Want to start a old age home business in 2-3 years in India, What is your approach?

Question

Accepted Answer

Research market demand, secure funding, find suitable location, hire staff, and obtain necessary licenses.

Conduct market research to determine demand for old age homes in the desired location.
Secure funding through investors or loans to cover initial costs.
Find a suitable location that is easily accessible and has necessary amenities.
Hire staff including caretakers, nurses, and administrative personnel.
Obtain necessary licenses and permits from local authorities.
Ensure the facility is equipped with necessary medical equipment and supplies.
Develop a comprehensive care plan for residents including medical, social, and recreational activities.

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