It serves as a cornerstone of your vision as you move forward.You want to put a lot of thought and solid analysis into your daycare center business plan, because it will more than pay off in the end.
It serves as a cornerstone of your vision as you move forward.Tags: Paradox Antithesis JuxtapositionPower Of Individual EssayHarvard DissertationsSingle Parent Household EssaysIf A College Essay Is Optional Should I Do ItGolf Club Business PlanCase Studies On Advertising And Sales PromotionNonverbal Communication Research Paper
Let’s use the example that you need 35-square-feet for every kid in a classroom up to a max classroom size of 20.
That means you need a classroom of at least 700-square-feet (20 multiplied by 35).
Another thing to watch out for with monthly rent is all the added costs.
Say your price is $20 per square-foot and your building is 5,000 square-feet. Divide that by 12 to get your monthly rent: $8,333.
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.
For detailed information on the size of your primary market, there are helpful resources such as this market research guide from the US Small Business Administration. For example, is the median age of your daycare center’s neighborhood quite young or more elderly? Note down how your daycare is going to help these different kinds of parents.
Also, keep in mind other factors: Are you in an area with large amounts of seasonal work where the workforce and population shrinks during winter or grows massively during summer?
Will you offer discounts, or accept government-subsidized or reduced payments from lower-income parents? For detailed information on the size of your primary market, there are helpful resources, such as this guide from IBISWorld.
This insightful article from Forbes is also a good resource, and notes that the U. Bureau of Labor Statistics expects daycare to be one of the fastest growing industries in the next few years.