This week we will talk about #DogDay or Saturday August 26, 2017, and the possibilities for entrepreneurs to get a piece of the estimated $70 billion dollar pet industry. The American Pet Products Association estimates that there are over 90 million dogs in the United States living in over 60 million US households.
These dogs need everything from food products, healthcare, grooming, boarding, supplies etc..
As an entrepreneur, you should look to carve a niche out in those areas with the product or service you provide, or look to see how you can piggyback on an existing business to get your piece of the pet pie.
A good example of this is from the website Rover.com . On this site you can sign up to provide pet boarding, pet sitting, dog walking or house sitting services . According to Rover.com they have over 85,000 people offering these services from their website.
Of course, these entrepreneurs could use the services of their local SBDC to learn how to keep track of their income & expenses related to these home based businesses.
So whether it’s the pet industry or some other entrepreneurial pursuit you might have, feel free to contact us here at The University of Scranton Small Business Development Center.
Keith D. Yurgosky
Business Consultant
The University of Scranton
Small Business Development Center
Artwork adapted from freepik.com
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