QuickPlan® Industry Specific Business Plan Software 800-417-7017
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Based upon a Full Service Day Care Center Infant, Toddler and Pre-School, Aftercare and weekend care. Can be edited to suit any size childcare facility or learning center.The Industry
Obtaining affordable, quality child daycare, especially for children under age 5, is a major concern for many parents. The U.S. Child Care Industry has been growing steadily since the last major recession of 1990-91. According to the National Child Care Association current costs for children's care in the nation's early-childhood centers are now running in excess of $41billion annually. Demographics look good for solid growth through 2013. The number of women of childbearing age (widely considered to be ages 15 to 44) is expected to grow very slowly over this time period; however, the labor force participation rate of such women is expected to increase. As a result, the number of women in the labor force with children young enough to require child daycare will increase steadily. Also, the number of children under age 5 is expected to increase during this period. The demand for child daycare services will continue to grow. As the labor force participation of women between the ages of 16 and 44 remains high, parents of preschool and school-age children are expected to seek more daycare arrangements. As parents continue to work during weekends, evenings, and late nights, the demand will grow significantly for child daycare programs that can provide care during nontraditional hours. The Industry is tied directly to the health of the U.S. Economy and consumer disposable income. The CBO anticipates that the current recession, which started in December 2007, ended in the second quarter of 2009, making it the longest recession since World War II. Such growth compares to a 2.6% real rate of decline during 2009, the depths of the recession. The swing in performance from 2009 to 2010 was the widest since 1983, a period of 27 years. The increase in real GDP in 2010 primarily reflected positive contributions from private inventory investment, exports, personal consumption expenditures (PCE), nonresidential fixed investment, and federal government spending. Severe economic downturns often sow the seeds of robust recoveries. During a slump in economic activity, consumers defer purchases, especially for housing and durable goods, and businesses postpone capital spending and try to cut inventories. Once demand in the economy picks up, the disparity between the desired and actual stocks of capital assets and consumer durable goods widens quickly, and spending by consumers and businesses can accelerate rapidly. Although the CBO expects that the current recovery will be spurred by that dynamic, in all likelihood, the recovery will also be dampened by a number of factors. Those factors include slow wage and employment growth, high unemployment as well as a continued sluggish housing market. Current expectations by the CBO are for real GDP growth of 1.7% to as much as 2.25% in 2012 and as much as 4.1% in 2014.
Source: Congressional Budget Office Economic Projections and Revisions, Note 2014 is a conference board projection see, http://www.conference-board.org/data/usforecast.cfm
The continued rebound in GDP will also affect real disposable income growth. Real DPI increased 1.8 percent in 2010, compared with an increase of 0.5 percent in 2009. Adjusted for inflation, per-capita disposable incomes have been struggling for the past two years and are currently at about the level first achieved in November of 2007. Current expectations are for only 1/2 of 1% disposable income growth in 2013 with a solid 1.9% in 2014. Real GDP growth was approximately 2.0 percent in 2012 and current expectations by the CBOE are 1.7 percent in 2013 with the economy gaining momentum in the second half of 2013. It then assumes an average growth rate of 4.1 percent for the years of 2014 to 2017.The unemployment rate is assumed to be mostly unchanged from current levels. We do not reach “full employment” for several years, with the forecasted unemployment rate being 5.6 percent by 2017. With less uncertainty by businesses and investors as to tax policy this year and next and with rising expectations that split government in Washington will slow the explosion in government spending the economy looks poised for sustained growth as businesses and investors get back to the business of growing and expanding the bottom line. For operators just getting started this may be the best time within the business cycle to plan and open your new facility understanding that with interest rates still at all time low levels and marginal operators going out of business you will have accounted for the marginal efficiencies necessary to not only survive against the competition but to thrive as we cycle once again into economic expansion.
Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. Whether you are starting a new Day Care Center , are looking to raise additional capital to expand your currently profitable Day Care Center , or looking to evaluate and value your Center for sale, current statistics prove that you will do much better with a business plan than without. According to Dunn and Bradstreet the primary reasons for failure vary, but all of the reasons come under the category of poor planning. You are a part of one of the largest Industries in the United States and one of the most competitive in the world. Your management decisions will decide whether your Center survives or thrives in the face of increased competition. The most important benefit of a business plan is that it sets the stage for the future of your business as you want it to be positioned in the marketplace. A business plan will make it easy for your banker to take action as he/she gains insight into the details of your Company and the goals that you have outlined. Potential investors can review your plan and decide whether or not to make an investment based upon the risk. You will benefit most as you study and gain detailed insight into your own operations. Updating and constantly reviewing your plan will give you more insight as both a manager and decision maker.
TIME IS MONEY...We
have estimated that it takes an average of 100 hours to research,
and write a comprehensive business plan within any Industry.
Creating and compiling the five year financial plan and forecasts
including 5 years of budgets, income statements, balance sheets,
cash flow analysis, and key financial ratio analysis can take more
than 20 hours of work by you or your accountant. Now consider
sitting down in front of your computer to edit and fill in the
details of an already written and organized sample Day Care Center
business plan and outline. Whether you are starting a Day Care
Center are looking for expansion capital to open your second
location, or want to sell your profitable Day Care Business, you
will be able to edit this plan into your own.
The Complete plan consists of a hard copy and software files of the following ;
(PLEASE NOTE THAT WE HAVE ZEROED OUT THE ACTUAL OPERATION OF THE FINANCIALS REVIEW MATRIX , WHEN YOU PURCHASE THE PLAN IT IS COMPLETELY FILLED IN WITH THE ACTUAL OPERATION.)
Five Year Forecast Matrix (Spreadsheet File); type in your assumptions and all of the following statements are immediately calculated....47 pages;
Years 1-5 Operating Budgets
Years 1-5 Income Statements
Years 1-5 Balance Sheets
Years 1-5 Cash Flow Analysis
Years 1-5 Financial Ratio Analysis
Years 1-5 Summary Statements
Years 1-5 Break Even Analysis
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