Business today is different than even 10 years ago. More and more people are working from home and even owning businesses from home. The rise in technology has made this possible, and it seems the general appeal of owning a work-from-home franchise has never been greater. Today, the idea of running a successful business from the comfort of your own home is not just a dream. It’s a thriving possibility, even in the in-home care industry. There are a ton of benefits of working and owning a business from home. Let’s look at five benefits of a work-from-home franchise.
1. Lower Overhead Costs
A home-based franchise can significantly reduce the overhead for your business. In a traditional brick-and-mortar business, rent or real estate may be one of the most expensive ongoing costs. By eliminating the need for a large office, you can reduce costs, which can potentially lead to more profits. The additional funds can be used in areas that directly contribute to growth and service quality, such as marketing or caregiver training.
2. Work-Life Balance
One of the most significant benefits of a work-from-home franchise is the flexibility it offers. Having a work-life balance has proven to increase mental and psychological well-being. A recent report by the American Psychological Association noted 67% of workers who felt they did not have good work-life balance said their work negatively impacted their mental health.
Unlike traditional office-bound roles, owning an in-home care franchise allows you to structure your day in a way that balances work responsibilities with personal life. Whether that means starting your day off with a coffee meeting, running errands, checking emails or meeting with clients, you have the ability to adapt your schedule to fit life’s expected and unexpected demands.
3. Personal Fulfillment
In a similar category to work-life balance, running a work-from-home franchise, especially within the in-home care sector with CareBuilders at Home, offers a level of personal fulfillment that goes beyond financial success. In this industry, you provide essential services to help seniors in your community maintain their independence and quality of life. This can bring a deep sense of satisfaction and purpose. Each day offers the opportunity to make a real difference in the lives of individuals and families within your community. All while working from the comfort of your own home.
4. Increased Productivity
During the pandemic, many workers and owners were forced to leave the office and work from home. This started a work revolution in some ways, catapulting business sectors into the work-from-home category. The world saw the benefits of at-home work, such as lower overhead costs, flexibility, fulfillment, and even increased productivity. In Owl Labs’ State of Hybrid Work 2023 report, hybrid workers reported they were more productively learning, focusing, innovating, working independently, and thinking creatively from home.
The work-from-home model can lead to higher productivity levels for franchise owners. Without the distractions and time consumed by a daily commute, you can instead spend that time focusing on efforts to grow your franchise. On average, according to research done by the National Bureau of Economic Research (NBER), work-from-home workers saved 72 minutes a day without a commute. This time could be used for marketing efforts, meetings, education, and so much more.
4. Scalability
Home-based franchises offer a unique scalability that is not always feasible with physical locations. The cost to scale can be lower, as you won’t need to purchase additional offices or rent more physical locations. As your in-home care franchise grows, expanding your service area or client base doesn’t necessarily require a larger office space or additional locations, just potentially more staff and resources to manage the increased demand. This scalability makes it easier to grow at your own pace and according to your business goals.
Have an At-Home Franchise with CareBuilders at Home
The shift toward remote work has opened up new possibilities for business and entrepreneurship. The benefits of running a work-from-home franchise are numerous — from reduced overhead costs to the personal fulfillment and flexibility you can have as a business owner. If you’re considering becoming a franchise owner, it’s a great idea to look into a home-based franchise like CareBuilders at Home.
Our franchisees make a meaningful difference in the lives of their clients every day, and they enjoy the ability to run their business from home. Aside from those benefits, we offer our franchisees:
- Preliminary franchise training sessions and in-depth training sessions
- Help with caregiver payroll and taxes
- Support getting state-specific licensing and compliance
- National contracts with vendors
- Caregiver recruitment, training, and retention
- Public relations and marketing support
- And more!
Are you ready to start your franchise from your home and make a difference? Request information on a CareBuilders at Home franchise — at home is in our name!