Why Focusing On Senior Living Could Help Grow Your Business—And How To Get Started

Having successfully established your business, while each business is unique, the universal quest for growth persists. One area that merits your attention is the senior living industry. Consider these compelling facts: A staggering seven out of ten seniors will require assisted living care during their lifetime, and this demographic is poised to expand to nearly 81 million by 2040. Harvard's Joint Center for Housing Studies projects that 12% of households will be led by individuals aged 80 or older, heightening the demand for care and support. This elucidates why our private investment firm has launched a new fund dedicated to establishing senior living communities nationwide, despite operating in five diverse industries. Here are four crucial reasons for business leaders to contemplate venturing into this industry: escalating demand for assistive services, the pivotal role of human resources, the pressing need for healthcare solutions, and the vast market expansion potential. Senior living offers an opportunity to diversify.