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Business Plan By: Shantinque Parker
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* Peace and Harmony Child Development Center is a business of providing services to those who need childcare assistance. This child development center is focused on the surrounding areas. As a company we will help provide a safe, fun, learning facility. We aim to please our customers. Our facility P&HCDC is exclusively fit for working parents and families with children from ages 10 months to 7. This facility is open through out the year * P&HCDC is organized to fit each child in each age group. We support the needs for your children especially with children with special needs and disabilities. Our Staff will be trained and educated with degrees and certificates in special education, education, CPR training. Our facility is insured and also each child is as well.
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* How did we start Peace and Harmony Child Development Center? In the community many people wanted a Childcare facility near home. So 5 others and I deiced to build a facility for children near home and affordable for children. We will be investing 500,000$ into the facility from books, toys, and playground equipment. This company is built off of the community. We will have a total of 15 individuals in each room, including a part time aides and full time teachers. We will have at least 35 employees including office sectaries and subs. * Our Company will bring many children around the neighborhood. Our mission is building up revenue and triple by end of the fourth year.
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* Our business is structured on a having peace and harmony with our customers. We named our child development center so it could be a easy name to establish from the rest. We researched the name to avoid conflict with our fellow competitors.
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* We have a partnership between 6 people. We each have a percentage in the company and we each have our own reasonability’s to avoid legal liabilities. He each has our own lawyers. We all believe in this business to start it, and have put this business plan together to make it possible
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* We as company have to follow by rules of having permits and licenses to move on to build the company. We will need licensing/reports, Fire safety drills and inspections, sanitation and building code reports, plumbing, gas and electrical inspection reports also. These will be a state requirement.
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* Having a business requires having several different insurances and also hiring a professional that deals with childcare insurances. The insurances that we will have to invest in as follows: accident/medical insurance for children, liability, property insurance, and workers compensation insurance. This will cost around 900$.
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* Our facility will take 500,000$ to start this business based on loans and fundraising and to be able to cover Rent, insurance, playground equipment, furnishings, toys, etc. Each of us out of the 6 people including will take out a loan of 50,000$ and the rest of the money will be from fundraising. This will cover the cost of the building, hiring, labor, materials, and supplies.
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* The company will also keep all records of spending and tuition cost. Tuition cost will be monthly for those on a payment plan. The cost per child will be 450$ every six months. Monthly expenses will range from 5,000$. * There will also be a full payment option also for the year There will also be late fees with tuition. We will accept credit cards, checks, money orders, but no cash. * The cost per child will be 450$ every six months. Monthly expenses will range from 5,000$
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Cited from Child Development Centers http://www.cdc-mi.org
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* Peace and Harmony Child Development Center will be located in a neighborhood across from an elementary school. The building will be leased out and will have 14 rooms including 4 restrooms a kitchen it will have 2 offices and have 3 rooms on 3 different floors with different age groups on each level the cost of rent will be at least 1000$ it also will need a paint job and the elevator will need to be fixed and that will cost 300$. Walkways, stairways, railings ramps will also be provided and well lighted areas will also be around the center. The renters insurance if anything happens to the building will be 100$ at the most.
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* Our services start at 6:30am-6:30pm from Monday through Friday. Early drop-off maybe consider as needed. P&HDC also provides full/part time services. We offer our services to families with children from ages 10months to 7 years. For our customers we provide food, childcare, planned activates, such as centers, which children will rotate to each activity, out door adventures such as treasure hunts, nature walks and playing on the playground equipment? Children also learn and develop socializing skills among each other and also learn small and large motor skills. * The max of children to accommodate will be 150.
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* Strategies to market P&HCDC will be Boucher’s, social networks, a website advertising our business, churches, and surrounding colleges. Our potential costumers are families big or small. We can persuade our customers to chose us by offering great starting tuition, after school programs, summer programs. Our competitors do not provide what we provide year around for children. We want to project a safe, fun and educational environment.
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* Hiring staff will be a long process due to the company needing 35 qualified candidates. The processes will also be long due to background checks, and other process as well. The positions that will be needed to fill will be: teachers, part time aides, sectaries, Director of education Board members, and janitorial. We will also be considering hiring subs as needed. There will be orientations, and training for full/part time staff. Full time will get 40 hours a week, and part time will get 25-35 hours a week. The starting Rate for full time employees with degrees will be 15.00$ and hour and part time will be 10.00$ a hour. Subs will be paid the same amount as part time staff. *
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* The center will have a fun and colorful environment filled with elements of shapes, patterns and figures. The receptionist offices will be filled with many colors a couch, chairs, table’s cabinets, and bookshelves field with information and children books and modern technology such as phones and computers. Each level will be furnish the same with the exception of different toys and books do to the different age groups. The rooms will have tables, chairs, mats, cots, and storage cabinets, coat hooks, couch, and bookcases. A computer and phone will also be provided in each classroom. Toys, books, extra blanket and pillows will also be at hand. Supplies such as paper, pencils, crayons, art supplies will also be in reach for children and teachers/part time aids.
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* The Playground equipment is a must to we will invest in 1000$ worth of play equipment including a fence around the play ground area. Furnishings such as coaches, cots, chairs tables etc., will be a grand total of 5,000 due to amount of space. Toys will be bought through a toy company and we will buy over 500$ worth of toys to accommodate the children to play with and also learning toys will also be purchased.
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* Maintaining the facility is very important especially for our customers. Employees must clean classroom areas, take out trash when needed and must recycle. We will also have on hand brooms, dustpans and vacuums for employees to use if needed. Each room will have a wastebasket and recycle container. Building maintenance and repairs are also important; anything that needs to fixed employees must fill out maintenance report and send to the office. There will be a cleaning crew to come three days out the week to clean the restrooms and classes and floors. There will also be a exterior maintenance crew to mow the lawn, water grass, pick up any trash in the building area. Also there will be equipment maintenance monthly
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* When things get out hand with parents or students or the surrounding are there will be security, parent forms, and evacuation plans incase of fires, or any other natural disaster.
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Cited from East Minster Child Development Center http://www.ecdckids.org/component/joomgallery/center- events
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Sources * Entrepreneur, P. (2011). Start Your Own Child-Care Service (3rd Edition). New York, NY, USA: Entrepreneur Press. Retrieved from http://www.ebrary.comhttp://www.ebrary.com * * Palo Alto Software. (1996-2015). Child Care Services Business Plan. In Bplans. Retrieved March 15, 2015, from http://www.bplans.com/child_day_care_services_business_plan/company_summary_fc.php http://www.bplans.com/child_day_care_services_business_plan/company_summary_fc.php * http://www.cdc-mi.org * Thompson, V. (2015). Marketing Strategies for Child Development Centers. In Chron. Retrieved from http://smallbusiness.chron.com/marketing-strategies-child-development-centers-74965.html * http://www.ecdckids.org/component/joomgallery/center-events
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