{"id":201267,"date":"2020-11-19T12:35:17","date_gmt":"2020-11-19T20:35:17","guid":{"rendered":"https:\/\/www.nationalfunding.com\/blog\/?p=201267"},"modified":"2020-11-19T12:35:38","modified_gmt":"2020-11-19T20:35:38","slug":"the-9-essential-components-of-a-daycare-business-plan","status":"publish","type":"post","link":"https:\/\/www.nationalfunding.com\/blog\/the-9-essential-components-of-a-daycare-business-plan\/","title":{"rendered":"The 9 Essential Components of a Daycare Business Plan"},"content":{"rendered":"

Entrepreneurs who love working with children might be wondering how to start a daycare business. Child care is a $54.6 billion industry, according to IBISWorld<\/a>, and working with kids can be a rewarding career path. But before you can open a company of your own, you’ll need a daycare business plan.<\/p>\n

Here’s how you make one.<\/p>\n

Why a Daycare Business Plan Is Important<\/h2>\n

A business plan is a blueprint for how you’ll run your operation and will help you meet your goals. If you ever need to ask for funding from a lender, you’ll absolutely need a business plan, and a good one will demonstrate the strength of your business to lenders.<\/p>\n

Business plans are living documents and should be updated as your business grows or changes. They’re as much a vision for the future as they are a plan for now, so look three to five years ahead when writing yours.<\/p>\n

What You Should Include in Your Business Plan<\/h2>\n

A business plan can follow a template \u2014 the U.S. Small Business Administration<\/a> offers several examples \u2014 but lenders don’t require you to follow a specific outline. When you write yours, use a combination of these nine sections.<\/p>\n

1. Executive Summary<\/h3>\n

The executive summary is a general overview that highlights the main points of your daycare business plan. It should include your mission statement, location, services, management team and staff, and anything unique about your child care center. While this section comes first in a business plan, it helps to write it last by summarizing the following sections into a succinct overview for potential lenders or investors.<\/p>\n

2. Company Description<\/h3>\n

This is where you detail your facility and the services you provide. There are several types of daycare businesses, such as:<\/p>\n