In-Home Senior Care Franchises Market
Senior Care Franchises market is the high revenue . In-home senior care requires very low initial investment and the earning opportunities are immense . Franchise owners are likely to earn more than independent providers improving the attractiveness of the In-Home Senior Care Franchises market .
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One of the biggest constraints in the In-Home Senior Care Franchises market is that of cost . In-home care facilities can cost anywhere from $ 3000 to $ 6000 a month . This makes it prohibitively expensive even for those families that are insured by insurance companies since they will almost certainly not cover the entire expense . The second challenge is a lack of trained professionals . It can be very difficult for in-home senior care franchises to find qualified nurses , staff or medical professionals to assist their patients . The demand for these individuals is anticipated to be much more than the supply in the years ahead . The third barrier to the growth of the In-Home Senior Care Franchises market is a lack of regulation in the industry . While it might be comforting to think of home health aides as certified professionals , the truth is that they have usually gone through a small training program for the company which hires them . There is no standardisation leading to great confusion about what these individuals are able and unable to do . One more challenge is the intense competition in the In-Home Senior Care Franchises market . This is a 24 / 7 , 365 days a year business which requires franchisees to always be ‘ on call ’. Incumbent companies may offer additional benefits for holding on to their clients , making it difficult for newcomers to the field .
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