Final_project_Child care

Final_project_Child care - BUSN 278 BUDGETING AND...

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BUSN 278 BUDGETING AND FORECASTING DIANE JANKOWSKI DV LONG BEACH Opening My Day Care Business Help in the Development of our future leaders Oviedo Arciniega 2/10/2010 pg. 1
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Child care is the most rewarding business when you love kids, because you will contribute to development of the future leaders of our great country.
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Product: Child Care Provider A.-Executive Summary Kimmie’s Kids College aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring, and activities such as arts and crafts, dance, theatre and gymnastics, all in one location. Kimmie’s Kids College is a privately held corporation run by its owner; Socorro Arciniega. She has 23 years of Pediatric and Budgeting experience, and strategic planning. Her advanced degree (and interest) in computer science is the driving force behind our technology component. She will be supported in daily operations by an industry consultant, a campus director, and a VP of educational operations, all with extensive experience in child care fields. With inflation continuing to rise each year, the typical American family now requires dual or supplemental incomes. This trend has created a need for quality child care services. The population growth rate in Perris area of Riverside County is now over 23%, leading us to anticipate expanding market potential for this industry in our local area. Price, service, certification and reputation are critical success factors in the child care services industry. Kimmie’s Kids College will compete well in our market by offering competitive prices, high-quality child care services, and leading-edge educational programs with certified, college-educated instructors, and by maintaining an excellent reputation with parents and the community we serve. This is a daycare business plan for Kimmie’s Kids College, which will focus on two subdivisions: 'Lake Perris Hills and ‘The Villages of Avalon at Lake Perris,’ which are new upscale community developments within a 2 square mile radius, boasting over 1500 new homes. Our target customers are dual-income, middle-class families who value the quality of education and child care we provide for their children, ages 4 months to 12 years. We will open for business starting with an initial enrollment of 13 students. We project healthy revenues by the end of the first year, and expect to nearly triple that by the end of Year 3. Our biggest operating expenses will be compensation at industry standard rates for our highly-qualified personnel, and rent on our facilities, improved for our purposes during the start-up period. We would like to grow into four campuses, eventually, but growth is planned conservatively, to be financed from existing cash flow as we go. We anticipate a net profit beginning in our second year.
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This note was uploaded on 03/14/2011 for the course BUSN 319 taught by Professor Amanda andres during the Spring '11 term at DeVry Long Beach.

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Final_project_Child care - BUSN 278 BUDGETING AND...

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