Before taking that great leap into owning a business, you conduct research work on things that you’d like to know. Sadly, some of the stories out there are myths but because they’ve been passed around for far too long it begins to look like the truth. This article takes you through some myths about senior care franchise opportunity in Baton Rogue LA. Due to these common myths, many people shattered their dream of becoming a senior care franchise business owner.
Myth 1: Professional background in healthcare is a must
You do not need health care experience in order to take advantage of a senior care franchise opportunity in Baton Rouge LA. One thing you should know is that neither you nor your staff is saddled with the responsibility of providing medical care for residents. Your basic responsibility is providing assistance for seniors under your watch. These may include preparing meals, companionship, assistance with completing daily tasks such as bathing and dressing, providing transportation, and many more. For many, they feel being a caregiver is another requirement for owning a senior care franchise. In reality, it really doesn’t matter. Moreover, it is impossible to multi-task in this line of the business hence you will need to hire extra hands.
Myth 2: Age
Owning a business has nothing to do with age. Regardless of your age, you have the opportunity to start something new. It is not uncommon to see middle-aged or even people close to retirement looking for senior care franchise opportunity in Baton Rouge LA. One major factor that might push you into owning a franchise business is your passion. There is no such thing as too old to switch careers.
Myth 3: Alarming number of senior care franchise
Regardless of the number of senior care companies plying their trade in Los Angeles, there is always a ready market for you to pitch your tent, thanks to the increasing population of seniors. With a decline in the number of family caregivers, senior care is the near-perfect alternative where seniors can be properly cared for.
Myth 4: Helping patients file insurance claim
Senior care is not included in health insurance policy. This kind of service is largely private pay, so you don’t have to worry about assisting residents process health insurance claims. Good news is that there are programs including Veteran Aid & Attendance benefits that provide families with much-needed financial assistance.
Myth 5: I need at least a million dollars to own a senior care franchise
Senior care franchise opportunity in Baton Rouge LA isn’t a free venture. You need to invest a considerable amount of money. However, you don’t need to break a bank for this. You need at least $50,000 in cash and a minimum net worth of $350,000 to own a senior care franchise. Nowadays, many franchisors are willing to work along with your budget. So if you have a passion to own a senior care franchise, go for it.
Before you feel discouraged, be sure to get your facts right and give deaf ears to stories.
FREE related content from StrategyDriven