Considering a group home / residential care home

I am a hospice RN and I have had a long term goal of opening a care home for the elderly. I have decided to finally open one this year. I would like any advice possible regarding income, costs, ratios, legals, and personal opinions or any other info anyone has to contribute. Thank you in advance.
You'll want to first find out the licensing requirements for personal care homes in your state.
Put your business plan together - look at start up costs so you can get a realistic picture of whether you could make a living. If you are considering this type of venture, I would advise you to contact your local Small Business Association. They have wonderful resources for very little cost - to learn the ins & outs of running a small business.