Today, seniors have a number of options for obtaining various levels of care, such as home care, assisted living and medical and nonmedical transportation services.
Housekeeping services Sales Forecast One thing is certain, there would always be elderly people and senior citizens with one form of disability or the other who would need the services of senior care facility. We have been able to critically examine the senior scare facility services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Montgomery — Alabama. Please note that the above projection might be lower and at the same time it might be higher. In order to achieve that, we will senior care business plan that we offer top notch all — round senior care facility services at affordable prices compare to what is obtainable in Montgomery — Alabama and other state in the US.
All our employees will be well trained and equipped to provide excellent and knowledgeable services as it relates to our business offerings. We know that if we are consistent with offering high quality senior care service delivery and excellent customer service, we will increase the number of our residents by more than 25 percent for the first year and then more than 40 percent in subsequent years.
We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time. We hired experts who have good understanding of the senior care facility industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Montgomery — Alabama.
As a matter of fact, our publicity and advertising strategy is not solely for winning residents customers over but to effectively communicate our brand to the general public. On the average, senior care facilities and group home facility service providers usually leverage on the fact that a good number of their clients do not pay the service charge from their pockets; private insurance companies, Medicare and Medicaid are responsible for the payment.
In view of that, it is easier for senior care service providers to bill their clients based in their discretions. Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal residents especially when they refer clients to us.
Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services. Start — Up Expenditure Budget If you are looking towards starting a senior care facility business, then you should be ready to go all out to ensure that you raise enough capital to cover some of the basic expenditure that you are going to incur.
The truth is that starting this type of business does not come cheap. You would need money to secure a standard residential facility big enough to accommodate the number of people you plan accommodating per time, you will also need money to acquire supplies and to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay take of the daily running cost and overhead.
The cost of Launching our official website: Please note that this amount includes the salaries of all the staff for the first month of operation. Cole Hayward and her immediate family members. We do not intend to welcome any external business partners, which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources.
All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. Senior Home Care Business Plan — Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
We know that one of the ways of gaining approval and winning customers over is to offer our senior care services a little bit cheaper than what is obtainable in the industry and we are well prepared to survive on lower profit margin for a while.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.
We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Completed Opening of Corporate Bank Accounts:Senior Home Care Guide. If you're like the majority of seniors, you probably want to live at home for as long as possible. You like your feeling of independence.
How to Start a Home-Based Senior Care Business has the tools and success strategies you need to launch and grow your business. An experienced senior care entrepreneur shares his experiences and advice on every aspect of the field. James L.
Ferry covers the range of senior care businesses—both those that can be set up by people with special qualifications, and those that can be run by individuals Reviews: Interested in starting your own medical or non-medical senior care business? Our Senior Care Start up Guide, business plan sample, manuals, templates, forms, and documents will help and guide you in starting or improving your senior care business.
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