No doubt the Home Care Facility industry will continue to grow and become more profitable because the aging baby-boomer generation in Unites States is expected to drive increasing demand for this specialized services and care. To that end, we encourage resident group decision-making through the House Councils, access to all areas of their homes here at Bright House, and self-determination in activities, socialization, and food preferences.
Opportunities: The opportunities that are available to non — medical home care facilities are unlimited considering the fact that we have growing aging population and people with one form of disability or the other in the United States and we are going to position our business to make the best out of the opportunities that will be available to us in Duluth — Minnesota.
Since the aging population are more prone to injury and illness, and therefore require more assistance with daily activities, the larger share of senior adults has propelled demand for non — medical home care facilities and of course nursing care facilities.
Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal residents especially when they refer clients to us. You would need money to secure a standard residential facility big enough to accommodate the number of people you plan accommodating per time, you could need money to acquire supplies and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.
The truth is that starting this type of business does not come cheap. As a matter of fact, our publicity and advertising strategy is not solely for winning residents customers over but to effectively communicate our brand to the general public.
Threat: Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies. Johnson's resume' and mission statement, and testimonials from prospective residents and Dr. Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Reports to the board.