Senior Care Franchise Business In Connecticut

Are you thinking about switching your career path

? If so, you might want to consider a path in the senior home care business, through franchise ownership. Health care is the largest industry in the US, and senior citizens represent the fastest growing segment within that industry. As America"s baby boomer generation grows older, the need for home health care has never been greater, especially since more and more elderly prefer to receive in-home care rather than hospitalization or admittance to a retirement community. A report by Franchise Direct announces that by the year 2020, there will be more than 62 million American retirees, many of which will require at-home assistance for their medical conditions. This phenomenon is known as the "graying of America," and represents an opportunistic and lucrative career path for those who wish to branch out into the elderly home care business. Connecticut is one of the most thriving environments for senior home care; according to the OLR Research Report, in 2005 the senior citizen population in Connecticut was 13.7%, a unique demographic when compared to the 12.4% US domestic senior citizen population of the same year. This figure is only going to get bigger in the span of the next 20 years, with a projected senior citizen population of 21.5% in the year 2030 in the State of Connecticut!

Getting into the Connecticut senior home care business now represents a wise investment, especially when considering today"s recovering economy. Brian Miller, COO and President of the Entrepreneur's Source, says "Today's recovering economy might be very well suited for franchisee growth."Miller says that franchise ownership at this stage in the economy has several benefits, "for one, you're not in business alone. Most franchise concepts have support systems in place and a network of other franchisees to reach out to and learn from each other's experience."

Still not convinced? Consider this: Buying a senior care franchise business means buying a proven business model. The risks are significantly minimized when it comes to the success of a franchise; you already know that the brand and the business idea works. As a franchise owner, you don"t have to risk the 62% failure rate of starting your own business from scratch. In fact, franchise ownership represents a 97% success rate within the first year of operation!

Franchise ownership represents the American dream of business ownership, but with the benefit of lower risk of failure! Franchise ownership in Connecticut"s senior care market is the perfect career path for entrepreneurs looking for an alternative to the corporate world. With such an expanding market for senior care expected in the next 20 years, being a franchise owner in Connecticut"s senior home health care market has never been more advantageous!

by: Ken Beaudry

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