Business Plan For Daycare

Business Plan For Daycare-90
For example, if the area around your future daycare center has 3,000 kids under five-years-old and only two daycare centers serving them, you’re in good shape.In writing your company description, make sure to pay special attention to what sets you apart.It serves as a cornerstone of your vision as you move forward.

For example, if the area around your future daycare center has 3,000 kids under five-years-old and only two daycare centers serving them, you’re in good shape.In writing your company description, make sure to pay special attention to what sets you apart.It serves as a cornerstone of your vision as you move forward.

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Take an average daycare center in a city that has, say, 100 kids enrolled.

If you’re in a neighborhood that has 2,000 kids you still have room for a few daycare centers to serve demand, assuming around 10 percent to 20 percent of parents will enroll their kids in daycare.

Also, aim for using at least 60 percent to 80 percent of your daycare center on classroom size.

Other square footage will be used for office space, hallways, required sinks, foyer, and so on, but you want to be using at least 60 percent for classrooms because that’s where you make your money.

Make sure to find out if it is a gross or net rate.

How many kids are in your daycare center’s neighborhood and how many daycare centers already exist to serve them?Pay special attention to the obvious: What is the square-foot-per-child requirement in your town, city, and state, and what is the price-per-square-foot of the daycare center you plan to lease?These two facts are absolutely key to putting together a solid business plan.Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care.In addition to analyzing your market, note your pricing structure, gross margin levels, and other nuts and bolts of your business model.First of all, start with a description of your daycare center.You want to review all the different components of your business model. Write about the market and how you’re fulfilling demand.Maybe it’s your prime location, your previous experience starting or helping start a daycare center, connections with top-notch staff willing to work for your daycare center, or other unique tools or services you can offer that distinguish you from your competition. Study statistics of the childcare industry: how big is it?How much do economists and experts project that it will grow in the next five years? Using some of the information from real estate websites can be a good approach, like I mentioned above.Projected enrollment growth and market demand can also be tricky to estimate.From knowing your competition to picking the right place to establish your daycare center, there are a lot of lessons to be learned.

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