Thinking about opening a retirement communities and homes business? We tell you what you need to know to get started.
(article continues below)
How to Draft a Retirement Communities & Homes Company Business Plan
Your new retirement communities and homes business needs a business plan. But if you've never drafted a business plan before, the process can be intimidating.
There is nothing magical about a first-rate retirement communities and homes company business plan. Business plans are entrepreneurial roadmaps that identify destinations for growth and the routes your retirement communities and homes business will take to reach them.
Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.
As a launching point, take a look at the sample business plans other business owners have used to achieve success.
Assess the Competition
Prior to opening a retirement communities and homes business in your town, it's worthwhile to determine what the competition looks like. Try our link below to generate a list of competitors in your city. Simply enter your city, state and zip code to get a list of retirement communities and homes businesses in your town.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
If you are interested in starting a retirement communities and homes business, it's a wise move to speak with somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.
But, a person who owns a retirement communities and homes business outside of your community may be willing to share their entrepreneurial wisdom with you, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
The key question new becomes: how to find a retirement communities and homes business entrepreneur who is willing to talk to you but doesn't live nearby?
Here's how we would do it. Try the useful link below and key in a random city/state or zipcode.
How to Buy a Retirement Communities & Homes Business
At Gaebler, we're big advocates of buying a retirement communities and homes business instead of a startup. But as a retirement communities and homes business buyer, you'll quickly discover that a business purchase isn't completely hassle-free.
Buying a business can be just as complex as starting one. For most prospective business buyers, the first step is to contact a business broker.
Business brokers specialize in helping buyers locate profitable retirement communities and homes business opportunities. They are also adept at guiding you through the purchase process so you can avoid the mistakes that are commonly made by first-time retirement communities and homes business owners.
The odds of achieving your top business goals increase when you choose to franchise instead of doing it all on your own.
Before you consider starting a retirement communities and homes business, you may want to determine whether franchising might be the right move for you.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing retirement communities and homes business, try these useful resources:
If you sell to retirement communities and homes businesses, we've got better information for you elsewhere on our site. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.