In an unpredictable economy, individuals may be considering new career trajectories that prioritize community, security, and personal satisfaction — which home care can provide. And the outlook? The global home care market size is expected to reach $195.8 Billion by 2028. This estimate is up from $150.8 Billion in 2022.
THE CHANGING LANDSCAPE
In the last two years, 28% of Americans reported that they were laid off. And in the business and professional services sector, over 2.12 million layoffs were recorded in 2022. Layoffs have significantly increased over the past years. The mental pressure faced by the employees due to the layoffs has also increased tremendously. It’s no wonder 48% of Americans were diagnosed to have layoff anxiety.
But what if there was a different option? What if you could apply your professional expertise, knowledge, and desire toward something more meaningful in an industry where demand is strong and stable? What if you could build a successful business of your own – with purpose and guidance? This is where your opportunity to join SYNERGY HomeCare comes in.
THE DEMAND IS STRONG
The home care business is an expanding industry and these services will always be essential and in demand. According to the AARP, 87% of adults aged 65 years old or older want to remain in their current home or community. The pandemic certainly played a role in the shift towards a focus on aging in place, but the makings of this trend have been in the works for years. Seniors with chronic conditions are often the best candidates for home care services. And the number of Americans with chronic conditions is projected to increase by 37 percent, between 2000 and 2030.
INVESTMENT IS LOWER
As far as franchise concepts go, home care franchises like SYNERGY HomeCare have a lower investment level since franchise owners do not need to invest in infrastructure. SYNERGY HomeCare has what it takes to meet the needs of our growing senior population and is backed by more than 20 years in the field, giving you the brand recognition for a more accessible opportunity.
TAKING THE LEAP
Michael Hyman, a former professional in corporate marketing with Fortune 500 companies, wanted to have a more meaningful stake in his financial future. Michael and his wife Kelly were interested in a business with a mission to fulfill their desire to do something rewarding and positive for their communities. Now, owners of a SYNERGY HomeCare in Sierra Vista – they make a difference every single day.
Going into an in-demand industry with a roadmap for success will feel safer and more appealing than building a model independently — and potentially even more so for those looking to make a career change. If you find joy in serving others, owning a senior care franchise may be the perfect entrepreneurial path for your future as a business owner.
OWN A SENIOR CARE FRANCHISE TODAY
At SYNERGY HomeCare, we are looking for compassionate and motivated franchise owners who are ready to take the reins on their future and invest in a meaningful business. If you want to learn more about the process of owning a senior care franchise with our team, schedule a call and we’ll help get you started on pursuing your entrepreneurial dreams. We’re waiting to hear from you!