Episode 80 | The KPIs You Need to Run a Profitable Assisted Living Business
In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson delves into the key performance indicators (KPIs) critical for running a profitable assisted living business. Brandon explains the importance and simplicity of KPIs, emphasizing their role in business health and profitability. He also discusses essential tools such as project management software (Asana, Trello, monday.com), Excel, CRM systems, and EHRs for tracking and managing KPIs. Specific KPIs covered include occupancy rates, timely payments, staffing levels, missed shifts, and ADLs (Activities of Daily Living). Brandon provides actionable insights on how to leverage these tools and KPIs to enhance the efficiency and profitability of your assisted living business.
00:00 Introduction to Assisted Living Investing
00:17 Understanding Key Performance Indicators (KPIs)
00:57 Essential Tools for Managing KPIs
04:43 Diving into Specific KPIs
10:00 Conclusion and Next Steps
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 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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