What types of franchises traditionally are more solid during a recession?

Let’s face it, the mere word “recession” strikes fear into many people, because it implies hardship, job loss, and therefore, loss of income. So, in times of recession, those without jobs, but with the economic means, will seek to replace routine employment with self-employment. This is a common scenario found in each and every economic downturn.

Now franchise consultants, at least those with true knowledge of the industry, will normally always advise in favor of purchasing a franchise opportunity that best fits the buyer, but what if funds are not available; what if that perfect business is in recession’?

Logic dictates that ‘you do what you have to do’, and often that means buying the ‘best buinesss you can afford; that isn’t in a recession and is available’.

Sorry to be so blunt about it, but many entrepreneurs have been born out of hardship and the trouble with most advisers is that most are not in business themselves. What’s the point of going to a bank manager who has a job and asking about a business – he doesn’t know because he has a job! Bit getting financial advice from someone with no money; mind you some people do that too.

The bottom line is this: if a ‘quality’ franchise investment represents a means to create a new found lifestyle, then the option is positive. Those who want that solidity go here.

ShareThis

A good analogy is how one selects a house to buy.  No one goes to an estate agent and says, “Give me a list of every house you have for sale.”

If you are currently not in business; not used to the cut and thrust of business then I may be able to help by learning your business history if any, business skills and education, business goals, lifestyle ambitions, desired important aspects of the business, liquid capital, income level, Only then is it possible to make an intelligent recommendations. Not guessing,  but rcommendations based on what I am told.

My services cost nothing.  It is a very smart way to get focused.  A great friend of mine; a businessman, once said “it’s not very far from the job side of the chasm to the self-employment side; possibly only a few small steps but the challenge for some people is that the chasm is ten miles deep!”

ShareThis

• The courage to begin separates dreamers from achievers.
• Your difficulty and the difficulty of everyone who ever desires to achieve anything worthwhile comes in the movement.
• Don’t always be intending to live a new life but never find a time to begin living it.
• Most people fail because they never get started.
• They don’t go they don’t overcome inertia, they don’t begin.
• Begin to free yourself at once by doing all that is possible with the means you have.
• As you proceed in this spirit, the way will open for you to do more. The worst you can do is not to try.

Some people in their own thoughts will never succeed.

2010. “Believe me there’s never been a better time to start a business – never. Once you’ve started to wonder if you could then the next step is what business would it be? That last question is singularly the most important of all. Put you’re business idea’s in the comments below and i’ll come back to you”

“If you have one or two remarkable talents, they may carry you to the top in spite of many shortcomings. So, if you are a wonderful salesman, or a brilliant inventor, or a phenomenal picker of people – it might be enough, even if you are a poor general manager. Entrepreneurs are not typically well-rounded human beings.”

So be it..

ShareThis

Up to the early 1980s, the availability of care tended to be mainly residential based, either in residential or nursing homes, albeit with some additional provision of state funded home-helps. In fact, 98 per cent of all institutional care was provided by the state. However, in 1984 compulsory registration of independently owned residential homes was introduced and during the next nine years, there was an enormous upsurge in the numbers of independent operators providing residential care for mainly older people. These were boom times for operators of private rest homes and the vast majority of these homes provided a safe, secure and caring environment for older people who had been struggling to cope for themselves in their own homes. All this changed with the passing of the NHS and Community Care Act in 1990.

This Community Care Act represented the most drastic changes to the way care had ever been provided before. Delayed for two years, in April 1993 the act was finally implemented in England and Wales, having initially been introduced to Scotland. The main consequences of this act were that the budgets held by the DSS to fund residential care were to be diverted to local authorities’ Social Services departments and anyone who felt that they required care and funding for that care would now need to apply for assessment by their local Social Services.

This system has now been in place for 13 years and the result of the majority of these assessments is that individuals can remain living in their own homes with care workers visiting them and providing appropriate in-home care and support. Of course, this has enormous cost saving benefits to the economy but more importantly, it allows people to retain a great deal more independence living in the familiar surroundings of their own homes.

The other major development in 1993 was the move by Social Services departments to purchase more and more community-based care from the independent sector whose costs were significantly lower, rather than to be providers of care services themselves. Hence, a new market started to develop in 1993 – the domiciliary care market.

The market today is enormous, estimated to be worth £12-£17 billion per annum! There are now around 4,500 independent operators in the UK with Social Services currently purchasing 70 per cent of their community based care from these new independent sector operators. 

In 2003 the Care Standards Act was introduced, requiring compulsory registration for all care providers and thereafter regular inspections from an independent organisation, the Commission for Social Care Inspection. This was a move welcomed by professional operators and has resulted in less committed/able operators withdrawing from the market. Domiciliary Care now has the professional status it has sought, and indeed yearned for.

The marketplace for elderly care continues to grow robustly; that fact and the continued greater importance placed by the authorities on quality care within the sector the benefits franchising this type of business are numerous. For clients, a franchised care operator such as 247 Professional Health can ensure a far greater standard of care delivery than either a very large corporate provider or a small independent operator. The owner of a good solid 247 Professional Health care franchise can build a hugely profitable business, but equally, will reap far greater rewards from knowing that often vulnerable clients are receiving the very best care in their own homes as a result from that business.

For more reading visit http://247professionalhealth.com/franchise

ShareThis