I wanted to share one of my most requested template downloads from 2017. This is a great tool to visually show your professional staff the financial impact of filling or not filling one more unit. The premise behind this template is that once you reach a certain occupancy level, the actual cost of adding one more resident is significantly lower, therefore adding exponentially to the bottom line. This is due to sunk fixed cost already being covered. If you have 90 … Continue reading “Get Access to a Great Tool”
Net Neutrality: What it is and Why it’s so Important
I typically write about business and the senior living industry, but I decided to tackle a new subject with this blog post: net neutrality. It might seem off-topic, but it could actually have a very real impact on the senior living industry. And it definitely has the potential to affect all of us in our personal lives. I want to be upfront about the fact that I likely don’t have all the details and my knowledge might be limited in … Continue reading “Net Neutrality: What it is and Why it’s so Important”
Are you a Dunks or Starbucks?
As I was getting my morning coffee at Dunkin Donuts, I was looking around and had a stark realization. Dunks and Starbucks are both very successful business models that serve basically the same products and yet have very different environments and price points. Coming from the South I had never given it much thought, it was pretty much Starbucks with Dunks just starting to develop properties in the area. But now, after residing in the Boston area for some time, … Continue reading “Are you a Dunks or Starbucks?”