Yet Another Reason For Being In The Group Home and Care Home Business

Today, we are going to simply review some statistics about the United States as well as some additional important points on how to start a residential group home and how to keep your business running profitably.

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You Need Situational Adaptability With Group Homes

I can’t stress how important situational adaptability is for group home entrepreneurs. The ability to see that your plan does not fit the current situation, and a minor pivot is called for in order to resolve the issue. Unfortunately, we have this beaten out of us by the school system because we are so used to stick to the guidelines and throwing away all of our creativity that we forget we can always find a way.

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Who are some of the larger group home, transitional living home and sober home operators?

The Narco Freedom is the number one outpatient sober home and substance abuse recovery home in the new york area.  As a matter of fact, according to tax returns, Narco Freedom had revenue of $46,700,000 in 2011. What are the profit margins? We don’t have access to that information, but 20% – 50% is not uncommon.

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BABY BOOMER NICHE CREATES UNBELIEVABLE OPPORTUNITY FOR CARE HOMES AND GROUP HOMES

BABY BOOMER NICHE CREATES UNBELIEVABLE OPPORTUNITY FOR CARE HOMES AND GROUP HOMES

This lady needs an affordable place to live! Why? Because she can no longer afford her apartment and miscellaneous costs which average over $2,000 per month.

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Start The Group Home Journey With Why

Simon Sinek has a wonderful book and Ted Talk on the importance of starting with why. This topic is extremely relevant when it comes to running a successful Group Home Business. You probably have a clear idea of what you want to do with your business, and you are on our site learning how, but the piece that is often forgotten is the “why”. We want to make sure that your why is front and center.

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If You Can’t Get Passed Rejection Quit Now

No one goes on to succeed without first passing through strong rejection. No one is exempted to this rule. You have a dream of starting a group home. You can picture all the people you are helping and all of the money you are making but do you understand what it takes to get there? Do you know that nothing great comes easy? Well, it is time you fight for what you want. The reason why few people create the life they want is because they stop fighting. They stop putting in the work because someone told them no. Anyone who decides to start a group home runs into this issue.

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The No Nonsense Approach To Building Wealth

The problem with money is that our society often thinks of it all wrong. It is hard to learn the truth because we often learn from our parents and they learn from their parents, and the school system has no interest in helping us learn about money either. Moreover, everyone around us is selling an idea about money that rich people simply don’t follow. Wealth is built on an entirely different set of rules than what society typically follows.

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