Be a Part of One of the Best Franchises for Minorities
Minorities in the US play a vital role in business and are an engine of employment in emerging communities and in the senior care industry. According to the US Department of Commerce, in 2002 there were 4 million minority-owned businesses, which employed 4.7 million people and grossed $661 billion. If these businesses had matched the population of minorities in the country, however, we would have expected numbers in the range of 6.5 million businesses employing 16.1 million workers and grossing over $2.5 trillion, according to a Department of Commerce report1. This disparity illustrates that minorities still face obstacles to becoming business owners in the US.
The Biggest Obstacles Facing Prospective Business Owners
One of the greatest obstacles for minorities continues to be lack of access to capital. Minorities are more likely to be denied credit and pay higher interest rates on loans, according to the report. Individuals looking to own and operate a franchise need initial capital to start the business, as well as working capital and business loans to grow. Because of our current financial environment an even greater burden is placed on minority entrepreneurs struggling to keep their businesses alive.
Work with One of the Best Franchises for Minorities
The Department of Commerce report illustrates the obstacles minorities face as entrepreneurs and business owners and the need to ensure that business opportunities are equally accessible to everyone. Always Best Care is proud to have been named one of the top 50 franchises for minorities by the National Minority Franchising Initiative. Always Best Care was also named one of the top low-cost franchises in the country.
Starting a non-medical home care franchise is an excellent opportunity for people from all walks of life and an opportunity to help meet the growing need for quality senior care in the US. Explore our website to learn more about franchising with Always Best Care.
Learn more about senior care franchising by downloading our FREE eBook.
Please refer to our most recent Franchise Disclosure Document for important details.