A business plan provides an outline of your business, the market, and how it will be successful. It will help you get funding from investors, a bank or building society and keep you on track to make sure that you do become a sustainable business. A business plan should include the following areas:
- About you. Information about you and the business, including the organisation status.
- SWOT analysis. To show you know your strengths and what you may need to improve.
- Market. What the childcare market is like, and your competitors.
- Market research. Your research showing the need for your business and the demand you intend to meet.
- Consultation. Who you have spoken to and how you did this.
- Project proposal. What you are proposing to offer. Materials, resources (including staffing) as well as your fee structure need to be recorded here.
- Quality Assurance. Your knowledge of what good quality childcare is.
- Monitoring and evaluation. What you will monitor and evaluate.
- Equality. How you'll make sure your setting is accessible, non-discriminatory and meets the needs of everyone.
- Administration and equipment. What equipment, tools and materials you'll need to start up and keep going.
- Transport. Vehicle requirements and their costs.
- Promotion. How you will spread the word and advertise.
- Registration. The registration requirements including premises, and the costs of these.
- Costs and cash flow forecasts. Cost breakdowns of all of the areas including buildings, fixtures and fittings, insurances, recruitment, equipment.
- Skills audit. The number of staff you require for each job role and the qualifications, experience and skills they'll need to have.
- Staff operation. The hours staff will work and their pattern of working hours.
- Financial control. How you'll make and receive payments.
- The future. How you'll make sure that the setting will remain sustainable.