Industry Analysis & Industry Trends
Providers of social services to the elderly and people with disabilities help those who live at home to stay there rather than entering residential care. The two expanding major markets for the industry, those aged 65 years and over and those with a permanent disability, are expected to support revenue growth. The UK population has been ageing over the past few decades and the proportion of people aged 65 years and over has been steadily increasing. The number of people living with a disability has also risen slowly in the past five years, lifting both demand and, by extension, industry revenue.
However, recent reductions in local authority budgets as a result of central government spending constraints have limited the extent of revenue growth... purchase to read more
Industry Report - Starting a New Business Chapter
Capital intensity, and hence the start-up costs for a new business, are relatively low. Most of the investment needs to go into a skilled and permanently available workforce. This is supported by a large number of relatively small industry operators, highlighting the fact that scale is not an important factor in the successful operation of a company.
There is, however, a distinction between for-profit and not-for-profit operators in the industry. While barriers to entry for firms not competing for profit is easier, commercial companies tend to face higher barriers. Not-for-profit operators depend on charitable donations and voluntary contributions and exist with the aim of making a meaningful contribution to the overall society. In .. purchase to read more