Preparing a Creche or Preschool Business Plan

Review Question 1

Do you need a business plan for your childcare business?

➢ Yes
➢ No

Give reasons for your answer.

Many intending childcare providers have been made to

believe that writing a business plan for a childcare business
is a waste of time once the funds needed to set up the
business is available.

Review Question 2

What does a childcare business plan mean to you?

A Childcare Business Plan is a road map for your centre. It is

a clear definition of where you are going and how you will get
there.

Preparing a Childcare Business Plan serves the following

purposes:

- It forces you to define the "Mission" of your centre, your

centre's goals and your action plans to meet those goals.
- It communicates your Centre’s ideas to your investors,
clients and entire team.

- It serves as an operating tool to help you run your childcare

centre.

Review Question 3

What should be the content of a Childcare Business plan?

A childcare Business Plan is different from other Business

Plans. When writing a Childcare Business Plan, it should
contain specific details about who your centre serves,
services you offer, who your competitors are, your
marketing strategy and the financial operations of your
centre.

When you have all these documented, it becomes a tool you

work with to guide you as you grow your facility daily. You will
be able to know when you are meeting your set goals, and
when you need to re-strategize.
CONTENT OF A CHILDCARE BUSINESS PLAN

1. Cover Sheet

- Name, Address and Phone number of business.

- Name of the owners

2. Business Introduction

- History and Description of the business

- Location of the business

- Feasibility study report

- Competition

3. Business Organisation

- Operating procedures and policies

- Legal

- Insurance

- Accounting System

- Licensing and Approvals

4. Management/Operations

- Personnel/Management Team

- Employee requirements and Job descriptions

- Business operations

- Technology needs.

5. Marketing

- Describe your services

- Describe the target market for your facility

 - Identify your location

- Pricing strategies

- Promotional strategies

6. Financial

- Startup costs

- Cash flow projection

- Assumptions upon which projection were based.

- Income statement

- Balance sheet

- Break even analysis

Supporting documents

- Personal financial statement

- Licenses or other legal documents

- Resumes of all owners

- Copy of curriculum

Review Question 4:

"Without a plan, even the most brilliant business can get

lost”. How would you explain this quote?

You need to set goals, create milestones and have a strategy

in place to set yourself up for success.