Business Plans For Opening An Assisted Living Home
Assisted Living Network's Podcast
Release Date: 02/18/2019
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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.
info_outline
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_outlineThe 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. You need to be able to show to other people that you know what you’re doing and where you’re going, where it starts, where we break even, where we're profitable, what's my reserve and all of the details. You want to give them a clear vision so they can buy into or lend to you. But that lender wants to know that they're going to make money, and that they will eventually get out of that deal.
You also need to consider the 5 Ps in your business plan. They are People, Position, Product, Projection, and Plan. We go over all of these individually in more detail in our Blog. There's a lot to know in a business plan, but the two keys are clarity of vision for you and the ability to raise capital