If you think you’re ready to bust out on your own, make sure you’re familiar with Inc.‘s list of this year’s most promising sectors, featuring pet care.
The traditional pet care industry, valued at $60 billion in the U.S., is getting a makeover. Technological advances make it even easier for local businesses involved in pet sitting, grooming, walking, training, and boarding to reach customers, streamline processes, and scale their operations.
Why it’s hot: Forty percent of customers in the pet care industry are ages 30-49. Millennials are aging into this group and getting more pets than previous generations.
What’s required: An affinity for animals is, of course, a must. But you’ll also need some behavioral training skills and an ability to market yourself to continue gaining new customers.
Barriers to entry: Depending on the business, barriers to entry can be quite low.
Growth: Pet grooming and boarding revenue was nearly $8 billion in the U.S. in 2016, and IBISWorld projects 7 percent annual growth through 2021.
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