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How to Start an Assisted Living Business | Free Book PDF Download

Starting an Assisted Living Busibess

 

How to Start an Assisted Living Business - Free Book


Are you considering starting an Assisted Living business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate Printing Business. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a consulting firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Printing Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for an Assisted Living business plan:

COMPANY NAME is a start-up nonprofit located in Lake Charles, Louisiana.  The company is privately owned by INSERT NAME(S) who have extensive experience in the Personal Care Service industry, and have maintained excellent reputations in this same industry. The Company is situated in a group location, and the business space encompasses 2500 square feet.

 
COMPANY NAME is the Owners' other company, which is a successful for-profit company. COMPANY NAME is the spin-off non-profit company, which was created for the purpose of providing PCA services to people who cannot afford the services provided by COMPANY NAME, and people who don’t have Medicaid and Medicare.

The Owners are seeking grant funding in the amount of $500,000. The money will be used to fund the community for services for Personal Care Attendants (PCAs) to enter into homes of clients who cannot afford the services. COMPANY NAME provides services to adult clients with handicaps/disabilities or who are developmentally challenged.  Personal Care Attendants (PCAs) provide the following types of in-home assistance to clients:

  • Bathing, grooming, and toileting
  • Light housekeeping
  • Meal preparation
  • Shopping transportation
  • Money management
  • Companionship
  • Social services

A grant or a series of grants, amounting to $500,000 is anticipated by COMPANY NAME in order to successfully execute its objectives. The funding will be used for additional staff, computer equipment, website design and marketing and will be allocated as follows:
Staff:  $300,000 per year
Marketing: $15,000 per year
Manager salaries: $140,000 per year

Although COMPANY NAME has not started operation due to lack of funding, the company currently has a waiting list for clients in need of in-home care services.  During the first year of operations the company looks to service a minimum of 100 clients per month at the rate of $15 per hour.
Sales in this type of business are directly related to quality patient service and utmost satisfaction from referring physicians and health care facilities.  It is perpetual business. One doesn't sell home health care; rather one sells excellent care, availability, and effective interpersonal relationships.
In a service industry, growth can mean loss of quality control, which in turn leads to client dissatisfaction. The services COMPANY NAME provides should always reflect the mission and oversight of management. The Owners want their clients to know that the quality of service they receive will be excellent, regardless of the individual service provider performing the service.
The Owners will therefore avoid the temptation to broaden the scope of COMPANY NAME's services too quickly.  Rather, they will focus their immediate attention on making the services that are offered of the highest possible quality. Only when those services are well-established and grounded in excellence will the Owner's consider expanding the service base.
COMPANY NAME's Net Worth is expected to be ($39,992) in 2010, ($16,486) in 2011, and $310,898 in 2012, respectively. 

1.1 Objectives

The Owners' objectives for COMPANY NAME include:

  • To serve at least 100 people
  • To employ at least 75 people
  • To grow billing to at least $50,000 per week

1.2 Mission

The mission of COMPANY NAME is as follows:

To provide and promote respect, compassionate, spiritual acceptance with emotional care for adults, geriatrics with developmental challenges both at home and in the community.

1.3 Keys to Success

The Company's keys to success include:

  • An excellent location for the business
  • High demand for the services offered  
  • Experience and dependability of the staff

2.0 Organization Summary

COMPANY NAME is a start-up nonprofit located in Lake Charles, Louisiana.  The company is privately owned by INSERT NAME(S) who have extensive experience in the Personal Care Service industry, and have maintained excellent reputations in this same industry. The Company is situated in a group location, and the business space encompasses 2500 square feet.
COMPANY NAME is the Owners' other company, which is a successful for-profit company. Angel Care Group is the spin-off non-profit company, which was created for the purpose of providing PCA services to people who cannot afford the services provided by COMPANY NAME, and people who don’t have Medicaid and Medicare.
COMPANY NAME offers in-home supportive care and assistance to developmentally challenged and handicapped/disabled adults within the local community. There have been no sales during the last 3 years and the company has demonstrated no performance because of the lack of funding.

2.1 Legal Entity

COMPANY NAME is a 501(c) (3) nonprofit corporation. The company is a C corporation and INSERT NAME has 67% ownership interest and INSERT NAME has 33% ownership interest.

2.2 Start-up Summary

The COMPANY NAME was started in March 2007, with the intention of making a difference in the local community by offering the services of Personal Care Attendants to people who cannot afford them and do not have Medicare or Medicaid. 

Start-up expenses total $500,000 including expenses related to additional staff, computer equipment, website design and marketing. The details are included in the following chart and table.
The funding will be used for additional staff, computer equipment, website design and marketing. Staff will cost around $300,000 per year, marketing will cost $15,000 per year, and managers will cost $140,000 per year.


Table: Start-up

 

Start-up

 

 

 

Requirements

 

 

 

Start-up Expenses

 

Grant Writing

$3,200

Business Plan Writing

$3,200

Formation of 501(c) 3 Corporation

$500

Total Start-up Expenses

$6,900

 

 

Start-up Assets

 

Cash Required

$6,900

Other Current Assets

$0

Long-term Assets

$0

Total Assets

$6,900

 

 

Total Requirements

$13,800

 

3.0 Services

The Company provides services to adult clients with handicaps/disabilities or who are developmentally challenged.  Personal Care Attendants (PCAs) provide the following types of in-home assistance to clients:

  • Bathing, grooming, and toileting
  • Light housekeeping
  • Meal preparation
  • Shopping transportation
  • Money management
  • Companionship
  • Social services

The cost of the services is $15.60 per hour.

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