5 Industries That Do Well in a Recession

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5 Industries That Do Well in a Recession

To build a business that withstands the test of time, discover five industries that do well in a recession.

A recession is characterized by decreased consumer spending, rising unemployment, and a prolonged dip in the stock market. The last U.S. recession was in 2008. The Great Recession was spurred by a housing market bubble, financial deregulation, and a banking crisis. During this time, the U.S. domestic product dropped 4.3%, and the unemployment rate doubled. Sluggish sales and economic uncertainty had a major impact on small businesses. Fewer small businesses opened during the Great Recession, and many struggled to stay afloat.

Operating a business during a recession can be challenging, especially if you don’t provide an essential service. During a recession, customers historically cut spending on non-essential items to trim their budgets, sending sales in these industries on a downward spiral.

Fortunately, many industries are essential and continue to perform well despite economic fluctuations. Here are a few of our top picks of industries that do well in a recession:

  1. Pet services: Most pet owners consider furry friends official family members. Even when money is tight, pet parents do not scrimp on care. During the 2008 recession, pet industry sales climbed 5.1%.
  2. Coffee shops: It may seem counterintuitive for customers to spend money on specialty coffees on a budget. But a daily “cup of joe” is often seen as an “affordable indulgence.” After cutting travel plans, delaying a new car purchase, or eating more meals at home, customers indulge in budget-friendly treats—like a latte or cold brew.
  3. Urgent care: More than 200 million patients visit urgent care annually. Whether patients need vaccinations, prescription refills, or are ill, urgent care locations offer same-day and after-hours healthcare services. Patients turn to urgent care as an alternative to crowded emergency rooms for non-life-threatening concerns. People continue to prioritize their health, even when the economy is down, and demand is expected to continue to surge for this convenient healthcare service. New urgent care centers are opening at a growth rate of 7%.
  4. Auto repair: We rely on cars to live, work, and play, and auto repair shops provide a valuable service. Americans spend an average of more than 25 minutes on their daily commute, and as the average age of cars on the road hits 12.6 years, repairs are inevitable. An auto repair shop can be a lucrative opportunity for car aficionados and savvy entrepreneurs.
  5. Senior services: Securing high-quality, compassionate care for aging loved ones is necessary for many families. Aging in place is an important goal for 95% of Americans, a survey conducted by U.S. News & World Report revealed. In-home senior care services are an essential, recession-resistant solution designed to improve seniors’ quality of life.

A Place At Home: A Senior Care Leader

A Place At Home co-founders and childhood friends Dustin Distefano and Jerod Evanich were inspired to launch a business in the senior care industry to deliver the same level of care they’d provided their grandparents to seniors nationwide. The senior care franchise’s focus on compassionate care and multiple revenue streams has helped it grow to 34 locations.

With an initial investment starting near $90,000*, A Place At Home offers entrepreneurs a turnkey senior care business in a recession resistant industry with the training and support they need to thrive. If you want to own a recession-resistant business that makes a difference in the lives of families in your community, A Place At Home is ready to help you get started.

Fill out our franchise inquiry form to learn more about launching a senior-focused business in your community today!

 *See FDD for details.

Best Franchises for Women Entrepreneurs

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Best Franchises for Women Entrepreneurs

Female entrepreneurs are an integral part of the small business community. They own more than 12 million of the nation’s small businesses and employ over 10.7 million people. The franchise business model helps propel female entrepreneurship by offering a flexible and supportive framework. Take the first step towards owning a successful business today by finding the best franchises for women entrepreneurs in diverse sectors.

Franchising Offers Turnkey Opportunity

Franchises provide a proven business model, which is especially beneficial for aspiring business owners who want the structure of an established brand. With training, brand recognition, and ongoing support, franchises lower the barriers to entry for women entrepreneurs. Many franchises also prioritize gender diversity, offering support networks, and promoting leadership development to empower women.

Female entrepreneurs are achieving success as franchisees. At least 48% of female business owners pursued franchising in 2024, according to data collected by Guidant Financial. The average annual income of female franchisees on Franchise Business Review’s “Top 50 Franchises for Women” was $92,000. And 88% of these female franchisees said they enjoy operating their business and 33% are multi-unit owners.

Finding the Best Franchise for Women to Own

If franchising sounds like a viable option, research to find a brand that fits your financial and lifestyle goals. Do you want to own a storefront or a work-from-home business? Do you want to manage employees or be an owner-operator? Understanding your goals will put you on the right path.

Successful female franchises exist in every industry. But there are certain segments of franchising where women thrive. Let’s take a closer look at some of the best franchises for women:

  • Senior care services: By 2040, one in five Americans will be age 65 or older, the Urban Institute As the population ages, demand for senior care services is surging. The senior care market hit $923.2 billion in 2023 and is expected to grow by a Compound Annual Growth Rate of 4.16% through 2030. A senior care franchise can be a rewarding and lucrative opportunity for compassionate female entrepreneurs.
  • Tutoring: As students struggle to regain learning loss from remote schooling, parents are turning to tutoring to help bridge the gap. Female entrepreneurs can offer tutoring online or open a brick-and-mortar location. For women passionate about education and community involvement, this business has the potential to be both profitable and meaningful.
  • Health and wellness: As more Americans recognize the benefits of fitness for both physical and mental health, gym membership hit a record high of 9 million members in 2023, and the average member visited a facility 81 times annually. There are many different types of health and wellness franchises, from large gyms to personal trainers. There are also many fitness franchises targeting female customers, putting a woman owner at an advantage.
  • Staffing: The staffing industry provides businesses with flexible employee solutions. They can add and contract their workforce based on seasonality or project demand. As demand for a flexible workforce continues to grow, a staffing franchise offers the stability and steady income potential many female owners desire.

A Place At Home: A Top Choice for Female Entrepreneurs

If you want to make a difference in your local community, A Place At Home can help you build a business in the senior care industry. Our home care franchises take advantage of multiple revenue streams to enhance profitability. We offer in-home senior care, care coordination, senior living alternatives, and staffing solutions. Become your community’s go-to resource for seniors!

Fill out a franchise inquiry form to learn more about A Place At Home. We’ll connect you with an expert from our franchise team.

A Place at Home’s Newest Owners Featured by Franchising USA Magazine

A Place At Home was recently featured by Franchising USA Magazine, a national monthly publication highlighting the franchise world’s opportunities and achievements. Experts in the franchising industry, they featured our three newest A Place at Home franchisees – two in New Jersey and one in the Los Angeles metro area. These three new locations elevate our brand to 31 locations nationwide, reflecting our continuous growth and commitment to quality care.

Each of our new franchisees brings invaluable personal experience in caring for a senior loved one to their new business. In Northridge, California, Jerry Shin, who his grandmother raised, opened A Place At Home – Northwest Valley. In New Jersey, Tania and Arturo Rosario have launched A Place At Home – Montclair, drawing on their extensive experience in the tech side of the healthcare industry. Lastly, Essa and Sabrina Bangura’s opening of A Place at Home – Eatontown will serve the senior population, which makes up nearly 20% of Monmouth County, New Jersey.

“We’re thrilled to see our network grow with franchisees who are committed to our mission of providing compassionate, accountable, respectful, and ethical care,” said Dustin Distefano, CEO and co-founder of A Place At Home. “Their unique backgrounds and personal stories make them the perfect addition to our franchise family.”

A Place At Home offers a comprehensive range of senior-focused care services. These include in-home care, care coordination, senior living alternatives, and staffing solutions. Our brand is dedicated to providing consistent and continuous care throughout the aging journey, ensuring that seniors receive the best possible support at every stage of life.

Use our Location Finder to find an A Place at Home team near you.

Franchise Industries: Fastest Growing Sectors to Invest in Today

Franchise Industries: Fastest Growing Sectors to Invest in Today

Certain franchise industries show signs of faster growth compared with others. Learn what they are and what fuels their growth today and for the future.

1. Health and Fitness

The health and fitness sector thrives as people increasingly prioritize personal well-being. This industry includes gyms, wellness centers, and nutrition-focused stores. Studies show that more than 60 million people go to the gym in the U.S. While these types of franchises benefit from a recurring customer base, they can face challenges during economic downturns. When people’s wallets tighten, they turn to at-home workouts and DIY self-care.

2. Fast-Casual Dining

Fast-casual dining is one of the fastest-growing segments in the restaurant industry, known for combining convenience with quality. This sector is great at adapting to current trends, such as online ordering and delivery, making it one of the top-growing franchises. Restaurant franchises come with hefty investments and ongoing operating costs because of the space required, employees, and inventory.

3. Childcare and Education

With the increasing number of working parents, the demand for reliable childcare and educational programs is higher than ever. Additionally, there’s a decrease in in-home care providers, so parents must use childcare facilities, including franchises, instead. While this franchise industry offers promising growth, it also comes with a substantial investment and high staffing turnover. Daycare workers and teachers are leaving their jobs at a high rate. If parents notice this happening at a facility, they’ll often leave or not attend.

4. Automotive Services

With cars becoming increasingly more expensive and lacking stock, people want to make their cars last longer, making an automotive services franchise an intriguing sector. There’s a steady call for maintenance, repair, and specialized services, allowing entrepreneurs to capitalize on this ongoing demand. But it’s not all smooth driving — franchise industries like automotive can come with their set of challenges, like the need for constant updates on technology and tools to keep up with automotive advancements, which can hike up operational costs. Additionally, depending on the types of services you offer, if there’s a dip in the economy, people will defer any non-critical vehicle repairs.

5. Home Services

The home services sector is a broad industry that covers everything from lawn maintenance or cleaning to remodeling or remediation. The industry is in demand due to the rise in home prices and the lack of supply. People are looking to stay in their homes longer, so instead of buying, they’re remodeling. Plus, services like HVAC repairs or mold remediation are necessary. Home service franchises are often home-based, from cabinet refinishing to lawn care. This decreases initial investment costs but makes them an owner-operator model. You’ll need to be okay with doing the hands-on work of the business, such as laying flooring or painting.

6. Senior In-Home Care

Amid the rapidly aging population, with 10,000 people turning 65 in the U.S. every day, and the prioritization of aging in place, the demand for in-home care services is surging. Unlike other health services, the home care industry offers essential assistance that supports the quality of life for our older loved ones, making it a fulfilling investment. While caregiver turnover can be challenging, and there are state and local regulations to navigate, partnering with a reputable franchise that will support you through it all makes investing in this booming industry worth it.

Choose Senior Care with A Place At Home

When considering the fastest-growing franchises, the $1.28 billion senior in-home care market should be at the top of your list. Compared to other industries, senior in-home care offers unique advantages, such as being more recession-resistant, because it’s an essential service for the aging population. Plus, it’s poised for growth as technological advancements help more seniors age independently at their homes for longer.

Comparing franchises within this industry, A Place At Home offers a comprehensive opportunity. We go beyond just offering in-home care. Our franchisees benefit from multiple revenue streams, including care coordination, senior living alternatives, and staffing solutions. As an A Place At Home franchisee, you’ll join a community dedicated to upholding the highest standards of integrity and quality care for seniors while focusing on your growth and success as a franchise owner.

Ready to explore a franchise opportunity that promises growth and the chance to make a real difference? Fill out our ‘Request Information’ form.

How to Start a Healthcare Staffing Agency: Everything to Know

Starting a healthcare staffing agency is a business opportunity with much promise and potential. Here are the steps to starting one the right way.

Behind the Healthcare Staffing Agency Industry

Healthcare staffing agencies are potentially highly profitable business ventures. In 2022, the U.S. healthcare staffing market was valued at $23.6 million, with Precedence Research projecting it to grow to $41.17 million by 2032. Agencies profit by charging healthcare facilities a fee for placing someone in a position, which is usually a percentage of the person’s salary or a flat fee for temporary placements.

The industry is rapidly growing due to several factors. The aging population is increasing daily, with AARP reporting that 10,000 Americans turn 65 every day and will represent over 20% of the population by 2030. With this silver tsunami comes an increase in the care facility population. While facilities saw a dip during the pandemic, senior housing occupancy has exceeded 85% over the last 2.5 years. Many of these facilities are already struggling to keep up with staffing demands, and as more and more people need to use them, they’ll need to turn to healthcare staffing companies for help.

Additionally, more people are dealing with chronic conditions. Nearly 60% of adults in the U.S. have at least one chronic condition. Many people with chronic conditions need a care provider to help throughout the day.

More healthcare providers are using technology such as telehealth to keep in contact with their patients. However, using this technology can be difficult for seniors, so people and senior living facilities use caregivers to help. Caregivers are hired to help guide seniors through telehealth appointments and other health technology they might be using.

How to Start a Healthcare Staffing Agency: Complexities and Requirements

A healthcare staffing agency isn’t necessarily more difficult to start than another business, but it does require thorough preparation and compliance with regulations.

Start by creating a business plan. Defining your niche market is extremely important as it will allow you to focus your resources on a specific demographic. Include your operational plan and financial projections in the business plan. The business plan will help you find investors willing to help you get started.

The healthcare industry involves many legalities and compliance requirements. Ensure that you obtain the necessary licenses and comply with healthcare staffing regulations.

You’ll want to have a quality insurance policy to protect not only you and your business, but also the professionals you’ll place in jobs.

It’s time to get to work! Create a marketing plan to attract clients. Then, find people to fill your clients’ spots by developing a recruitment strategy to find qualified healthcare professionals.

Healthcare Staffing Challenges

Owning a healthcare staffing agency is rewarding but challenging. You’re responsible for constantly recruiting qualified candidates. This is a continuous effort as healthcare staff turnover is high, with facilities experiencing some of their highest turnover rates. To grow your business, you need to maintain relationships with healthcare facilities and continuously connect with new ones. As the owner, you’ll need to ensure your agency is always compliant with industry regulations on both state and federal levels.

Despite these challenges, it is a very rewarding career. You fill a vital need in the healthcare system and help people find jobs in your community.

Why Invest in a Franchise

For those looking at how to start a healthcare staffing agency, franchising offers a worthwhile option. When investing in a franchise, you’ll receive a proven business model to follow, brand recognition, training, and ongoing support. All this support mitigates the startup challenges.

The A Place At Home Advantage

Consider going bigger than just starting a care recruitment agency. A Place At Home allows entrepreneurs to capitalize on multiple revenue streams. As a home care franchise, we primarily focus on the $225 billion in-home care market, but our franchisees can take advantage of our multiple revenue streams. Beyond home care and staffing solutions, franchisees also provide care coordination and senior living alternatives.

If you’re passionate about joining the healthcare staffing industry, do so with us at A Place At Home. You’ll join a network that values integrity, compassion, and excellence, equipped with the training, support, and tools needed to build a successful business that makes a real difference in your community.

Fill out our form to begin the journey.

 

Home Care Market: Industry Analysis, Competition, & Growth

Non-medical home care business profits

The home care market is highly resilient and continues to grow rapidly. Get up to speed on everything you need to know.

Industry Analysis

Home care encompasses a wide range of services, from non-medical companion care to skilled nursing and therapeutic services. The home care market is steadily expanding, with projections indicating continued growth. Statista reports that the U.S. home care market size is $225 billion in 2024. Home care spending is the fastest-growing sector within the healthcare industry. It’s not because of an increase in pricing but an increase in use.

Home Care Industry Growth

The home care industry is experiencing unprecedented growth, driven by the oldest population in U.S. history, an increase in chronic diseases, and a growing preference for aging in place. According to the Population Reference Bureau, the number of Americans 65 and older will increase by 47% by 2050 to 82 million. More and more seniors need help continuing daily living activities. LongTermCare.Gov finds that seniors have a 70% chance of requiring in-home long-term care services and support at some point in their later years.

This “silver tsunami” creates a significant demand for home care services. AARP finds that more than 90% of seniors prefer to age comfortably and safely in their homes rather than a facility.

Advancements in healthcare technology benefit the growth of home care. New developments have made it possible to provide more complex medical treatments in a senior’s home. Meanwhile, the COVID-19 pandemic increased awareness of the benefits of receiving care at home, highlighting the home care industry’s resilience and essential nature.

Home Care Competition

Competition within the home care sector is robust, with players ranging from small, locally-owned businesses to large national franchises. However, the market’s fragmented nature presents unique opportunities for new entrants, especially those affiliated with a strong franchise brand like A Place At Home, which offers comprehensive support, training, and a proven business model.

A Resilient Industry

The home care industry is a resilient one to invest in with its essential nature and adaptability. The demographic shift ensures that as a home care business owner, your customer base can grow for the foreseeable future. It’s recession-resistant, as even in troubling economic times, the demand for home healthcare market services, particularly home care, remains stable, as these services are considered essential.

Home care companies can easily adapt to the market’s changing needs, for example, by using telehealth and remote monitoring technologies to provide continuous, quality care amidst challenges such as the COVID-19 pandemic. They can also add revenue streams to diversify their profits, like A Place At Home offers. Our franchisees provide in-home care, care coordination, senior living alternatives, and staffing solutions.

Additionally, starting a home care business through a franchise increases your potential for success. You can leverage the brand’s established reputation, operational support, and marketing strategies, significantly reducing the hurdles of starting a business from scratch. This support is invaluable in navigating the complexities of the healthcare industry, regulatory compliance, and the competitive landscape.

Join the Home Care Industry with A Place At Home

A Place At Home stands at the forefront of this expanding industry, offering a comprehensive suite of services beyond traditional home care. Our franchise model is designed for success, providing franchisees with the tools, training, and support needed to thrive in the home care sector. Our commitment to quality care, combined with our business expertise, makes A Place At Home a leader in the home care industry.

If you’re looking to make a meaningful impact while building a sustainable business in a growing industry, home care is it. We’re ready to guide you through every step of your franchising journey. Fill out a request information form to get started.

Top Health Franchises to Fuel Your Passion

Turn your passion into profit with these top health franchises. From fitness to home care to healthy eating, explore your many options and which is best for you.

Why Should I Consider Investing in a Franchise?

First, why should you invest in a franchise instead of opening your own business from scratch?

Investing in a franchise allows you to operate under an established brand with a proven business model. The brand recognition and business model significantly reduce the risks associated with starting a business from scratch. Entrepreneur found, on average, only 3.9% of franchises were terminated or closed over the first five years of operation. With the reduced risk, lenders are more likely to fund franchisees.

Franchises provide support in terms of training, marketing, operational strategies, and IT support, making it easier for you to hit the ground running. Moreover, being part of a franchise means being part of a larger network, which can be invaluable for support and advice.

Top Health Franchises to Consider

The global wellness economy hit a record high of $5.6 trillion in revenue in 2022, according to the Global Wellness Institute. The research organization forecasts that the number will grow to $8.5 trillion by 2027. So, what makes up this economic sector?

  • Fitness centers and gyms: As a popular choice for wellness franchises, they cater to a growing demand for physical fitness and offer a range of services, from personal training to group classes. Due to the size of the building needed and the amount of expensive equipment required for this type of franchise, the investment price tag is generally high. Brands like Anytime Fitness and Planet Fitness are well-known in this space.
  • Chiropractic clinics: For those interested in alternative medicine, chiropractic franchises offer services focusing on spinal health and overall well-being. These clinics often attract clients seeking pain relief and preventive care.
  • Physical therapy offices: Franchises in physical therapy provide rehabilitative care and wellness services. They are ideal for those with a background in physical therapy or an interest in helping people recover from injuries and improve their physical capabilities.
  • Nutrition and weight loss centers: These franchises focus on diet and nutrition to promote health and wellness. They often offer personalized nutrition plans, weight loss programs, and supplements. Examples of these franchises are Jenny Craig or GNC.
  • Yoga and Pilates studios: If mind-body wellness is your passion, investing in a yoga or Pilates studio can be rewarding. These studios offer classes for all skill levels and often incorporate wellness workshops.
  • Medical spas: Medical spa franchises combine healthcare and aesthetics, offering services like laser treatments, Botox, and skincare therapies. They cater to a clientele focused on both health and beauty.
  • IV hydration clinics: These clinics are becoming increasingly popular, offering intravenous hydration and vitamin therapies for wellness and recovery. They appeal to a wide range of clients, from athletes to those seeking wellness boosts.
  • Home care: A home care business like A Place At Home offers a unique opportunity to provide essential services to seniors or those needing in-home care. This sector is experiencing significant growth due to the aging population.

Why Home Care is a Fulfilling Opportunity

The future of home care is bright. The target market will only grow as 10,000 Americans turn 65 every day, and almost all seniors prefer to age within their homes. Home care franchises are often less expensive compared to other types, such as gyms and med spas. For example, A Place At Home has an initial investment range of $84,185 to $148,517.

Beyond the financial side, a home care franchise is not just a business; it’s a chance to make a real difference in people’s lives. As the population ages, the demand for in-home care services is increasing. This sector offers the satisfaction of providing essential services that help individuals maintain their dignity and independence in their homes.

Why A Place At Home is the Right Choice

A Place At Home stands out among home care and senior care franchises for our comprehensive approach. Our franchise offers more than just in-home care; we provide a full spectrum of services, including care coordination, senior living alternatives, and staffing solutions. Investing in A Place At Home means joining a network that values compassion, quality care, and community impact.

We provide our franchisees with a robust support system, ensuring you have the tools, training, and resources needed to succeed. Our business model is designed for growth and sustainability, making it an attractive investment for those enthusiastic about health and caring for others.

If you’re ready to fuel your passion for health, fill out our request information form.

Future of Home Care: What to Expect from an Economic Standpoint

The future of home care is met with ever-increasing demand but a severely limited number of caregivers. This creates endless opportunities to help close the gap.

Home Care Market Growth

The demand for personalized, in-home care services is skyrocketing, driven by an aging population, a growing preference for aging in place, and the prevalence of chronic diseases.  Grand View Research finds that the home healthcare market was valued at $152.9 billion in 2023 and will grow to $253.4 billion by 2030.

Challenges to Expect

While revenue is expected to grow by over $100 billion in the next seven years, like many other industries, home care faces a financial battle with rising service costs. Home Health Care News (HHCN) finds that agencies are reporting a 15% to 40% increase in the cost of care. While home care agencies might be forced to raise prices, it’s critical to remember these services are vital to our senior population, which makes them recession resistant. Plus, HHCN also reported that agencies believe bill rates will hit a ceiling and stabilize in the future of home care.

With the cost of care rising, agencies are choosing between catering to wealthier clients or diversifying their revenue streams​​. At A Place At Home, our franchisees can offer a variety of services that allow them to encompass the entirety of the aging journey. Those services include not only in-home care but also care coordination, senior living alternatives, and staffing solutions.

In addition to the caregiver shortage, there’s a notable issue with clients poaching caregivers, meaning caregivers leave agencies to work directly for clients, often for better pay or steadier hours​​. So, if you’re looking to join the industry, invest in your workforce retention programs to avoid this. Joining a franchise like A Place At Home is another way. Our franchise system has some of the highest caregiver satisfaction ratings in the industry, and many of our locations earn Home Care Pulse’s Employer of Choice award.

Behind the Demand Increase

Demographic shifts are driving the rise in demand for home care. Specifically, the U.S. Census Bureau projects a notable surge in the population of Americans aged 65 or older, from 52 million in 2018 to 95 million by 2060. Already, 4.5 million patients in the U.S. receive some type of home healthcare annually, according to Market.us Media. Considering these figures and the U.S. Department of Health and Human Services’ estimation that 70% of seniors will eventually require some type of long-term care, you can anticipate a substantial increase in the number of in-home care patients in the coming decades.

The pandemic has also altered senior care. Besides a patient’s preference for at-home care for its convenience and personalization, families recognize the safety component. The fear of infection with group living hindered the future of nursing homes. There’s also been a growing recognition of the benefits of in-home care over institutional settings, fueling the future of nursing homes and the future of hospice care to lean more toward home-based models.

Economic Resilience of In-Home Care Businesses

The resilience of the home care industry in economic downturns is notable. Unlike many other sectors, home care services are essential and can’t be deferred or replaced, making them less susceptible to economic fluctuations. This resilience stems from the constant and growing need for healthcare services, especially for seniors and those with chronic conditions.

The Future of Home Care Looks Promising

Given these factors, home care is emerging as a promising business. It offers scalability, resilience to economic fluctuations, and a continuous demand driven by demographic trends and changing healthcare preferences. For franchise investors, aligning with a brand like A Place At Home that has a comprehensive approach and is at the forefront of industry trends can be a particularly strategic move.

Partner with a Premier Provider: A Place At Home

A Place At Home stands out in this flourishing market. Our comprehensive approach positions our franchisees at the forefront of the industry. That approach covers a range of services, from companionship to staffing solutions. We’re committed to quality through our robust franchise support system that provides a solid foundation for new investors like you. Additionally, our innovative strategies in workforce development, technology integration, and customer service set us apart and make us a leader in shaping the future of home care.

Are you ready to get started? Fill out our request information form on our website to begin the journey.

6 Best Business Ideas for Couples That Are Purposeful & Profitable

Considering opening a business with your significant other? You’re not alone, because 1.2 million U.S. small businesses are owned by husband-and-wife duos, according to Score.

A couple that makes money together stays together. See the best business ideas for couples that will fill your heart and pockets. Get ideas here.

1. Café or Small Restaurant

One of the classic business ideas for couples is opening a café or a small restaurant. If one of you loves cooking and the other has a knack for customer service or management, this could be

a perfect match. It’s a business that allows for creativity, community engagement, and the joy of bringing people together over good food. Restaurants can come with expensive startup fees and long hours.

2. Bed and Breakfast

Running a bed and breakfast can be a lucrative and enjoyable business opportunity for couples who love hospitality and have a charming property. It’s a great way to meet new people, provide a unique travel experience, and work from the comfort of your own home. If you’re using your own property, you’ll have to get used to having people around your home all the time. And if you’re not using your property, you’ll have to invest in one, which is expensive.

3. Online Retail Store

E-commerce is booming, and starting an online retail store is one of the more flexible business ideas for couples. Whether selling handmade goods, curated collections, or drop-shipping, the online space offers vast opportunities with relatively low startup costs.

4. Fitness Studio or Gym

If fitness and wellness are your passion, opening a studio or gym can be fulfilling and profitable. This venture allows you to share your love for health and wellness with others while building a community around your brand.

5. Property Investment

Real estate and property investments present a lucrative opportunity for couples. Whether flipping properties to sell or managing rental properties, this sector offers significant income and capital growth potential. It’s a business that benefits from the combined skills of negotiation, renovation, and property management. For couples, this can be an exciting venture as it allows for creativity in design and strategy in investment, making it one of the more dynamic business ideas for couples. But, as with the bed and breakfast, buying properties requires a hefty initial investment.

6. Homecare Franchise

A homecare franchise is among the best business ideas for couples, especially those seeking a purposeful and profitable venture. It combines the opportunity to make a significant impact in your community with the potential for financial success. The AARP states that 10,000 people turn 65 every day in the U.S., so the need for in-home senior care will only continue to grow for decades to come.

Why Invest in a Franchise?

Franchising offers a unique blend of entrepreneurship and support, making it an attractive option for couples. When you choose a franchise, you’re not just starting a business; you’re joining a proven system with established processes, branding, and support. International Franchise Professionals Group (IFPG) discusses how there’s typically a lower failure rate in franchising compared to starting a business from scratch. This is because of that proven business model, support, and brand recognition.

Benefits of Franchising as a Couple

Running franchises for couples has several advantages over going it alone. As a team, you can divide responsibilities based on your strengths, offer each other support during challenges, and share the joys of success. This partnership can lead to a more balanced work-life dynamic and a deeper understanding of the business from multiple perspectives.

As a couple, you typically have a stronger bond and a deep respect for each other that helps provide better communication. Business News Daily explains that excellent communication can be a couple’s most valuable tool during business ownership.

Why Choose Homecare?

Among various franchises for couples, a homecare franchise is particularly appealing for several reasons. First, the industry is rapidly growing in demand. With the aging population, the need for in-home care services will only increase, making it a sustainable business choice. More specifically, Fortune Business Insights finds that the U.S. home healthcare services market was worth $94.17 billion in 2022 and is predicted to grow to $153.19 billion by 2029.

Running a homecare franchise often requires a blend of skills – from management and caregiving to marketing and customer service. Couples can leverage their diverse skill sets for greater success. In addition to the transferable skills, homecare franchisors, like A Place At Home, offer extensive training and ongoing training to help prepare you for opening and guide you through the years.

A homecare franchise allows you to make a real difference in people’s lives, providing a sense of purpose and fulfillment that’s hard to find in other businesses. Along with the moral benefits, a senior homecare business can offer more flexibility than traditional businesses, allowing you and your significant other to manage your work-life balance.

A Place At Home: A Top Choice for Couples

A Place At Home stands out as one of the best franchises for couples and among senior care businesses. We offer a comprehensive range of senior-focused care services, including in-home care, care coordination, senior living alternatives, and staffing solutions, designed to provide personalized guidance throughout the aging journey for the seniors in your community.

By joining A Place At Home, you become part of our family of franchisees that values integrity, compassion, and excellence. You’ll receive training, support, and the tools you need to build a successful business that makes a real difference in your community.

Several of our franchisees are husband-and-wife duos like Stacy and Brian Eisenberg, owners of A Place At Home North Austin.

“A Place At Home for me means us being home together, working together. A chance for her to be at home and foster the care that she’s always had and bring that into her own business. I’m excited to build a business with Stacey around her passion and knowledge,” said Bryan.

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Home Service Franchise vs. Home Care Franchise: How They Compare

Considering home care or home service franchising? Home service franchises and home care franchises allow you to bring the service to the customer’s home. See how these two franchise opportunities compare.

Home Service Franchises: An Overview

Home service franchising is a broad sector that includes any service provided to homeowners, whether improving, maintaining, or refurbishing their living spaces. This can range from landscaping and cleaning to plumbing and home renovations. The entire home service market was worth $657.4 billion in 2022, according to Angi. But keep in mind that includes industries such as home improvement, home maintenance, and home emergencies. When considering a franchise in the market, you’ll most likely only fall into one of those categories, so your specific industry worth is much smaller than $657.4 billion.

The appeal of home service franchising lies in its resilience; homeowners will always need maintenance and repairs, making it a sector that can withstand economic fluctuations. Moreover, technological advancements have streamlined operations, improving customer service and efficiency. Home service franchising thrives on repeat business and customer referrals, which can lead to a steady income stream.

The Human Touch of Home Care Franchises

A home care franchise, like A Place At Home, offers a service that’s less about the home itself and more about the individuals within it. These franchises provide essential care services for seniors or individuals with disabilities, focusing on companionship, personal care, and assistance with daily activities. It’s a sector driven by compassion, where your service profoundly affects the quality of life for your clients.

The home care model is rapidly expanding, driven by an aging population and a growing preference for at-home care over institutional settings. Grand View Research values the home healthcare market at $142.9 billion in 2022 and is expected to grow to around $254.5 billion by 2030.

Comparing Home Service and Home Care Franchises

As you compare these industries, consider your investment from three angles: financial commitment, potential for growth, and personal fulfillment.

Financially, home service franchises typically offer a lower initial investment, with the potential for quick scalability due to the variety of services you can offer and the ability to run it out of your home. In comparison, home care might require a higher initial investment due to the need for office space, licensing, training, and accreditation requirements. However, this type of business offers the potential for significant long-term returns as the demand for care services rises.

While home services is considered a recession-resistant business, it’s not totally immune to economic challenges. When budgets must tighten due to inflation, many homeowners will cut back on those cosmetic projects around the house. Meanwhile, healthcare is a necessity. So, while nothing is entirely a recession-proof franchise, home healthcare is highly recession-resistant.

As for growth in home healthcare, AARP finds that 10,000 Americans turn 65 every day, most prioritizing staying in their home for as long as possible. This is a great sign of increasing demand for the home care industry.

Both industries allow for personal fulfillment. In home services you’ll watch your projects transform people’s homes into their dream home. But you’ll probably be performing most of the work yourself to get the business off the ground, so hopefully, you’re handy!

In comparison, home care requires a different approach. You’ll need to hire and train caregivers who are compassionate and reliable. With home care, you’re not just investing in a business; you’re investing in a community and the well-being of its members. It’s a sector that calls for a blend of business acumen and a heart for service.

Aligning Your Strengths with the Right Franchise Opportunity

Consider your strengths and what you’re looking for in a business. If you’re handy and enjoy fixing problems, a home service franchise might be up your alley. But if you’re drawn to making a difference in people’s lives and providing care, home care is a fulfilling choice.

A Place At Home offers a comprehensive model that not only provides in-home care but also assists with care coordination and senior living alternatives. This holistic approach ensures that you can meet the varied needs of seniors and their families.

By joining A Place At Home, you become part of a network that values integrity, compassion, and excellence. You’ll receive training, support, and the tools you need to build a successful business that makes a real difference in your community.

Are you ready to take the next step in your franchising journey? Request information on our website to learn more about how we can support your new venture in making a meaningful impact.