We must ensure that we follow due process in setting up the business. 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 Applications for Loan from the bank: We will ensure that we target both self — paying customers who do not have Medicaid coverand those who have Medicaid cover. Our location, the business model we will be operating on, well equipped facility and our excellent customer service culture will definitely count as a strong strength for us.
We know that one of the ways of gaining approval and winning customers over is to offer our non — medical home care services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Our staff is well groomed in all aspect of non — medical home care facility services and all our employees are trained to provide customized customer service to all our residents. As a matter of fact, they are some of the best hands in the whole of Duluth — Minnesota.
In Progress Application for business license and permit: The fact that we are going to open our doors to a wide range of customers does not in any way stop us from abiding by the rules and regulations governing the home care facility industry in the United States.
Completed Opening of Corporate Bank Accounts: In Progress Purchase of Medical Equipment and vans et al: Just like any other business, one of the major threats that we are likely going to face is economic downturn and unfavorable government policies. Developmentally disabled and elderly people require assisted living services regardless of the overall economic climate.
You would need money to secure a standard residential facility big enough to accommodate the number of people you plan accommodating per time, you could need money to acquire supplies and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.
The cost of Launching a Website: The opportunities that are available to non — medical home care facilities are unlimited considering the fact that we have growing aging population and people with one form of disability or the other in the United States and we are going to position our business to make the best out of the opportunities that will be available to us in Duluth — Minnesota.
Even though our Chief Executive Officer owner has a robust experience in social work and taking care of people with disability and the aging population, we still went ahead to hire the services of business consultants that are specialized in setting up new businesses to help our organization conduct detailed SWOT analysis and to also provide professional support in helping us structure our business to indeed become a leader in the home care facility industry.
On the average, non — medical home 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. Oversees the smooth running of the daily home activities.
The key to writing a strong competitive analysis is that you do your research on the local competition. Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Our staff is well — trained to effectively service our customers and give them value for their monies. Roles and Responsibilities Chief Executive Officer: Our Competitive Advantage Aside from the competitions that exist amongst players in the non — medical home care line of business, they also compete against other home healthcare services providers such as assisted living facilities and nursing homes et al.
The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Duluth — Minnesota. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
Please note that the above projection might be lower and at the same time it might be higher. Large institutions that cater to the needs of the developmentally disabled are becoming less popular because of their cold nature.
We hired experts who have good understanding of the home 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 Minnesota.
Below is an overview of the marketing strategies and objectives of the Home Healthcare Agency. Non-Medical 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.
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. Responsible for financial forecasting and risks analysis. No doubt the Home Care Facility industry will continue to grow and become more profitable because the aging baby-boomer generation in Unites States is expected to drive increasing demand for this specialized services and care.
The trend in the industry is that, players in the industry are now flexible enough to adjust their services and facilities to attract more knowledgeable and educated residents by incorporating more technology and adapting to new markets Another trend in the industry is that, in other to make non — medical home care facilities and group home facilities more affordable for low income individuals, many states in the United States of America are enacting changes to the portion of Medicaid which can be applied to Group Home Facilities.
Currently, the economic market condition in the United States is in recession. In Progress Creating Awareness for the business both online and around the community:Looking for a free sample business plan for a medical billing, chiropractic, dental, hospital, or another health care businesses?
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However, this is a working Home care and home health professionals are typically low to moderate income women.
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Sample Business Plan: Vintage Home and Residential Care Published on May 20, This is a sample business plan written by The Startup Garage for an assisted living facility for seniors.Download