Start a Business on the Cheap: 10 Growth Industries
Elderly and Disabled Services
Projected five-year annual growth rate: 4.7%
These days, more senior citizens are skipping the nursing home and spending their golden years in their own houses or assisted-living residences. That trend is expected to continue as the Baby Boomer generation ages. The $36 billion elderly and disabled services industry is highly fragmented and obtaining licenses from Medicaid and other government entities can be extremely difficult, warns Jack Plunkett of Plunkett Research. He suggests focusing on providing an unregulated service--for instance, helping seniors transition from their homes to assisted living communities.