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Hi, need to submit a 1500 words paper on the topic Business Plan for a Day-Care Institution.
Hi, need to submit a 1500 words paper on the topic Business Plan for a Day-Care Institution. With the rate of inflammation increasing each year, the typical American family requires a supplemental income. This drift has created a need for better childcare services. The increasing population growth rate in the surrounding areas of the Riverview area of Hillsborough County is reading 14.6%, raising our anticipation to expand our market in our local area. Certification, price, service, and reputation are acute success factors in the child care services industry. Therefore, kid’s care community college will strongly compete in our market by offering high-quality child care services, competitive prices and providing educational programs with certified, highly educated instructors and by maintaining an excellent reputation with the community we serve.
Our daycare industry which will focus on two subdivisions: ‘Mary Claire’ and ‘St. Albert’s’. They are new fashionable community development within a 10-square mile radius, catering to over 700 homes. Our target customers are focused on two customer segments. the first is full time working parents. This group is estimated to account for 80% of the business. The group is growing at the rate of 25% and estimated 100 potential customers within an 8-mile radius are recorded. The second group is the drop in customers who use the college periodically when a need arises. This group is growing at 20% and there are over 50 potential families. And we, therefore, target double-income, middle-class families who value the quality of child care we provide for their infants and the quality of education. The children should be from 4 months to 12 years of age.
We will start a business with an initial enrollment of 20 children. We are targeting healthier revenues at the end of the first year and expect triple revenue at the end of the third year. Our largest expense compensation will be experienced in renting our facilities, payment of our highly qualified personnel which will be felt during the start-up period. We are anticipating to grow into four more campuses eventually but growth is planned predictably, which will be financed by the existing cash flow as time goes on.
