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Little Bear Day Care Business Plan - Assignment Example

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Summary
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.
We will be prepared for regular health inspections because we will employ a license sanitation professional…
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Little Bear Day Care Business Plan
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Little Bear Day Care Business Plan Table of Contents Little Bear Day Care Business Plan Table of Contents 2 3 Ownership 3 General Information 3
Market 3
Management 4
Financial Analysis 4
Appendix A: Floor Plan 6
6

Name
The business will be known as "Little Bear Daycare."
Ownership
The business will exist as a limited liability company. Thus we can take advantage of some of the tax breaks offered to corporations without having to follow all of the formalities.
General Information
The purpose of the business is a child care center that will provide services to the Anytown residential, commercial, and industrial community located within a three- mile radius of our home.
Mission Statement
Our mission is to provide the most convenient, effective daycare service to families in our area.
Revenue
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.
Safety
Safety issues that will be in place child proof locks on 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 a license sanitation professional. For medical emergencies, I will contact the parents for approval to take their child to hospital if necessary. We will maintain copies of children medical insurance ID cards as well as vaccinations.
Market
We 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.
Management
As 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 Analysis
Approximate 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).
References

Naidu, S. (2008, September 8). Meet Allison Toney. Retrieved March 1, 2009, from http://www.dotcommothers.com/day-care-business-idea/.

Appendix A: Floor Plan Read More
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