Business Plan For Group Home

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Pay any registration fees necessary and obtain a federal employer identification number from the IRS.

With these, you will then be able to apply for the license as a legitimate business entity.

The operations manual should be an addendum to your business plan.

It describes daily core processes that include intake of new residents, daily schedules, administration and storage of medication.

Group homes serve unrelated individuals who receive some level of personal or medical care in the facility.

Business Plan For Group Home

Whether services include medical, psychiatric or personal care assistance, group homes allow people to live with a level of autonomy while still having resources available if and when needed.

As with any small business, getting a group home up and running requires a significant investment.

Providers who pursue sale-leaseback financing can capture the full market value of their real estate and use these funds to fuel their growth.

For elderly group homes, seek licensing specifics from your state's department of aging and disability services.

A group home for individuals suffering from autism, Down syndrome and other severe developmental conditions is licensed through the state department of developmental services.

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