The UK care industry is booming. Already a fast-growing area in the British economy, the events of the last year have only seen the demand for effective home care skyrocket. Businesses in this sector are currently experiencing extremely high demand and a boost in profits as a result of the pandemic.
While most of the UK’s economy is slowing down, this is one area that seems to be pandemic-proof.
Care franchises are taking full advantage of this opportunity to expand and deliver an even higher level of care to an even greater number of people. Long-standing care franchise Home Instead, for example, is currently doing exceptionally well and looking to grow further.
Care franchises are the perfect opportunity for the savvy business owner right now. Here’s everything you need to know…
The current demand for care
There is currently a very high demand for both care homes and care facilities across the country. This sudden boom has been fuelled, in part, by the UK’s rising number of elderly, coupled with an increase in the level of support that’s available for those who wouldn’t otherwise be able to cover the costs of their care.
Whether it’s domiciliary care facilities or offering home services, care is in high demand. Healthcare franchises and home services franchises which provide at-home care, are a very popular choice, as it allows patients to retain their independence while still benefiting from all the care they need.
Such an increase in the demand for care has naturally also led to a higher demand for the management and training of care staff, in particular those who are making home visits. As a result, there are a lot of opportunities for budding business owners and entrepreneurs looking for a new direction to create profitable and ethical businesses in the care services industry.
The benefits of care franchising
There’s a lot to be gained from care franchising. As well as the potential profits and high demand, the industry offers several other key advantages that make it a very tempting choice.
One of the biggest benefits of choosing the care industry is its highly rewarding nature. While there are many franchising sectors that can offer you the potential for profitability, there are few that do so while simultaneously allowing you to have such a positive impact on the lives of people who need it most.
Personally investing your time, expertise, and money into the creation of a service that will deliver much-needed value to your community, you’re helping the most vulnerable members of society.
The opportunity to manage your own team of carers, ensuring the provision of quality services that you can be truly proud of, is a definite perk. The ability to uphold the values of the brand while bringing to it your own personal spin and expertise is equally appealing.
While other services franchises give you the chance of a successful business, a care franchise comes with the added satisfaction of seeing how your hard work is improving the lives of others every single day.
Another huge bonus is the variety that comes with the nature of the work. While you would be offering care services to all, the specific needs of the individual can be very different. Working at home with a wide range of clients in their individual residences broadens this still further.
What you need to succeed in the industry
If you have a passion for the wellbeing, comfort, and health of other people, and you’re a driven, dedicated entrepreneur, you will thrive in the care industry. The nature of this particular profession requires exceptional people skills, so you will need to be great at communication, and some natural charisma and charm will help you out too.
Having a background in medicine or social care would also be advantageous, as this will help you to understand the challenges and needs faced by your patients, as well as the staff members caring for them.
There will be quite a bit of time spent dealing with families who are distressed and managing the people delivering frontline services. Empathy and patience will be your main tools, and an ability to remain calm in the face of pressure and the unexpected is a vital quality to possess.
Some managerial experience would also be ideal, as would business and organisational skills. At the end of the day, the most valuable asset you will possess will be the strategic vision to guide you, the determination to succeed, and the passion to drive that success in the direction you have foreseen.
Your franchise will offer training and support when you invest, so be sure to take full advantage of this. Spend some time looking at the various options available to you in terms of care and low cost franchises before making your decision