In this article, we're going to cover the six key elements of a successful daycare business plan.Writing a business plan for a daycare is a big task, but due diligence and hard work at this stage will inform the rest of the process.
In this article, we're going to cover the six key elements of a successful daycare business plan.Writing a business plan for a daycare is a big task, but due diligence and hard work at this stage will inform the rest of the process.Would your daycare business be located somewhere convenient for commuting parents? Research the existing daycare options in your community.
First of all, we’ll go through a step-by-step process of starting a daycare business, from assessing the need for the service to conveying a relevant startup idea and running up to the opening day.
By clicking the green button below, you’ll find a daycare business plan financial model Excel template available for download, which will most likely become the cornerstone of your future successes.
Depending on the type and size of your daycare center, you’ll need insurance policies of several different types, including liability, property, workers’ compensation, and business insurance. and fingerprinting, and be sure to rigorously verify references and education levels.
You’ll also want to develop a disaster or crisis management plan and health, safety, privacy, and nutrition protocols, all under the guidance of your local licensing requirements.
The exercise of detailing out exactly what child care services you’re offering will help you shape a clear plan for your daycare business.
You might want to write some goals or even a mission statement, outlining your daycare or child care center's purpose and motivation.
A smart marketing plan is the key to attracting customers.
Decide what type of advertising will put you in front of potential customers.
If you’re in California, the Child Care Resource and Renewal Network should have all the info you need.
Start with the basics--what are you planning to do with you new daycare business?