For Subscribers

The Golden Years Brad Cannon is finding fulfillment--and profits--through his senior-care franchise.

By Emily Weisburg

Opinions expressed by BIZ Experiences contributors are their own.

As a licensed nursing-home administrator for seven years, Brad Cannon saw firsthand that good senior care was in ever-growing demand. "Every morning, our market just got larger," says Cannon.

Cannon, 36, had always wanted to be an BIZ Experiences. He was drawn to franchising because he knew he had a strong ability to follow a concise plan and operate a business; he was drawn to Home Instead Senior Care in particular because of its low startup investment. His degree in health-care administration combined with his nursing-home certification and experience made him more than qualified to run the nonmedical senior-care franchise, which provides companionship, personal services and household help to seniors.

Cannon started for less than $50,000, using capital he and his wife made from a seasonal, part-time retail business they ran. About $20,000 went toward the franchise fee, and the rest was spent on the setup and operating costs for a small office. He quit his job in Florida to move back to his home state of Kentucky, where he began operations in 2002. Since then, Cannon's Bowling Green-based business has provided care to more than 1,200 seniors across seven rural counties. He currently employs 210 caregivers and an administrative team of eight. Meanwhile, he benefits from the franchisor's three-part marketing plan, which includes reaching out to educate health-care workers and seeking referrals, in addition to an advertising and PR campaign.

Home Instead Senior Care recently became part of the AARP National Employer Team, which encourages seniors to care for other seniors. "It's people taking care of people, and that's what makes it special," he says.

Cannon admits that it was tough to give up his well-paying job that first year, but with $2.5 million in revenue for 2007 and $3 million projected for 2008, he can't say he has any regrets.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.