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Below is an in-depth analysis and side-by-side comparison of IKOR vs FirstLight HomeCare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $86,450 - $138,083 | $112,881 - $199,376 |
Franchise Fee | $37,500 | $49,000 |
Royalty Fee | 8% | 5% |
Advertising Fee | 1% | 1% |
Year Founded | 2000 | 2009 |
Year Franchised | 2010 | 2010 |
Term Of Agreement | 10 years +5+5+5 | - |
Term Of Agreement | 10 years +5+5+5 | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Success-minded individuals from all occupations and walks of life will find great potential with the FirstLight HomeCare operating system. We look for people or teams of people who are caring, compassionate, outgoing, detail-oriented, visionary, entrepreneurial, positive, self-motivated, with a willingness to follow a proven system, a desire to deliver great service and a desire to be on a winning team. A minimum of $50,000 in working capital and the ability to have an equity owner participating in the business are required. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/Yes |
Start-up Costs | -/Yes | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | Classroom Training: 74 hours | Our training is state-of-the art in the senior care industry and begins with five full days at our headquarters in suburban Cincinnati, OH. This is very hands-on and personalized in small group settings to maximize the learning experience. Additionally, ongoing training modules for your managers, caregivers, referral networking managers and care managers/schedulers are provided as your business grows and your training needs evolve. We believe in "learning for life" and have patterned our franchise services in the same manner On-The-Job Training: 32 hours Classroom Training: 40 hours |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | We are driven by the simple approach that if our franchisees are successful, we will all be successful. Our support infrastructure is geared to enabling your success first. You will receive a range of direct services and training via a five day, extensive, new owner learning session; onsite visits; telephone coaching; operational analysis; Intranet forums; regional meetings and national conferences; entrepreneurial network sharing; and future services as we evolve and your needs change as your FirstLight business grows. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | Number of Employees Required to Run: 2 | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
A Unique and Rewarding Opportunity in the Senior and Disabled Professional Services Sector
IKOR is different from other businesses that serve the needs of seniors and the disabled. IKOR does not provide direct care, but acts as an advocate for its clients, creating and overseeing each client's medical, environmental, psycho-social and financial life plans.
With this approach, IKOR provides a wide range of services: advocacy, guardianship, care planning and coordination, financial management, routine bill payment services and small/minor trust work.
IKOR is a unique business opportunity in the senior and disabled care industry, allowing motivated franchise owners to provide a variety of badly needed services - with the support of an established organization - that make a
positive impact on the lives of individuals and families in their communities.
Our in-house team of highly experienced Registered Nurse Patient Advocates and Personal Needs Coordinators provides our customized services through an assessment process that ends in both short-term and long-term strategic planning. Each client's strategic plan is based on the unique needs of that individual.
The IKOR approach helps families manage both short-term health crises and long-term care issues for seniors and disabled adults and children.
If you have a true desire to help those who need help and want your work to have a meaning, we invite you to learn more about us! Take the next step toward being your community's solution for the issues of seniors and the disabled.
IKOR has identified the need, and developed the solution to address the specific medical, financial and other life issues of its clients. Our philosophy and individualized focus, our network of contacts, plus our deep understanding of various options and programs all become yours when you join IKOR!
What we seek in return is your dedication to providing services and intervention focused solely on the client.
We expect you to accept each client and situation as unique and individual, and that you use your business and relationship-building skills, plus your compassion, to help ensure your clients' needs are met in the most appropriate manner. It can be a highly-rewarding venture in so many ways. Contact us today to find out more
about the IKOR franchise program and begin your journey toward discovering if IKOR is right for you.
FirstLight HomeCare's administration begins with our kin - individuals who have been there and who comprehend the difficulties to seniors, their relatives and nearby groups. We comprehend the difficulties families confront when tending to friends and family, regardless of whether they are across town or the nation, and that implies finding and contracting the correct sort of care.
* FirstLight parental figures are immediate workers, not temporary workers - state authorized, screened and foundation checked - and must go through our thorough care preparing.
* FirstLight is a completely agreeable organization with respect to the security of every customer's close to home wellbeing information. All parental figures are prepared in security issues.
* Following exhaustive enlistment and care preparing before we ever start giving administrations, all FirstLight representatives should likewise total our exceptional Culture of Care preparing and introduction procedure to convey a much larger amount of care.
FirstLight HomeCare's qualities driven approach touches each part of our business, including earth shattering, industry-driving instruments for our customers and their families:
# Client Care Access
# Emergency Response
# Client Satisfaction Surveys
# Client Care Assurance
# ClientFirst