RAL Profitability Calculator: How Residential Assisted Living Entrepreneurs are Projecting Potential Income and Earnings Easily
Entrepreneurs are no longer in the dark when it comes to projecting future business expenses. Gene Guarino, founder of the Residential Assisted Living Academy, has introduced the RAL Profitability Calculator which is empowering using to easily calculate income and expenses prior to diving in head first.
TEMPE, Ariz., Dec. 4, 2020 /PRNewswire-PRWeb/ -- According to real estate entrepreneurs, one of the most important steps to starting a residential assisted living business is learning how to earn huge profits.
With the new RAL Profitability Calculator, potential owners and operators are adequately projecting every business expense.
"Line-by-line prompts are allowing users to enter specific information into the calculator template," founder of RAL Academy Gene Guarino explained. "Afterward, business operators and owners are generating immediate results, based on monthly and annual totals."
As a result, users are now identifying and getting precise answers to a wide range of financial questions that are specific to starting their new residential assisted living businesses.
These questions include:
- How much will be spent on expenses, i.e. utilities, staff, etc?
- What's the cost of providing food for residents?
- How much will go towards paying staff?
These legitimate questions are now being taken into consideration in order to run successful businesses and causing investors and owners to earn significant revenue.
The Profitability Calculator is helping users to answer questions and giving entrepreneurs more clarity on income potential in the residential assisted living industry.
The calculator is allowing current users to:
- Enter key information about monthly rates per bed, occupancy rate, and number of homes.
- Factor expenses that will allow owners to determine profits, whether the home has 5, 10, or 50 beds.
- See earning potential and possibilities of cash flow.
There is no need for investors to stay in the dark. The Profitability Calculator outlines every expense that an owner needs to know.
The virtual program includes 9 frequently used individual prompts for calculating income and expenses:
1. Rent
2. Water/Power/Gas
3. Internet/Cable
4. Entertainment
5. Insurance
6. Staffing
7. Marketing
8. Management
9. Food
Visit https://residentialassistedlivingacademy.com/ral-calculator/ for free access to this premiere Profitability Calculator to advance any RAL business.
Media Contact
Isabelle Guarino, Residential Assisted Living Academy, 480-363-1220, [email protected]
SOURCE Residential Assisted Living Academy
Share this article