Starting a Group Home Business
Group Home can be defined as an alternative to traditional in-home foster care for children, in which children are housed in an intimate or home-like setting, in which a number of unrelated children live for varying periods of time with a single set of house parents, or with a rotating staff of trained caregivers. More specialized therapeutic or treatment group homes have specially-trained staff to assist children with emotional and behavioral difficulties. The make-up and staffing of the group home can be adapted to meet the unique needs of its residents.
The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.
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Opening a Group Home Business
The following elements should be a part of your plan, depending upon your objective, like Summary (strategy overview, strategy logic and stage of business development), Concept (product description and impact factors).
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It cannot be stressed too strongly that a good Group Home business plan is the cornerstone of successful financing. If you want investors' money, you've got to give them good reasons to buy in. The business plan is where you lay out the reasons.