How to Get Funding for Startups: Business Consulting Senior Living  

The healthcare industry is ripe with opportunities for innovative startups. However, getting funding for startups to bring these ideas to life can be a daunting task. 

One such example is The 3rd Group, a group of passionate individuals who aspired to establish a new senior living center. They faced significant challenges in navigating the complex regulatory landscape and securing the necessary startup funding. 

The Challenge 

The 3rd Group, a group of four passionate entrepreneurs, aspired to establish a new senior living center when they noticed a lack of late-life care in their community. Fueled by passion and a business launch dream, these entrepreneurs came upon some significant roadblocks when it came to navigating the complex regulatory landscape, getting funding for their startup, and developing efficient operational strategies. 

The Solution 

Omni Resources stepped in to provide comprehensive business consulting services tailored to their specific needs. Our team of business formation experts guided them through the process of choosing and forming an LLC to optimize their business structure and minimize tax liabilities with our small business tax strategy. Forming an entity also offers limited liability protection, which is a perk many businesses in the adult care and healthcare industry need to rely on in the case of litigation. 

We also developed a robust financial plan, which included securing the necessary funding for their startup. Grants and loans are often strong startup funding options when launching a new assisted living facility, and our financing partners have provided excellent guidance in this regard. We helped The 3rd Group set up their business bank accounts as well, which protects their personal assets and makes tracking the business’s finances more manageable. 

The Results 

With Omni Resources’ guidance, The 3rd Group is well-positioned to launch a successful senior living center. They have established a strong legal foundation, secured adequate funding for startups, ensured regulatory compliance, and implemented efficient operations. By partnering with Omni Resources, The 3rd Group has gained the confidence and expertise needed to make a significant impact on the lives of seniors.