Industry Analysis & Industry Trends
The economic recovery will greatly benefit this industry. As parents and guardians, particularly females, rejoin the workforce, demand for day care services will grow. Additionally, the expected increase in disposable incomes will allow families to spend more on child care, including high-value services like early education programs. One key area of growth for the industry is employer-sponsored child care services, which will become increasingly important as companies ramp up their efforts to attract and retain staff... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry differ based on the type of firm present in the industry. Non-employers face fewer barriers to entry, given that there are no significant costs or government regulations that would deter a would-be caretaker. For larger firms, there are medium barriers to entry. Although there is not a significant capital investment involved in building a new establishment, hiring enough people to care for children will be a major expense. Additionally, the industry is heavily regulated, and as a result, a new enterprise must obtain permits and comply with other rules in order to operate.
One of the large barriers for new entrants is the level of regulation in this industry... purchase to read more