Cathy Cress

Expert in Aging Life and Geriatric Care Management

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Small Business Failure Rate 50% – Create a Time Line Before Launch a Aging Life or Geriatric Care Management Agency

January 8, 2020

 

 

WHAT STARTS FIRST IN A STARTUP?

Wondering what you have to do to get a new aging life or geriatric care management business started? What should you do first? What next? A startup timeline tells you the steps you need to take when starting a new care management business.

YOU NEED A TIMELINE
A care management business start-up timeline is meant to remind you of the tasks you may have to perform when starting your business. – before you open your doors

Not every care management business will have to complete each step. For instance, you may decide to get a NACCM credential instead of an NASW credential or no credential at all

MORE THAN HALF OF STARTUPS FAIL IN FIRST TWO YEARS

According to the Small Business Administration (SBA), only 66 percent of small businesses will survive their first two years.

Opening a care management business takes, in aging, what we call executive skills. You have to have a

timeline with a logical order to open any business. What do you do first, second????

Do you have a timeline to open your geriatric care man agent business? You know you have to purchase client software, market, rent an office, get forms, get a website, create a brand, get a marketing database- but in what order.

Learn How to Create Your Timeline to Open plus all the Business Skills you Need to Open Your New GCM Business

Sign up for my New On-Line GCM Business Class at a very low introductory Price of $450

Skills you will learn

  • GCM marketing survey skills to pinpoint your area’s upper 10% clients and 3rd-party referrals to market to, to make your business profitable
  • GCM competitive analysis skills to set the fee per hour your market will bear for your services and to gather information from each, to position your services vs your competition’s so clients will choose you
  • GCM timeline skills to identify and list (in a manageable, doable order), major tasks to complete before you open your business
  • GCM organizational design skills to create your business flow chart and job descriptions, and outline how power flows down your staff to deliver gold standard care to clients
  • GCM business planning skills to write a 13-part business plan to create a blueprint of measurable goals for your business’s financial success
  • GCM marketing skills to create a marketing plan to develop lead sources, conduct lead generation, launch social media, and conduct content marketing to gain new customers
  • GCM sales skills to position your agency to sell your menu of services
    through benefits to 3rd parties and clients though cold calling, 1-1 sales meetings, and inquiries, by knowing how to close the sale and sign the contract
  • GCM ALCA billing skills to develop a billing system that allows you to bill 85% of your time, control your cash flow, invoice promptly to make a profit
  • GCM financial forecasting skills to develop a 3-year financial forecast Excel spreadsheet to track your basic profit and expenses, and to track the number of clients and billable hours needed to break even make a profit, pay back loans, hire new staff, and take a salary yourself

Taught through Blackboard CourseSites

  • Self-paced course
  • Tech support
  • 10 video PowerPoints
  • 10 video intros to modules
  • 1-1 coaching with Cathy Cress
  • Chat room
  • Templates to follow with each module
  • Pre-test
  • Post-test
  • Bibliography
  • Assignments with each module graded by Cathy Cress
  • Facebook group to interact with other students, Cathy Cress and 25 other ALCA GCMs who have already purchased the manual
  • Signed contract must be completed before purchase

 

 

    • SIDESTEP THE 8 OUT OF 10 ENTREPRENEURS WHO START BUSINESSES AND FAIL WITHIN THE FIRST 18 MONTHS

     

     

    Find out more in the YouTube from My Geriatric Care 1 Channel.

     

     

 

Filed Under: Aging, aging life business, Aging Life Care, aging life care manager, care manager, cash flow, GCM Start -Up, Geriatric Care Manager, nurse advocate, nurse care manager, Timeline Tagged With: aging family, aging life and geraitric care manager, aging life care manager, aging parent crisis, care manager, geriatric care management, geriatric care manager, nurse advocate, start a geriatric care manager business

Want to Make More $ Billing Aging Life-Geriatric Care Management Hours?

July 25, 2019

The financial projection may be mind-numbing to care managers who started an Aging Life or geriatric care management business with an awesome idea and a toolbox of care management skills. But beware– without the tools and skills to make money- your great idea of a private geriatric care management business may end up bankrupt.

Geriatric care managers need to understand revenue- how they make money to be financial to make a profit. Revenue does come from billing – but poor billing is very unprofitable billing. Money-losing billing is anything less than 85% of your client’s time. When you bill less than 85% you actually start losing money. Revenue is the high tide of money and is calculated by the number of client’s you serve, new client’s per month, number of clients canceling service. % of time billed (the goal is 85%) and what you charge for travel time.

Do you want you and your staff to bill more hours doing care management or aging life? Billing is not just getting more clients. You need to understand what stops you and your staff from billing 85% of their time.

Join me at my free webinar.

Learn more about both the ethical dilemma social workers and nurses have about billing- plus

8 critical financial management aging life or geriatric care managers must take to insure a profit .

 

FREE WEBINAR-

Break Through Barriers to Billing & Profit: Financial Management for GCM &Aging Life Care Managers

 

 

 

THIS WEBINAR BEGINS: Wednesday August 21 2 PM PST Ends 3:15PM PST

 

DURING THIS FREE WEBINAR YOU WILL LEARN

How to Give Your Customers Have a Commitment to Pay You

To maintain Cash Flow 

To choose the Right Billing Software  

To develop Financial Literacy  

Why You Must Bill 85%  

Understand How To Hire Care Managers Who Can Bill 85% 

Understand How to train your Staff 85%

How to Thrive financially at ALCA or GCM

 

Sign Up Here 

 

 

 

 

 

 

 

 

 

 

 

Filed Under: Aging, Blog, Geriatric Care Manager Tagged With: aging life geriatric care manager, care manager, geriatric care manager, profit, start a geriatric care manager business

Small Business Failure Rate 50% – Create a Time Line Before Launch a Aging Life or Geriatric Care Management Agency

July 1, 2016

Wondering what you have to do to get a new aging life or geriatric care management business started? What should you do first? What next? A start up timeline tells you the steps you need to take when starting a new care management business.


A care management 
business start-up timeline is meant to remind you of the tasks you may have to perform when starting your business. – before you open your doors

Not every care management business will have to complete each step. For instance, you may decide to get a NACCM credential instead of an NASW credential or no credential at all

According to Small Business Administration (SBA) nearly 66 percent of small businesses will survive their first two years.

 

Do not open your doors and then shut them because you did not do a pre-opening timeline.

Sign up now

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for my July Seminar on the 10 Steps to Launch a Profitable Aging Life or Geriatric Care Management Business

Learn How to Have a Small Business That Closes it’s Doors in two years

Low Price of $199 for 8 hour seminar that includes 6 NASW CEU’s

 

Filed Under: Aging Tagged With: aging life and geraitric care manager, geriatric care management, start a geriatric care manager business

Build a Timeline To Start a Geriatric Care Management Business

June 17, 2016

Filed Under: Aging Tagged With: care manager, eldercare business, geriatric care manager, start a geriatric care manager business

5. Starting a Geriatric Care Management Business- When Do You Buy Software?

May 3, 2016

 Even if you can’t make the time tomorrow – sign up and you will get a copy of the webinar e mailed to you.

 Join me for my free webinar  Wednesday May 4th and learn to build a timeline to launch a profitable geriatric care management business

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Filed Under: Aging Tagged With: care manager, case manager, geriatric care manager, Handbook of Geriatric Care Management 4th edition, start a geriatric care manager business

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