I am doing a presentation and paper on doing a business plan to open up a senior assisted living center. This will include three separate homes purchased together, which one will be couples, one for women, and one for men. I could use direction with this part. Please include any references you use.
1. Determine the challenges faced by the business as it grows.
2. Identify how you evaluate the progress and challenges with growth.
3. Determine the two best possible strategies for the growth of your business.
The challenges faced by the business as it grows will be the requirement for more buildings to house more senior citizens. Not only should real estate be available, it should be affordable. The newly purchased housing should then be converted into homes for seniors. The challenge will be to get capital for the growth of the business. There are other challenges as well. The status of several inmates may change leading to problems. For example, the status of some persons changes to Medicaid. This means the money available to the center decreases. Also if the health status of inmates changes, extra services have to be provided. ...
The obstacles to business growth are explained in a structured manner in this response. The answer includes references used.