Before you start your business, you may not see this as an ideal question. You can decide to run the business on your own. However, if you start getting more residents, then you could consider hiring specialized or PRN employees. We can show you ways to manage and minimize the cost of hiring extra staff members. 

The price rates you can charge those who will live in your assisted living facility will depend on the services you offer and  what is included in your amenities.  These rates will cover meals, room and board and the type of room allocated. Other additional fees you may charge includes entrance fees such as deposit or one month rent. In one of our modules, we show you strategies on how to make your assisted living the best choice.

The amount of profit that you will make will depend on the amenities and size of your facility. If you have a big facility with high-end amenities, you can make a decent profit, especially when your facility is fully occupied. As you operate your business, you must look for strategies for building your own unique brand and also open additional facilities once you start generating a decent income. There are also hidden opportunities that can maximize your business profit.

Yes, you should not have a limit as to which period one is supposed to stay at your facility, as you could miss out on some of the clients who may wish to stay around for a short period then come back for a longer stay. Short stays can be the best option, especially when unforeseen or planned circumstances occur for some families. For instance, when a family needs a loved one to recover from illness or the resident's family has gone for a vacation.