Little Bear Daycare - Essay Example

There will be 8 children enrolled aged from newborn to 9 years old. The rate for our service is $4 per child per hour. At an average of 6 hours per child for 5 day weeks, our annual revenue will be approximately $48,000.SafetySafety issues that will be in place childproof locks on the cabinet and doors section of the home will be blocked off. Please, see Appendix A for a floor plan of our home.Legal We will be prepared for regular health inspections because we will employ licensed sanitation professionals.

For medical emergencies, I will contact the parents for approval to take their child to the hospital if necessary. We will maintain copies of children's medical insurance ID cards as well as vaccinations.MarketWe will market our services for school-age children before and after school. As a selling point, we will emphasize that we will pick them up from school as well as assist them with homework. According to Allison Toney, keeping an online presence is one of the keys to success (Naidu 2008).

Our main promotional avenues will be our website and Yellow Pages advertisement. ManagementAs chief executive of the enterprise, I will conduct the general business of the organization and delegate some responsibility to other levels of operations. The organization hierarchy follows:I will run the daycare business with experienced and skilled employees -- people who have relevant academic, job qualifications, and licenses. We will maintain whatever level of organization and patients puts us closest to increasing revenue and decreasing costs (Naidu 2008).

Financial AnalysisApproximate operating costs will be about $13,000. Subtract that from our revenue of $48,000 and we are left with about $35,000 per year. Following Allison Toney's paradigm for success, we will outsource skills wherever necessary to maintain smooth operation (Naidu 2008).