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Top Franchise Picks for 2014

Ah…this is the time for New Year’s Resolutions and they are lurking right around the corner. Like most of us, you may be tired of what you are doing in your life and long for a change. What are your dreams for a victorious year? Why not change you destiny and consider owning a franchise or business opportunity. Rather than guess what business you should pursue, why not take a look at the top industries we think are winners. Why not begin your journey and see what you can learn by investigating some of the top franchise picks for 2014. Come join us and learn what industry picks will be the winners for 2014.

Our Number 1 Franchise Pick: Senior Care

The facts about the real need for home care services are undeniable, but a few of the most vital statistics that really stand out and point to the long term growth in this booming market include:

• More than 10,000 people turn 65 every day.

• More elderly are living with chronic illnesses, including arthritis, diabetes or Alzheimer’s than ever before, and need an increasing amount of help with the activities of daily living. (ADL’s)

• Seniors and their families desire to “age in place” in their own homes and preserve a level of independence and dignity for as long as they possibly can.

• More than 49% of women over the age of 75 live alone with no loved one to assist them with the activities of daily living. (ADL’s)*

• For non-seniors, hospital discharge statistics show that patients are discharged from hospitals more quickly today than ever before and that the average length of hospital stays has declined by five days since 1980.*

*Agency for Healthcare Research and Quality (AHRQ)

We favor the senior care industry for the following reasons:

There is a growing demand for this service and it will continue to increase in the next decade.

The profit margins are high and the business is scalable.

This type of business provides personal satisfaction because you are helping a segment of society that typically is ignored.

You cannot go wrong in this segment. Great pick by FranFinders, franchise consultants, for 2014.

Our Number 2 Pick: Restoration Services

A total of around $61.3 billion in claims were filed by U.S. homeowners in 2006 for losses stemming from catastrophes, weather-related damage, and accidents (including fires and flooding related to burst pipes), are up 6.2%, from $57.7 billion in claims filed in 2005. A significant percentage of insurance company payments are made to restoration professionals for helping them return their properties back to their original condition.

The fire and water damage restoration industry continues to thrive, given the constant demand for its services. The industry is dynamic, with restoration technology constantly changing. Because insurers typically cover repair costs for the majority of the damage that occurs during disasters, which occur on a regular basis, the restoration business is recession-resistant and for that reason this industry is worth investigating.*

We favor the restoration industry for the following reasons:

• There is a demand for this business and it continues to increase every year.

• There is a high profit margin in this business.

• This business is not affected by the economy and is considered recession-resistant.

• There are strong franchise models in the marketplace and they provide great service to the major insurance companies.

*; © 2007 Profile America, Inc. All rights reserved.

About the author

Sue Bennett

Sue has always enjoyed serving others in her various roles as a business owner and employee. Her broad business background includes experience in the financial services, insurance and real estate industries. She also authored a book, Jumpstart Your Life, 401 Ideas to a Winning Attitude, and inspired hundreds of individuals with her upbeat messages. Sue has spent her lifetime pursuing her dreams, but more importantly, she’s committed her time and knowledge to encourage others to become successful business owners.

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