![]() Seniors may want to start small and gradually scale up. Additionally, assess the potential for growth and expansion. ![]() Determine if the franchise allows for flexible hours, part-time options or seasonal operations. Seniors should consider the lifestyle implications of the franchise they choose. Related: Considering franchise ownership? Get started now and take this quiz to find your personalized list of franchises that match your lifestyle, interests and budget. Strong franchise support will help you navigate the challenges of business ownership, ensuring a smoother transition into the role of the franchisee. Some franchises provide mentorship and networking opportunities not only for all their franchisees, but also specifically for seniors. Research the franchise's support structure, including initial training, ongoing assistance and marketing support. Ensure the franchise provides ample support and training.įor seniors embarking on a new business venture, support and training are essential. It's also important to assess the franchise's financial performance, including revenue potential, profit margins and return on investment.įranchising is a significant monetary commitment that may involve taking out loans, so be sure to understand the full picture before committing prematurely - and of course, seek professional advice when necessary. Review the franchise's initial investment costs, ongoing fees and royalties. You should carefully evaluate the financial commitment required for the franchise you're considering. An established and reputable franchise can provide seniors with the needed support and resources for a successful business venture. Look online for customer reviews, speak with existing franchisees and seek professional advice. Check the franchise's history, financial stability and growth potential. "When I came on board as CEO three months ago, my job was primarily to organize the fledgling l.A franchise's reputation is crucial for seniors looking to invest their time and money. įranchise Expert Dick Rennick Appointed Ceo Of Assisting Handsįranchise expert and entrepreneur Dick Rennick was recently appointed CEO of Assisting Hands, a franchise system that provides non-medical, in-home care to people who are elderly or have special needs. Kofoed will continue to serve as the company's chief operating officer. Kofoed has been named president of Assisting Hands. TEAM Rennick, franchise advocates, mentors and consultants, and Assisting Hands in-home care franchise, today announced that Lane R. Depending on the time of day, the only traffic jam he may encounter is from a sun-weathered farmer relocating his combine harvester from one corn field to the next, or youngsters out for a joy ride on their horses. It's a 10-minute drive from Lane Kofoed's home to his office in Nampa, Idaho. Chan will be able to o.Ĭeo Lane Kofoed's Family And Farm Assist In Welcoming New Franchisees Into The Fold In April of 2014, Jefferson Chan purchased the first international Assisting Hands franchise territory and during the second quarter of 2015, he plans to open his office in Edmonton, Alberta, Canada. ![]() Assisting Hands Expands Franchising to CanadaĪssisting Hands Home Care has sold its first Canadian in-home care franchise.
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