You’ve heard it many times before – franchising offers an ideal business opportunity because it provides the stability of a proven business model, but also allows for individual flexibility and a chance to create your own successful operation.
What are some of the underlying reasons people choose a franchise over their own independent business? Concerns can range from high startup costs to industry-specific challenges and more.
For Stephen Endrizzi, a ComForcare Senior Services franchisee in Dakota County, Minn., the decision was based on population changes within his hometown. By 2020, seniors age 65 and older are expected to make up 20 percent of Dakota County’s population. Knowing that, Endrizzi saw an opportunity for a solid homecare business, and joined the ComForcare franchise last May after retiring from his industrial sales career. He now has 15 part-time employees and business continues to grow.
Endrizzi discussed his path to choosing ComForcare in the April 2013 issue of Kiplinger’s Personal Finance. The article is also available online.