Episode 211 | Assisted Living Numbers Make NO SENSE? Here's the Fix!
👉 Watch this free training to avoid the #1 mistake people like you are making: https://assistedlivinginvesting.net/topmistake
If you’ve been thinking about starting but feel overwhelmed, this video will show you what’s actually holding you back.
❓ Not sure where to start?
👉 Take the 30-second quiz: https://aliquiz.com
In this episode, I discuss the common pitfalls beginners face, map out the "WIFE" expenses that dictate 80-90% of your budget, and explain the exact levers you can pull to guarantee profitability. Stop guessing at the numbers and start building a sustainable, high-impact assisted living business today.
Chapters
00:00 — Introduction: The Assisted Living Profitability Paradox
01:06 — The Danger of the 100% Occupancy Myth
02:32 — Mastering the "WIFE" Expenses
04:23 — The Hourly Staffing Math Formula
06:21 — Factoring in Administration & Total Wage Budgets
07:32 — The Two Revenue Levers: Residents and Rates
09:46 — Private Pay vs. Medicaid Strategies
11:58 — Building a Foundation for Lender Approval
💼 Ways to Work With Me:
• Foundation Builder (Start Here): https://assistedlivinginvesting.net/foundation
• Roadmap Challenge (Right Fit?): https://roadmapchallenge.com
• Success System (Full System): https://assistedlivinginvesting.net/success-system
• LEGACY Program (Fast Track): https://www.assistedlivinginvesting.net/legacy-experience
📚 Free Resources:
• Business Plan Checklist: https://assistedlivinginvesting.net/bpchecklist
• Underwriting Calculator: https://assistedlivinginvesting.net/calculator
• Meeting Agenda Template: https://www.assistedlivinginvesting.net/meeting-agenda
• Grant Writing Template: https://assistedlivinginvesting.net/grants
• Sample Lease Agreement: https://assistedlivinginvesting.net/lease-agreement
📖 Get My Book: The Profitable Assisted Living Facility 👉 https://thealibook.com
🛠 Tools I Recommend:
• Payroll (Gusto): https://gusto.com/i/brandon9590
• Amazon Storefront: https://www.amazon.com/shop/brandongustafson
(Some links above may be affiliate links, which means I may earn a small commission at no additional cost to you.)
🔗 Connect With Me:
• Facebook Group: https://www.facebook.com/groups/assistedlivinginvesting
• Instagram: https://www.instagram.com/assistedlivinginvesting/
• LinkedIn: https://www.linkedin.com/company/assisted-living-investing/
🏡 Learn more about my assisted living facilities: https://www.beewellassistedliving.com/
#assistedlivingbusines #residentialassistedliving #healthcareentrepreneur