Assisted Living Investing

First 5 Steps When Opening An Assisted Living: A Guide To A Stress-Free Business - Ep 23

December 08, 2023 Brett Chotkevys Season 1 Episode 23
Assisted Living Investing
First 5 Steps When Opening An Assisted Living: A Guide To A Stress-Free Business - Ep 23
Show Notes

In this episode, Brett walks us through the 5 steps he takes when opening a new Assisted Living home. Brett has created a business model that gave him financial and time freedom. He practically structured his Assisted Living to be almost passive, with only working a few hours a week. However, to get to that point, that will require some work on the front end. That’s why Brett lays out the 5 steps that carry him to financial freedom.

The most important step is to first hire a good manager. By hiring a good manager, they will be able to take all the small tasks that add up and eat away at your time. Your manager can handle paperwork, emails, hiring, training, and more. By them taking these tasks, that will give you time to work on the next 4 steps to reach financial freedom. By the time you’ve done these 5 steps, you will be able to be an owner and not a slave to your business. This system has allowed Brett to do what is most important, spend time with his family.


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Intro Music by Alex_Kizenkov via Pixabay