Business Plans For Opening An Assisted Living Home
Assisted Living Network's Podcast
The number one reason to have a business plan is for you, so that you have clarity of vision of who you are, what you're doing and where you're going. The second reason for a business plan is to help raise capital. No private investor or a lender is going to give you the money you need without a business plan.
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Transforming Your Home Into Senior Housing
Assisted Living Network's Podcast
You can turn your home into senior housing anywhere from independent living up to Assisted Living. Independent living is senior safe. I mean grab bars, smoke detectors, wider doors, trip hazards removed. That home itself maybe has four bedrooms.
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You Don’t Have To Be The Caretaker Yourself
Assisted Living Network's Podcast
As our family ages they start to need more. Their independence is gone and they don’t want to admit that they may not be capable emotionally or physically.
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Assisted Living Explained
Assisted Living Network's Podcast
A long time ago Assisted Living meant a big institution. Today it is completely different. When you think about living at an Assisted Living home, it has all of the comforts of home and there's other people in that home.
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Marketing Offline Helps Build Personal Relationships
Assisted Living Network's Podcast
Offline Marketing is having brochure, flyers and business cards. The brochures should match your website and your online presence. You only get one chance to make a first impression.
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Hospice - Who Really Pays For It?
Assisted Living Network's Podcast
Hospice provides benefits for people at end of life care.The money that pays for it is provided through the government, which comes from our tax dollars.
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Are Mom And Dad In A Home You Feel Good About?
Assisted Living Network's Podcast
You probably haven’t even considered putting mom or dad into a home. You just got to a point where it was harder than you thought and you didn't have the time, the skills or maybe the heart.
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3 Things I Wish I Knew Before Starting In Assisted Living
Assisted Living Network's Podcast
Learn from other people's success. Learn from other people's mistakes. Learn from other people's experience who's actually doing it, not just talking about it.
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Making Money Or Helping People - Do You Have To Choose?
Assisted Living Network's Podcast
20 years ago when we first heard about assisted living, we all heard about the silver tsunami that was coming.They were sharing it from the business perspective but there was nobody there to show how it's done.
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RAL Isn’t Easy, But It’s Worth It
Assisted Living Network's Podcast
You're going to work at something, you're going to get good at something, the question is what. And what are you willing to do in order to get the return that you say that you want?
info_outlineThere's two primary things or reasons why you have a business plan. One is for you, you need a roadmap, directions to get to where it is that you're going. It's a map showing you how to get to where you're going. If we have the map, you know how to get there faster, accomplish more, and go farther in the same amount of time.
The second reason to have the business plan is for the banker, lender, investor, or partner, whether they're lending to you, investing in you, or working with you. They need to know what the goal or vision is and where it is you're headed so they can decide if they want to stay on your bus and come with you, or get off and go on somebody else's bus.
Raising capital for assisted living is the easiest thing I've ever raised capital for, but you need to have a business plan in order to do that. Don't expect anybody to give, lend, or invest in you or be a part of what you're doing financially unless you have a written plan. But if you do and your clear, you surround yourself with the right people, and you've got a plan, you absolutely get it funded and be successful.