• DayCare Business Plan

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DayCare Business Plan

Day Care business plan helps the entrepreneur to understand, to visualize, to plan and to identify risks even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business is evaluated and appropriate decisions are made. With inflation increasing every year, the typical Indian family now requires incomes from both husband and wife to catch up with the expenses. This has generated a need for quality child care or day care services in India. The population growth rate in India is now more than 1.2%, leading us to expect a expanding market potential for this industry, mostly in metro cities. The major success factors are price, service and reputation in this industry. Major expenses in a day care business will be like legal, license and permits, stationary, insurance, rent, playground space and equipment, toys, build outs and advertising expenses.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a daycare business plan are given below:

People

People involved in the day care business are owner or director, fulltime instructors, part time instructors and support staffs.

Process

The major part of the day care services in day care business are traditional day care methodologies and extra curriculum activities like arts, dance, gymnastics, etc. Other than the regular activities, there will be weekend special classes, planned family activities, and birthday celebrations. Apart from the core activities, there will be business activities like accounting, advertising and administrating.

Systems

Child-size tables and chairs, booster seats, high chairs and infant seats, Cribs, beds, cots, blankets and sheets for each child, Diapering area, Space to crawl, toddle, run, climb, outdoor play space, Art materials, Water and sand to scoop, old throw rugs or other absorbent floor covering, toys, including building materials such as wooden and plastic blocks, Good children's books and a quiet, cuddly place to read them, Paperback books, Games, puzzles, dolls, vehicles, Record player, tape recorder and radio, number, alphabet and color charts or cards, canister for crayons, pencils and other miscellaneous art materials.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

National Child Care Association
P.O. Box 195 Morrisville, PA 19067

National Association for Family Child Care
1743, West Alexander Street, Suite 201, Salt Lake City, Utah 84119

NC Licensed Child Care Association
3801 Lake Boone Trail, Ste 190 Raleigh, NC 27607

Family Day Care Australia
PO Box 571, GOSFORD, NSW 2250

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