Chris Blaine and Dave Parke are casualties of the recession who’ve bounced back in a big way, thanks to franchising. Parke was riffed from his job as an executive with the new accounts card division of a major credit card company when the entire division closed. Blaine was laid off from a new position as VP of Brand and Advertising at a credit card insurance company that nixed plans to expand amid the recession.
Considering their respective industries and the current economic climate, neither Blaine nor Parke were surprised by their job fate. Both also had severance packages, which allowed them some flexibility. And like many of the millions who have left or lost jobs in the recent recession, the two explored their options.
“Did I want to go back to corporate AmericaBlaine asked himself. A young family of four boys and the prospect of frequent travel convinced him to look for a business that he could call his own. Blaine and his family moved from Omaha, Nebraska, to purchase a Home Instead Senior Care&174; franchise in Springfield, Missouri, when he learned about the organization from a friend and mentor in the corporate office.
“Having worked in financial services and insurance, and looking at trends, there was definitely an increasing need for home health for seniors. It’s been good, very rewarding work,said Blaine, whose 40 Home Instead CAREGivers(SM) provide non-medical in-home care and companionship services to about the same number of seniors. “Seeing a family’s peace of mind that Mom and Dad are being looked after is as rewarding as working on multi-million dollar projects.
Parke’s career path also led him to the Home Instead Senior Care network to open a new office in West Jordan, Utah, a suburb of Salt Lake City. He’d had a glimpse into the needs of seniors when he worked for a short time after being laid off for a company that helps seniors obtain insurance. “As I would listen to the phone calls, I could hear the fear in seniorsvoices. I just wanted to do something to bring them peace and serenity.
One night, when he was searching the Internet for care for his father-in-law, Parke found Home Instead Senior Care. He was stunned by the consistent level of satisfaction he discovered when talking with Home Instead Senior Care franchise owners throughout the country. Since buying the new territory, he’s also enjoyed cooperation from a neighboring Home Instead Senior Care franchise. “It’s been an amazing year. My business has grown every single month.
Tim Connelly, director of Franchise Development for Home Instead, Inc., said that franchising remains a viable option in today’s weak market. And Home Instead Senior Care is a positive and promising career track for many. “Like any business opportunity, you have to do your research and go into it with your eyes wide open. It isn’t for everyone, but so many have found personal and professional rewards in serving a growing senior demographic who needs help to remain safe and independent at home,/a> Connelly said.
To help provide a resource to entrepreneurs interested in franchising, the Home Instead Senior Care network has issued tips for those looking for a new franchise business opportunity.
Another resource to research franchising opportunities is Franchise Business Review, which in its most recent report listed the Home Instead Senior Care network as the top franchise by units and revenues. The report also revealed that the Home Instead Senior Care network offers one of the lowest initial investments and the highest yield ratios (Average Unit Revenue/Average Investment) in the group. The organization has been ranked best in category for franchisee satisfaction since 2007.
ABOUT HOME INSTEAD SENIOR CARE
Founded in 1994 in Omaha by Lori and Paul Hogan, the Home Instead Senior Care network is the world's largest provider of non-medical in-home care services for seniors, with more than 900 independently owned and operated franchises providing in excess of 45 million hours of care throughout the United States, Canada, Japan, Portugal, Australia, New Zealand, Ireland, the United Kingdom, Taiwan, Switzerland, Germany, South Korea, Finland, Austria, Italy and Puerto Rico. Local Home Instead Senior Care offices employ more than 65,000 CAREGivers worldwide who provide basic support services assistance with activities of daily living (ADLs), personal care, medication reminders, meal preparation, light housekeeping, errands, incidental transportation and shopping which enable seniors to live safely and comfortably in their own homes for as long as possible. At Home Instead Senior Care, it’s relationship before task, while continuing to provide superior quality service that enhances the lives of seniors everywhere.
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