In Times of Recession, Investors Should Consider The Pet Industry
Any investors out there wondering where to put their cash in these times of financial turbulence, look no further than the pet industry.
Confirming what many involved in the pet sector have known for years, the pet business is bomb-proof, on a continuing upward curve and pretty much imune to recession.
It’s a jungle out there in the corporate world, redundancies, outsourcing, and other career killers lurking behind every corner office.
The arduous daily grind and perpetual uncertainty associated with corporate and other high-stress jobs is driving many aspiring professionals to start their own business. And many are finding success in the notoriously recession proof pet care industry. Indeed, one survey found that, even in a recession, pet owners will give up luxuries to continue providing for their furry friends.
“Approximately 63% of U.S. households, or 71 million homes, now own at least one pet, up from 64 million just five years ago,” said Paul Mann, CEO of FETCH! Pet Care — the nation’s leading name in professional at-home pet sitting and dog walking services with franchise locations throughout the U.S.
“With annual spending on pets expected to hit $52 billion in the next two years, clearly, the demand for pet care services is at an all-time high, irrespective of economic concerns.”
Amid economic difficulties of late, throngs of insightful and resourceful professionals are capitalizing on low cost pet industry franchise opportunities, allowing them to parlay a personal passion for animals into a thriving business — one that fosters a fun and healthy lifestyle, enables them to be their own boss, and affords a great deal of professional flexibility.
“Rather than playing resume roulette, many working professionals are choosing to enter the thriving pet care field,” notes Mann. “During a recession or otherwise, they don’t want to jump into yet another job that will be just as uncertain and unsatisfying as the last.”
“While many professionals do have entrepreneurial aspirations, starting a new business can be treacherous at best — particularly with the bank lending restrictions of late. This is why pet industry franchise ownership has become so attractive; it’s an easy, affordable and relatively low risk way to start — and grow — your own business in a low stress, highly rewarding field.”
“Indeed, on a leap of faith most individuals in our nationwide franchise network left their former ‘rat race’ occupation behind to establish their own home-based pet care business, with a staff of sitters now reporting to them … and they’re dog gone happy they did.”
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