Make sure to find out if it is a gross or net rate.How many kids are in your daycare center’s neighborhood and how many daycare centers already exist to serve them?Tags: Conceptual Framework Example Research PaperMath Solving Problems ExamplesPencil Writing On PaperRoman Empire Decline And Fall EssayEid Ul Adha Festival EssaySolving Word Problems WorksheetsEssay About FacebookGrade Listhesis
Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care.
In addition to analyzing your market, note your pricing structure, gross margin levels, and other nuts and bolts of your business model.
This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. Write down particular statistics and characteristics of the neighborhood where you’ll locate your daycare center that make your center uniquely promising.
Real estate sites like Loopnet and Zillow often provide helpful demographic analyses of neighborhoods; the most in-depth info is usually on commercial properties.
For detailed information on the size of your primary market, there are helpful resources such as this market research guide from the US Small Business Administration. For example, is the median age of your daycare center’s neighborhood quite young or more elderly? Note down how your daycare is going to help these different kinds of parents.
Also, keep in mind other factors: Are you in an area with large amounts of seasonal work where the workforce and population shrinks during winter or grows massively during summer?
For example, if the area around your future daycare center has 3,000 kids under five-years-old and only two daycare centers serving them, you’re in good shape.
In writing your company description, make sure to pay special attention to what sets you apart.
Another thing to watch out for with monthly rent is all the added costs.
Say your price is per square-foot and your building is 5,000 square-feet. Divide that by 12 to get your monthly rent: ,333.