Franchising continues to provide people with a new direction in business.
In Colorado, we’ve learned of a man named Mike Stanley. He was recently profiled in the Coloradan. Mike worked in the cement industry for many years, but after his life circumstances changed and he had to care for his ill mother, he realized that a home care franchise might be ideal for him.
He found the right franchise for him with Home Helpers and has not looked back. As Mike’s first patient, his own mother says, the business improves the quality of her life.
"It's wonderful. They (caretakers) help to much because of things that I can't do alone," said Betty Stanley, sitting in her living room.
Betty Stanley said she prefers being able to live in her own home with the aid of a Home Helper employee because it is familiar to her.
Little things, like the horses she watches in a field east of her home and her wheelchair ramp make her more comfortable.
If you’re looking to make a similar career switch to Mike, franchising will offer many opportunities. For your own sake, it’s essential to do extensive research and read the franchise’s FDD before signing up. As the Seattle Post-Intelligencer recently reported: “The Washington State Department of Financial Institutions has issued an advisory for potential franchisees to alert them to important considerations before investing in a franchise.”
They quoted Bill Beatty, the department's director of securities told the paper's Boomer Consumer blog: "The first step before investing your money in any security or business venture is to do your homework. For franchise investors, this means, at a minimum, reviewing the franchise disclosure document and getting in touch with current and former franchisees. You should be very skeptical if earnings for existing franchises are not disclosed and if experienced franchisees are unhappy or unreachable."
All sound advice which we heartily endorse.