Over time, we believe that we will develop a strong reputation among the Hispanic and Latino parents, currently an under-served customer base. Referrals- Generally, the most valuable form of promotion comes from your customers.
Especially when it regards a critical decision like care for a family member. We will reinforce our value proposition of best in class quality and safety at a significant savings.
The threat of new entrants varies depending on the type of facility and services being offered. We intend to open our day care center on the west side of Gaithersburg, MD in close proximity to the affluent communities of Kentlands and Lakelands, but still within 15 minutes of Shady Grove Metro station and the historic East side neighborhoods.
In addition, a business plan can be used to show lenders why they should help you finance your business. My Day Care is poised to fill this service and price gap. We are fortunate that both Ms.
If you will have a partner, however, you will have to form a partnership. Include information about the needs of your target market and how its day care needs are currently being addressed. Case has spent her entire professional career in child care and development, and most recently was the Child Care Teacher at Gaithersburg Child Care Excellence an accredited full service day care facility from until This customer segment has already begun teaching their child advanced concepts like reading, singing, socialization, etc.
This reflects the notion that if the customer is kept happy, long-term profits are ensured. Finally, locally-owned competing centers generally lack the financial and management capital needed to acquire a successful company.
Industry Analysis In this case, we view the industry as the Gaithersburg-area day care business which we estimate serves about 4, area families.
This customer group is typically made up of two professional parents. Given its population of 65, residents and about 15, families, there is already one day care center for every families. Include details about hiring and training employees. This is our pricing baseline from which we will determine our baseline.
Funding Request Determine what you will need to start and run your business. First, a business plan may help you organize your ideas for launching your business. Customers We plan to target working families with young children in the Gaithersburg, MD area.
Company Description Create a general overview of your day care business plans. Market Needs Our research showed that there are no full-service, accredited day care centers in Gaithersburg that are locally-owned and fully bi-lingual.
Interior improvements — such as safety upgrades, lights, cameras — as well as rented furnishings should be in place by early December. Parents can opt to purchase a healthy after-school snack from the center.
With both parents working, this segment needs provisions for care of their child. The funds will primarily be used for: Vieco are highly-regarded in their field and part of a professional network of credentialed teachers who can be recruited to My Day Care Center as our growth plans are realized.
As our operations and customer base grows, we will periodically hire part-time teachers and counselors as third-party contractors in order to maintain an attractive child to teacher ratio. Marketing Research During the initial stages of the writing of the business plan, several focus groups were held to gain insight into preferences and decision making processes of the target customers.The sample business plan is taken from a website selling business plan software and is the United States spend more on entertainment than on health care or clothing." Quality family entertainment is the focus of Play Time for Kids.
The construction and Parent's day out programs 10% 1, 1, 1, 1, 1, % Total % 25, The Toddler Warehouse's marketing strategy will be based on an advertising effort as well as strategic alliances with organizations related to the care of children.
This Business Plan is the outgrowth of the Visioning Retreat held by the Hopkins House Trustees and focuses largely on development, enhancement, and expansion of the Organization’s early care and education programs.
Child Day Care Services Business Plan. Kid's Community College. Executive Summary. Executive Summary. Kid's Community College® aims to prepare its students to excel as young leaders of.
The viability of a business is measured by its long-term survival and its ability to sustain profits over a period of time. A business is able to survive when it's viable because it continues to make a. A business plan is a three to five year roadmap of your child care business.
Drafting your business plan is essential.
It will assist you with planning, preparing and operating your child.Download