Starting an assisted living facility is exciting, but you need money to get started. Many people use SBA loans to get the money they need. Part of applying for an SBA loan means filling out a Personal Financial Statement (PFS). This form shows the bank what you own and what you owe so they can decid...
Starting your own assisted living facility is a big and exciting step! But to make it happen, you need to secure funding. That’s where the SBA 1919 form comes in. It can feel confusing, like trying to solve a big puzzle, but don’t worry—I’m here to help!
This guide will focus on Section II of the f...
Filling out forms can be tricky, especially when it comes to getting a loan for your assisted living business. The SBA 1919 form is one of those important forms, and it’s a big step in getting the funds you need. But don’t worry, I’m here to help!
In this guide, we’re focusing on Section I of the S...
I want to share my story of how I got into the assisted living business. I’ve faced challenges, learned a ton, and had some amazing moments along the way. Now, I’m excited to share some helpful tips with you! Whether you're just starting out or want to grow your assisted living facility, I hope my j...
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.
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Getting your team set up the right way is a big deal when you’re building an assisted living business. Your team’s structure affects how smoothly things run, how happy your residents feel, and how engaged your staff is. Let’s dive into how to set up an org chart that makes it all work!
Check out th...
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...
Building a successful assisted living business starts with a great team. Each staff member plays a special role in helping things run smoothly. Here’s a look at some key positions in a residential assisted living facility (RAL) that make all the difference.
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Owners and F...
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.
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 an exciting venture for entrepreneurs eager to make a difference in the lives of seniors while also seizing a significant business opportunity. Today, I’ll guide you through the financial aspects of opening your own facility, drawing from both common industry ...
Running an assisted living facility has its ups and downs, and one of the biggest challenges is keeping a steady, happy staff. Turnover among caregivers and administrators doesn’t just cause extra work and expenses; it also impacts the care residents receive and the bonds they form. High turnover ca...
