In this chapter, we’re going to discuss what everything costs to get to today. We’re gonna break down what you spent over the last couple of months, as well as how much you’re gonna pay for your employees that are actively making you money. Remember, you’ve not yet made a dime. As a matter of fact, with each hour worked, there’s an overhead responsibility that you, young entrepreneur, are going to be responsible for.
You’ll see in the accompanying video how much your overhead might be (we use $5,000 hypothetically) and how long it would take for you to get your $5,000 back if you’re working and paying one employee. Of course, the numbers in your situation may go up. You may have 3,4, or 5 caregivers working at one particular time, and you’re paying them for 35 hours of work each week. How does the financials look then?
That’s where the math comes in. You’ll have to be disciplined about this. If you carefully sketch out the numbers and stick to a budget, you can make a lot of money as a home healthcare entrepreneur. If you’re not watching the dollars closely, you might get squashed like a grape. Watch the clip for more insights!
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