Boomers” and “Millennials” Drive Franchise Trends When reviewing options for starting or organizing a business or choosing a career path, consider the following trends. Many social, demographic, and economic factors affect how businesses organize. What current trends will affect the business organizations of the future?Īs we learned earlier, an awareness of trends in the business environment is critical to business success.
0 kommentar(er)
