In this episode, Brandon provides a comprehensive behind-the-scenes look at running an assisted living care home. Geared towards beginners eager to launch their own assisted living business, the episode dives into critical operational aspects, focusing on four fundamental areas: managing people, finances, culture, and compliance.
00:00:00 – Introduction
00:00:33 – Behind the Scenes: Running a Care Home
00:01:51 – Importance of Communication
00:02:08 – Managing Finances: Payroll Focus
00:04:01 – Collecting Resident Payments
00:05:40 – Understanding Medicaid
00:06:02 – Food Management and Costs
00:07:11 – Utilities and Insurance Expenses
00:08:30 – Repairs and Maintenance
00:09:32 – Marketing and Administrative Costs
00:10:02 – Owner Compensation
00:10:50 – Building Culture Through Hiring and Staff Management
00:12:33 – Creating the Facility’s Atmosphere
00:12:58 – Compliance and Regulations
00:14:15 – Employee Training and Documentation
00:16:02 – Delegation and Key Roles
00:17:17 – Closing Remarks
Resources Mentioned:
Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.
Get your free business plan checklist today: https://urlgeni.us/alibpc
Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics
Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind
Apply for the Mastermind today: alimastermind.com/application
Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics
Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM
Get the 12 Week Year Book: https://amzn.to/4bAOpQf
Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5
Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink
Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg
FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590
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