The Assisted Living Launch Formula: Start Strong & Succeed

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Starting an assisted living business might feel overwhelming, but with the right plan, you can open your doors in 6-12 months. The key is following a step-by-step strategy that keeps you moving forward without second-guessing yourself.

That’s why I created The Assisted Living Launch Formula—a simple five-phase process that takes you from idea to fully operational facility in just 12 months.

Ready? Let’s break it down!

Check out the video, too:

Phase 1: Build a Solid Business Foundation

Before you buy a property or apply for funding, you need a clear plan. This is where many people get stuck, but don’t worry—you just need to focus on three key areas:

Create a Business Plan – Outline your vision, goals, and financial projections.
Run the Numbers – Use an underwriting calculator to check if your business is profitable.
Choose Your Business Structure – Set up an LLC or corporation to protect your assets.

📌 Get Started: Download our Business Plan Checklist to keep yourself on track!


Phase 2: Find the Perfect Property

Once your business foundation is set, it’s time to find a property that meets zoning and licensing requirements.

🏡 Check Zoning Laws – Make sure the property can legally operate as an assisted living home.
🚒 Talk to Local Authorities – Contact the fire department and state licensing agency early.
🛠 Plan for Renovations – Some homes need upgrades for accessibility or fire safety.

Pro Tip: Don’t waste time on properties that won’t pass inspection—talk to a real estate agent who specializes in assisted living!


Phase 3: Secure Funding

One of the biggest challenges in starting an assisted living business is getting the money to launch. But there are plenty of ways to secure funding!

💰 SBA Loans – The most common way to finance a facility.
🤝 Private Investors – Partner with someone who wants passive income.
🏦 Lender Relationships – Prepare a strong financial plan to increase approval odds.

📌 Need help with funding? Join our Mastermind Program to learn how to present your business to lenders the right way!


Phase 4: Get Licensed & Follow the Rules

Every state has different rules for assisted living, so you need to follow the correct steps:

📜 Obtain a Facility License – Contact your state’s health department to apply.
💳 Get Administrator Certification – Some states require a licensed administrator.
🩺 Consider Medicaid Certification – If you want to accept Medicaid residents.

🚨 Skipping this step can shut down your business before you even start—make sure you’re fully compliant!


Phase 5: Launch & Scale Your Business

🎉 You’re licensed and ready to open! Now, focus on running your facility like a pro:

👩‍⚕️ Hire the Right Team – Great caregivers = Happy residents = Long-term success.
📢 Market Your Facility – Use social media, referral networks, and community outreach.
📊 Track Your Numbers – Keep an eye on revenue, expenses, and occupancy rates.

💡 Pro Tip: Don’t stop at one home—once you master the process, scaling to multiple locations is easier than you think!


Take Action Today!

Thinking about starting an assisted living business? The best time to take action is NOW!

🚀 Download our FREE Business Plan Checklist at Assisted Living Investing to see if your business idea is viable.
🚀 Join the Mastermind Program for step-by-step guidance from industry experts.

Stop waiting. Start building your dream today! 💪

 

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