For Subscribers

Help is Here With their unique concept, a couple is helping seniors in more ways than one.

By Tracy Stapp Herold

After working with Mother Teresa in India for 14 years, the desire to help other people comes naturally to Kiran Yocom, 50. When she came to America in 1995, the needs of the growing aging population called out to her. So with the help of her husband, Philip, 54, she started the nonprofit Seniors Helping Seniors in Reading, Pennsylvania, in 1998.

As the name suggests, what differentiates Seniors Helping Seniors from other in-home care companies is that seniors are both the ones receiving the care and the ones providing it. The Yocoms see themselves as filling not just one need but two, letting more able seniors stay active and supplement their incomes while they help less able seniors remain independent. "And when we match the right seniors, they become friends," Philip adds. "So we look at ourselves as providing not just companion care, but also companionship."

Philip has 30 years of experience working for franchise companies, so the couple naturally thought of franchising their idea from the beginning, but they wanted to build the business and experience it for themselves first. In 2006, they finally felt ready. They are now expanding throughout the country, with 25 franchises currently in operation. They expect 2008 sales of about $1.8 million.

The caring spirit that inspired them to open their nonprofit 10 years ago remains at the core of the company even now that it's a for-profit franchise. "We're building a community," says Philip, with franchisees "who first want to help, then make money--in that order."

Tracy Stapp Herold

Entrepreneur Staff

Tracy Stapp Herold is the special projects editor at Entrepreneur magazine. She works on franchise and business opportunity stories and listings, including the annual Franchise 500.

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

Editor's Pick

Business Ideas

70 Small Business Ideas to Start in 2025

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

Business News

American Eagle Stock Sees a 25% Surge Following Sydney Sweeney's Controversial 'Great Jeans' Ad Campaign

American Eagle saw its stock jump 25% after its earnings call on Wednesday.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.

Starting a Business

He Built a $100 Million Brand in Menswear — Now He's Taking On Baby Monitors After a Scary Wake-Up Call

Kevin Lavelle of Harbor proves that success in entrepreneurship comes with solving the problems you face yourself.

Leadership

Your Team Doesn't Trust You — These 5 Leadership Habits Are to Blame

Trust isn't a soft value — it's a measurable driver of performance and retention.