In this episode, we break down what makes an Assisted Living business successful. This allows me to pay more than the industry standard to my caregivers, make $40,000 a month, and only work a few hours a week. This is because of my Three P’s. In this episode, I talk about the Product, Process, and People that go into an Assisted Living and how these three things have helped me create the best Assisted Living business possible.
First, it all comes down to the Product. My product is a luxury assisted living mansion. We have all the care and amenities that you can get in a large smelly facility while only being 16 beds. Not only does this appeal to the family because they want their loved ones to be in a small, cozy home, but also our product helps us keep the best staff due to it being purpose-built, making their jobs easier. The next P is process. Laura and I have created multiple plug-in-play systems that keep our business operational. Because of these systems, we only have to work a few hours a week. We get new caregivers, they easily are able to be plugged into the system and know what’s going on. The final P is people, making sure you have great staff and people in your home, keeping it afloat. Watch this episode to learn more about the Three P’s and the best way to start your own Assisted Living.
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay
In this episode, we break down what makes an Assisted Living business successful. This allows me to pay more than the industry standard to my caregivers, make $40,000 a month, and only work a few hours a week. This is because of my Three P’s. In this episode, I talk about the Product, Process, and People that go into an Assisted Living and how these three things have helped me create the best Assisted Living business possible.
First, it all comes down to the Product. My product is a luxury assisted living mansion. We have all the care and amenities that you can get in a large smelly facility while only being 16 beds. Not only does this appeal to the family because they want their loved ones to be in a small, cozy home, but also our product helps us keep the best staff due to it being purpose-built, making their jobs easier. The next P is process. Laura and I have created multiple plug-in-play systems that keep our business operational. Because of these systems, we only have to work a few hours a week. We get new caregivers, they easily are able to be plugged into the system and know what’s going on. The final P is people, making sure you have great staff and people in your home, keeping it afloat. Watch this episode to learn more about the Three P’s and the best way to start your own Assisted Living.
Follow me:
Facebook: https://www.facebook.com/brett.chotkevys
Youtube: https://www.youtube.com/@Brettchotkevys1
Check out some FREE Resources HERE: https://www.memorycaremansion.com
Assisted living investing, Residential Assisted Living, small facilities, passive income, myth debunking, challenges, limitations, active involvement, owner-operators, staffing, emergencies, quality care, scalable business model, 16-bed luxury memory care mansion, informed decisions, behind-the-scenes insights, thriving niche, One and Done, Financial Freedom, Active Income, Making a Difference, Long-Term Exit Strategy, Real Estate, Retirement Planning, Memory Care Mansion, Investment Opportunities.
Intro Music by Alex_Kizenkov via Pixabay