DAYCARE BUSINESS PLAN

Why You Need a Business Plan

If you’re looking to start a daycare business or grow your existing one, you need a solid business plan.

This plan will help you raise funding, if needed, and plan out the growth of your daycare in order to improve your chances of success. It is a living document that can be updated annually as your company grows and changes.

Source of Funding for a Daycare Business

With regards to funding, the main sources of funding for a daycare business are bank loans and angel investors.

With regards to bank loans, a lender will want to review your daycare business plan and gain confidence that you will be able to repay your loan and interest.

To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan like this.

Such a plan will give them the confidence that you can successfully and professionally operate a business.

The second most common form of funding for a daycare is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding or, like a bank, they will give you a loan.

Putting together a good business plan for your daycare is an exciting process to help you develop and grow your childcare business into the future. If you study this business plan including all the key sections, by the time you are done, you will truly be an expert.

You will really understand the daycare industry, your competition, and your target parents. You will understand what it takes to launch your daycare business,

The N15,000 price tag shouldn’t be a problem if what you seek is value.

PDF | 21pgs.