A well thought out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making on a regular basis.
How will you differentiate yourself to attract students?
Developing detailed financial budgets for your daycare will guide you in the logistics of running your own business. expenditures and build in a plan for unexpected costs.
During the step-by-step process, this tool will update the status of your business plan.
Once you save your information and move to a new section in the business plan, a checkmark will appear in the numbered section menu at the top of the screen denoting when each section is complete.
You can also use your completed business plan to discuss next steps with a mentor or counselor from an SBA resource partner such as SCORE, a Small Business Development Center (SBDC) or a Women's Business Center (WBC).
Complete each section of SBA's Business Plan Tool at your own pace.
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.
You’ll need to do your research, with a focus on gaining a deep understanding of what you’ll need to successfully launch and run a daycare business.
Whether you’re a child care professional with a vision or a parent who sees a need, you’ve got your work cut out for you.
In this article, we're going to cover the six key elements of a successful daycare business plan.