Starting an assisted living business can feel overwhelming, but don’t worry—breaking it down into simple steps makes it manageable and achievable! By following these five key phases, you’ll build a strong foundation, find the right property, secure funding, get licensed, and launch successfully.
Ch...
Starting an assisted living business is an exciting opportunity to make a difference in people’s lives, but it’s important to understand the roles that keep a facility running smoothly. Two of the most important roles are the administrator and the operator. While these roles might sound similar, the...
Starting your own assisted living business is exciting! But before you welcome your first resident, you need to set up a strong foundation. That begins with choosing the right legal structure for your business. It might not sound glamorous, but it’s one of the most important steps you’ll take.
Your...
Running an assisted living facility involves more than providing a safe space for residents—it’s about building a dedicated, knowledgeable team that ensures both the well-being of residents and smooth facility operations. Whether you’re opening a new facility or expanding an existing one, understand...
Starting an assisted living facility is a big deal! You get to help older adults live better lives while running a successful and profitable business. But if you're new to this field, it can feel a little overwhelming. There's a lot to learn, from healthcare needs to the real estate side of things.
...
Disclaimer: I am not an attorney, this blog is not legal advice and I suggest you consult with an attorney for your specific situation.
Starting an assisted living business is a big step! And choosing the right business structure—like an LLC, corporation, or partnership—is one of the most important...
Â
Welcome to the Assisted Living Investing Blog. I'm Brandon Gustafson, and I own and operate two assisted living facilities. I created this blog to help people like you learn the ins and outs of assisted living.Â
In this blog, we're diving into a common question: Can a care home with just 2 or 3 ...
Starting an assisted living facility is super exciting, but it can also be tricky, especially if it's your first time. There's a lot to think about—hiring staff, getting licenses, and making sure you have enough money to cover all the costs. But here’s a little secret that can help you get off to a ...
Starting your assisted living business can feel overwhelming, but the right tools make it simpler! With my Assisted Living Investing Calculator, you can easily get a handle on the numbers—predicting income, expenses, and even potential profits. Let’s walk through how this calculator works and why it...
Running an assisted living business can be tricky, especially when it comes to money. It's even harder when you're managing your business from far away. For my facilities, I've found that small business credit cards are super helpful. In this blog, I'll share how we use these cards to make our busin...
Running an assisted living business can feel like juggling a hundred balls at once. You're handling payroll, managing invoices, and making sure your staff gets paid correctly. It's a lot! But here's some good news: there are online tools that can make your life much easier. Let's talk about how thes...
Welcome back to our series on how to underwrite an assisted living business! In Parts 1 and 2, we covered the basics of our underwriting calculator. Now, let's dive into the exciting part: looking into the future of your potential investment.
Check out the video too:
