More companies fail due to cash flow constraints than from any other single factor. Building a financial model will help you understand the investment required to establish your geriatric care management business as well as the potential rewards and risks through the initial years of operation.
The financial model is your primary decision-making tool. To build a financial model you include revenue, expenses, and cash flow management. Once completed, the model shows you the 3-year projected profit (or loss), the amount of investment required to get the business off the ground, and the cash flow produced (or consumed) by the company
You can find one in the Handbook of Geriatric Care Management 4th
Sometimes it is helpful to get expert advice on these financial matters. The SBA has small business development centers all over the United States to help small businesses get started. Local chambers of commerce can provide information about where local small business development centers are located. The Service Corps of Retired Executives (SCORE) can also provide assistance. There are also consultants who specialize in helping geriatric care management businesses get started.