The document provides tips for opening a residential care facility for elders. It discusses doing research on market needs as the baby boomer generation ages, being committed to caring for residents, creating a business plan outlining expectations and services offered, complying with state and local licensing requirements, finding an appropriately zoned location, and modifying the facility to be senior-friendly. Key steps include evaluating market demand, developing a mission statement, investigating licensing and certification requirements, and ensuring the facility meets health and safety standards.