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They say old age is like gold, scarce but highly demanded. Less than 20% of the world’s population lives to be 90 years or older, and if they do, most of them end up in senior living facilities. With the number of people in assisted living facilities increasing every day, it’s pretty a lucrative business if you plan your venture well and weigh your options vehemently.
Unfortunately, firms in this niche tend to hit the rocks for a variety of reasons. To avoid your senior living facility going down a few months or years after launch, here are fundamental business aspects to know.…
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