Episode 128 | Behind The Scenes of Running a Care Home

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 – Introduction00:00:33 – Behind the Scenes: Running a Care Home00:01:51 – Importance of Communication00:02:08 – Managing Finances: Payroll Focus00:04:01 – Collecting Resident Payments00:05:40 – Understanding Medicaid00:06:02 – Food Management and Costs00:07:11 – Utilities and Insurance Expenses00:08:30 – Repairs and Maintenance00:09:32 – Marketing and Administrative Costs00:10:02 – Owner Compensation00:10:50 – Building Culture Through Hiring and Staff Management00:12:33 – Creating the Facility’s Atmosphere00:12:58 – Compliance and Regulations00:14:15 – Employee Training and Documentation00:16:02 – Delegation and Key Roles00:17:17 – 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/aligrantNeed help with your payroll? Get Gusto: https://gusto.com/i/brandon9590 Follow Us: Subscribe to the podcast for more episodes.Leave a review to help us continue bringing you valuable content. Engage with us on our various platforms for further learning and support.Facebook | LinkedIn | X | Instagram