As an aspiring entrepreneur, you may be wondering, “Is now a good time to start a business?” Given the current state of the economy—including inflation, layoffs, and high interest rates—now may not seem like the most opportune moment. However, timing isn’t everything. Here’s the truth: while timing does matter somewhat, what’s most important is the industry you choose to invest in. Researching recession-resistant industries is key to finding a business opportunity that’s built to thrive.
As the saying goes, “the strongest steel is forged in the hottest fire.” Consider companies like Airbnb, Microsoft, General Motors, Uber, and Burger King; they all started during times of economic uncertainty—now they’re some of the biggest companies in the world. Learn why now actually may be the best time to start a business and why industries like senior care stand out from the crowd.
Why Senior Care Is a Smart Investment—Right Now
The senior care industry stands out for its consistency and long-term growth potential—even when other sectors struggle. Unlike some markets that shrink during downturns, senior care meets a critical need that doesn’t go away during recessions or uncertain times.
Here’s what makes the senior care market such a strong investment:
- Growing market: The global elderly care market was valued at $49.29 billion in 2024. Projected to experience a compound annual growth rate (CAGR) of 9% from now until 2032, the market will reach a total valuation of $98.19 billion by the end of the forecast period.
- Aging population: People are living longer, healthier lives. In fact, more than 10,000 people turn 65 every day in the U.S., creating steady demand for care services.
- Non-discretionary spending: Senior care is often seen as a necessity, not a luxury—especially for families caring for loved ones with Alzheimer’s or dementia.
- Shift toward in-home care: Post-COVID, many families prefer in-home care over assisted living facilities or nursing homes—strengthening home care market growth.
- Strain on family caregivers: With more families balancing work, children, and aging parents, the need for reliable senior care support continues to rise.
- More care needed after hospital discharges: As hospitals strive to shorten patient stays, more older adults need transitional care once they return home.
- Historical resilience: Historically, the senior care sector has consistently performed well during economic downturns, proving its vitality and durability.
While the senior care industry shows incredible promise, navigating this sector on your own can be challenging. That’s why many aspiring entrepreneurs turn to franchising. By partnering with a reputable brand like A Place At Home, you’ll get direct access to a proven business model, built-in support, and strong brand recognition right from the start.
Get Started with A Place At Home
Founded in 2012 and franchising since 2017, A Place At Home offers a well-rounded franchise opportunity. Providing a range of services including non-medical in-home care, care coordination, senior living alternatives, Alzheimer’s and dementia care, long and short-term staffing solutions, and specialized Veteran care, A Place At Home franchisees can build multiple revenue streams while delivering the highest-quality care to those in need.
Offering an affordable opportunity, our startup costs range from $91,195 to $166,012, including our initial franchise fee of $49,500. To qualify for our brand, interested candidates should have a net worth of $250,000 and at least $50,000 in liquid assets.
So—is now a good time to start a business? We think yes. With A Place At Home, you’ll have everything you need to build a strong business from day one. To learn more about our franchise opportunity, fill out our franchise inquiry form. Once we have received your information, a member of our team will be in touch with you to discuss further.
