Nursery Business Plan

Market Strategy Little Angels Nursery Daycare Center’s program is currently being publicized to the community at two levels, i.e. the state level and the local level. Prince Mohammed University in Khobar has a link in its website that has information with regard to Little Angels Nursery Daycare program (Pride, Hughes, Kapoor, 2012). This information can be accessed by interested parents who want to bring their children on board.Advertising We will write a custom term paper sample on Nursery Business Plan specifically for you for only $16.05 $11/page Learn More The information on the link includes the list of services or programs that are offered by the daycare; in addition, a list of frequently asked questions is also included in the information. Apart from the link on Prince Mohammed University’s website, Little Angels Nursery Daycare Center also uses brochures or flyers as a way of advertising itself to the interested parents. Marketing of the nursery daycare aims at creating more awareness to the parents through advertisement and campaigns. In addition, the marketing strategies seek to increase the number of admitted children into the program. Nonetheless, marketing is very beneficial as it seeks to inform the target audience about the salient features of the nursery daycare programs and the competitive advantages; this will help in erasing all the doubts that the parents may be having with regard to the programs and services offered. The entire staff members of Little Angels Nursery Daycare Center have been efficiently trained and they know their roles with regard to the marketing strategies of the organization (Madura, 2007). Children from poor families are often signed up through family support staff. The family support staff members have a role to play in terms of advertising the nursery daycare’s programs and service to the poor parents and advising them on their qualifications and the procedure for ap plying for the child care programs. Management Little Angels Nursery Daycare Center will adopt a ‘Management by Objectives’ approach, whereby it will develop committed employees who are aware of their roles and services and also the mission and vision of the institution. Therefore, the employees will be motivated to work hard with the aim of achieving the mission and objective of the institution.Advertising Looking for term paper on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More This management approach sets out SMART (Specific, Measurable, Achievable, Relevant and Time bound) objectives to the employees and it will also improve on communication and coordination; thus, feedbacks will be received constantly. The management style will also provide for constant participation of all the employees as they will be required to take part in setting the targets or goals to be achieved by the institution; thus, a person will not feel left out or overlooked. The members of staff will be so attached to the values of the institution which will make them have a strong organizational culture. This is because the values are so precise and they will have no difficulty in embracing them. The management will be strong and efficient and will provide for quality leadership. No employee will be more equal than the other, thus they will all be treated equally and fairly with much respect. The directors will all be available and reachable. The employees will be committed to their work and they will strive to maintain the values and the morals of the institution at all times. This management style will be more beneficial to the parents who intend to have more than one child on the program. This is due to the fact that, when the parents have a busy schedule, they will always resort to nursery daycare centers that offer services for extended hour. With this kind of management style in place, the parents will not fe ar to leave their children for long hours in the nursery daycare. Little Angels Nursery Daycare Center intends to recruit qualified and able teachers to spearhead the programs in the facility. With this regard, the amount of remunerations that the teachers will be offered will match the ones offered to the public school teachers. In addition, the teachers will be remunerated as per their levels of teaching experience and as per their contributions and effectiveness to the nursery daycare; therefore, their salaries are not expected to be the same all through. An attractive salary package is aimed at attracting the best teaching talent in the field and this too has a positive effect on the nursery daycare’s success.Advertising We will write a custom term paper sample on Nursery Business Plan specifically for you for only $16.05 $11/page Learn More Financial Sources and Uses Presently, there are two main flows of funds into Little Angels Nursery Day care Center. The first flow of funds is through the State Aid program. The other flow of funds is through Financial Grants. The State Aid program funds a major part of the institution, about 60 percent. The other remaining bit is funded through Financial Grants. The State Aid funds are used to meet the cost of paying the teachers their salaries and other benefits and the cost of building or renovating the classrooms. The Financial Grant funds are used to meet the cost of transporting materials into the nursery daycare, the cost of maintaining the premises and the costs of paying overtime work to the teachers. There are various conditions for a nursery daycare center to qualify to access the Financial Grant programs. One of the conditions is for the nursery daycare center to demonstrate that their projects are viable and committed toward the well being of the institution. There are a team of auditors and supervisors in place to make sure that the funds are efficiently used and are no t misappropriated in any way. The other remaining source of finance for Little Angels Nursery Daycare Center is through fees paid by the parents for the upkeep of their children within the institution. These funds are actually used for purchasing books and other learning materials for the children. In addition, the funds are also used to buy sporting equipments to be used for the physical development of the children. Academic and social trips are also financed by the funds collected from the fees paid by the parents. A summary of the financial sources is in the table below. Little Angels Nursery Daycare Center, Full-day Nursery and Daycare Center Advertising Looking for term paper on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More Budgeting Process A budget process entails how an organization constructs and endorses a budget. Budgeting is a long process as it entails distributing expenditure equivalently among the various departments or sectors of the organization. In budgeting, capital is apportioned in a manner that enables the organization to achieve its financial objectives. In Little Angels Nursery Daycare Center, budgeting is set up to cover all the financial shortcomings and also prepare the organization to meet the future investment plans in a focused manner. The practicability of budgeting is in line with the long term strategic plans of the organization. When budgeting is done in an appropriate manner, all the financial goals of the company will be captured. The budget guides the organization to accomplish investment plans since only relevant items are included in the budget. Just like many organizations, the budgeting process in Little Angels Nursery Daycare Center is initiated from the Finance Dep artment. The Finance Department designs spreadsheets that aim at guiding the departmental head to put in order a good quality budget. After the Finance Department has designed the spreadsheets, the Daycare Administrator sits in a meeting with the various departmental heads, who submit their budget estimates for the next financial year. After that, the Finance Department works out the cost estimates of the various proposals submitted by the departmental heads as they prepare the budget. After the budget is completed, it is forwarded to the hospital administrator and other top managers for evaluation and endorsement. The last stage of the budget process is the approval of the budget. The Daycare Administrator agrees to the request by the Finance Department concerning the list of expenditures proposed. Budgeting plays a very vital role in the organization as it sets out economic objectives to steer the organization forward. The budget has to be endorsed by the administration before bei ng implemented. Different departments have different needs; therefore, the budget is not the same for each department. A proper budgeting ensures that the organization’s goals and policies are preserved and maintained. This is beneficial to the organization since the nursery daycare is viewed by the society as to be playing a major role in safeguarding the welfare of the little children in the society. Management of the funds Little Angels Nursery Daycare will come up with a funds management process that will scrutinize the budgets and proposals and ensure that there is proper allocation of the funds to the various sectors of the institution. It will be required that before any funds are disbursed, a full application form is filled and it will have to be approved by the relevant committee in charge. Only urgent and relevant budget proposals will be approved by the committee. The committee will ensure that the funds are properly allocated and managed so as to avoid any misappr opriations. A proper audit team will be in place to counter check the management of the funds. The auditors will have to make a report at the end of every financial year of the institution so as the measure the progress of the nursery daycare by comparing it to the previous year’s results. When the funds are properly managed, the daycare will be in a good position to attract more Financial Grants and State Aid programs. Monitoring and Accountability Little Angels Nursery Daycare Center is expected to be strict when it comes to handling of its financial resources. The funds flow directly into the institution and all financial decisions are made by the management of the institution. It is, therefore, imperative upon the management to come up with a proper monitoring and evaluation program to oversee the management of the funds and to ensure that the audit team performs an efficient and satisfactory work. A proper monitoring and evaluation program will keep the institution on it s toes and will further boost the confidence and the faith that the parents have with regard to the daycare. When this happens, many more children will be admitted to Little Angels Nursery Daycare Center and in the process the flow of funds into the institution will rapidly rise. The monitoring and evaluation process will ensure that the financial management of the institution is in compliance with the stipulated regulation framework. With this regard, the monitoring and evaluation team will conduct longitudinal surveys in order to assess the social responses of the children in the Little Angels Nursery Daycare Center. The outcome of the survey will put the institution in a good position to make recommendations as per the needs of the children. In addition, the outcome of the survey will reveal the shortcomings of the institution and further help with the planning process so that the institution can move forward and maintain a positive track record. Conclusion Little Angels Nursery Daycare Center aims at becoming the leading nursery daycare center in the region. As well stipulated in the mission statement which fosters a full-time safe and fun environment for the children of the university staff and children of the students; the staff members are very qualified to provide a favorable environment for the development of the children. The goals of the institution are in line with the mission and they aim at promoting the children’s social and physical development through a combination of indoor and outdoor activities. The daycare will come up with an efficient marketing strategy and an elaborate management system in order to oversee the development of the organization. The budgeting process is done internally and efficiently. Budgeting plays a crucial role toward the financial planning of the institution, thus, a well planned monitoring and evaluation team will ensure that all protocols are given maximum consideration. References Madura, J. (2007). Introdu ction to business. Mason, OH: Thompson/South-Western. Pride, W. M., Hughes, R. J., Kapoor, J. R. (2012). Business. Mason, OH: South-Western/Cengage Learning. This term paper on Nursery Business Plan was written and submitted by user Bobby B. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Nursery Business Plan Executive Summary The business plan is on the baby care service industry targeting the children of the PMU University in Khobar. It is a partnership business with five members were capital will be individually contributed. It will provide the baby care services to babies of the age 0-5 years.Advertising We will write a custom term paper sample on Nursery Business Plan specifically for you for only $16.05 $11/page Learn More The mission of the Little Angels Nursery Daycare Center is to provide full-time services and fun environment to the children of the university staff and students. This will be achieved through putting clients’ needs first and offer of quality services. The services provided will be distributed along the different age groups (0-1, 1-2, 2-3, and 3-5 years). General description The business enterprise will be in the baby care industry where baby care services will be provided to the children of age zero to five years. The business enterprise will be named The Little Angels Nursery Daycare Center. It will target the children of the staff at PMU University in Khobar and those of the students who are mostly foreigners. The business enterprise is a Partnership Company that will be co-owned by five members. The strength of the company is that it will have skilled employees and administration that would ensure that all the goals and objectives are achieved. It will be funded through partnership contribution who will also act as the administrators. Mission statement The focus of the little angles nursery daycare center is to provide a full-time safe and fun environment for the children of our university staff and students. Moreover, our qualified faculty will provide a respectful treatment and a rich learning process which promotes each child’s social, physical and emotional development. Company goals The goal of the Little Angels Nursery Daycare Center is to create a safe environment in a friendly homelike atmosphere for children of ages between 0-5 years. Objectives The objectives of Little Angels Nursery Daycare Center are:Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More To determine the value of play in children’s learning and development processes. To have a combined environment by sharing information and building a relationship with the parents. To promote children’s social and physical development through the combination of indoor and outdoor activities To build self-esteem and confidence personalities among the children Keys to Success Put the needs of our clients first as we belief in customer satisfaction through quality services. Company Profile The Company Ownership is a co-owned enterprise with five members. After seeing the need to take care of young children, the members have partnered forming The Little Angles Nursery Daycare Center. The reason why partners hip was chosen was based on the issue of raising adequate startup capital. Each member will be a general partner meaning they shall be active on day to day activities (Pride, Hughes, Kapoor, 2012). They also wanted to take advantage of the different members’ educational backgrounds, skills, and experiences for effective running of the institution. Advantages of a business partnership are that is allows members to share responsibilities based on their skills, and raise adequate capital. In addition, it offers varied and diverse decisions which are essential for business running (Madura, 2007). In case of any losses, the partners usually share them equally (Madura, 2007). Start-up Plan Each of the members will contribute equal amount of capital for leasing the housing facilities and running the business enterprise. Depending on their different skills and educational backgrounds, each member will undertake their field of interest and specialty to encourage division of labor and specialization. Benefits, salaries, bonuses, and profits will be equally shared among the partners. The company will hire specialized baby care takers whom are mostly mothers. Willing employees of The Little Angles Nursery Daycare Center will undergo health screening as well as educational training catered by the business. This is aimed at increasing the competitive advantage of the company by offering quality service. Company Locations and Facilities The Little Angles Nursery Daycare Center will be located at the PMU University in Khobar. The business enterprise targets children of the university staff as well as those of the university students. The children being taken care of are of the age zero to five years old. The Little Angels Nursery Daycare Center will provide educational and physical facilities to help promote each child’s social, physical and emotional development. Different rooms will be available to cater for the different children age groups at different age groups. Products and Services Services and Service Description The Little Angles Nursery Daycare Center located at the PMU University in Khobar will provide recreational, physical and educational facilities to the children of ages between 0-5. These are the children of the University staffs who reside within the premises of the educational facility as well as those of the students. The services provided in the little angles and nursery and daycare will depend on the age limits as children of different ages require different services as advised in BTEC First Children’s Care, Learning and Development.Advertising We will write a custom term paper sample on Nursery Business Plan specifically for you for only $16.05 $11/page Learn More 0-1 years This is a tender age group that will be taken care of by the Little Angels’ Nursery Daycare Center. Children at this stage require a lot of attention and care (Understanding children’s develop ment, n. d., Para. 4). There rooms will be homely with soft furnishing, duvets, cushions and nursery furniture like baby walkers. The rooms will be well colored with scattered toys around the children’s bedrooms and others hanging on the ceiling. The employed staff will be responsible for holding and talking to the babies. To ensure that the children get the best services, the ratio of baby care staff will be one to three. The work system will ensure that each child familiarizes with their ‘nanny’. The staff members of the Little Angels’ Nursery Daycare Center are well trained and most of them will be mothers themselves. Since the nursery and baby care is located within the learning institution, parents will be allowed to check on their babies anytime for assurance purposes. They will also be allowed to call in anytime to check up on their children welfare. Other services offered include settling in period which is of about one to two weeks that would allo w the baby to familiarize with the new environmental condition and our staff. At the end of the day when the parents will be collecting their babies, they will be offered with a daily operational sheet showing the following: The activities the child has enjoyed and done on that particular day. The number of nappies or pampers used in that day. The condition of the baby physically and social wise. The food calories taken and the liters of water taken. When the child reaches one year will be moved to the adjacent rooms that hosts toddlers of ages of between 12 to 24 months. However, the moving up will depend on the child’s development abilities like mobility. It will also depend on the child’s needs as well as their health and socializing abilities. The child will be familiarized with the rooms before being moved. 1-2 years The children under this age bracket require a lot of care and attention as they are on development stages (Understanding children’s develo pment, n. d., Para. 5). The toddlers will be provided with a range of collections for investigative, exploratory, and learning purposes. The place will be stimulating as the child will be developing emotionally and physically. The toddlers will be taught and encouraged on how to paint, draw, solve some jigsaws, and other engaging activities that will stimulate their brain development. This will definitely promote the personal development, social skills, and promote independent learning. The toddlers in Little Angels’ Nursery Daycare Center will be allowed to rest for two hours and can sleep on available mats.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The developmental needs of the child will be taken into considerations by the use of both outdoor and indoor physical and learning environment. The ratio still remains one to three as the needs of the children are almost the same as those of zero to one year. The toddlers socializing skills will be developed as they will be encouraged to share and play with other toddlers. They will be grouped in teams and encouraged to share their toys and other materials. At the end of the day the toddlers will be issued with a worksheet with the following: The progress of the child socially, emotionally and physically. Food calories taken and amount of water. The child’s emotional and learning abilities. Before the child is moved to a pre-school, the parent shall be engaged in a discussion where advice shall be availed to the parents. 2-3 Years The children at this age group will be on a preparatory transition to join the other older groups. With their ability to move around, talk, and understand, the ratio of staff member to child be increased from one to three to one to four. They will be taught how to write, draw, and paint. They will be encouraged to socialize so as to develop socialization skills as well as relationships with their staff and other children. They will also be encouraged to mingle with other experienced big groups. They children will be prepared for transition period from a toddler to a more experienced child. More physical activities and exercises will be encouraged to develop the child physical and mental capabilities. Parents will be encouraged to call anytime during the day to check up on their children for reassurance purposes. The children rooms will be filled sand, water, music, and a home corner. This would encourage them play with real environmental facilities as they familiarize themselves with the surroundings. At the end of the day the parents will be provided with a chart with following; Socializing abilities and any antisocial b ehavior that the parent would like to know. The physical, emotional, and social developments of the child. Food calories taken and health progress of the child. 3-5 Years This age group consists of children who can talk, walk, play, and understand (Understanding children’s development, n. d., Para. 6). The ration of this age group is usually one staff to eight children. The staff have been trained in EYDCP (early year’s development childcare partnership) and equipped with any other required skills. The rooms will be well decorated for the children with more learning materials rather than mere drawings. This is to stimulate their mental capabilities, reason and understanding. The children will be provided with wide range of activities and resources and they include; Water and sand Music Science area Small World toys Book corner Construction area Art Craft area Outdoor play Math’s area Writing table Role Play area Other services provided are Child preparati on to the challenges faced in an infant school Little Angels’ Nursery Daycare Center will offer a safe, play tested, and happy environment for the child where they will learn to gain independence and socialize beyond the family setting. Prepare the child for the first stage in elementary school. Identify the child special problems if any through continual observations and assessments. This would allow the parents know the problems and rectify them before the child joins elementary schools. Children will be trained for daily routines and responsibilities. The children will be encouraged to be independent, develop communication and social skills and the act of sharing. Parents will be provided with necessary information that pertains to the elementary schools for first graders around the University. Competitive Comparison Since the business is the first of its kind around the institution and town, no competition is expected in the short term. However, competition may be experi enced in the next five years if other nursery and baby care institution mushroom. For the mean time, the company will be experiencing a monopoly as well as operate as price takers. Future facilities and services The enterprise will expand its facilities and increase its employees as the number of clients children increase. This will ensure that every child necessity is taken care of. It will also put on more play facilities like swings, sliding rails, and bouncing castles among others. Industry Analysis The baby care industry is a new concept in Saudi Arabia with little players as most of the mothers are housewives. This means no competitors around the university and its environs thus the need to establish one around the area. The other aspect of the industry is that it’s a growing one that will be faced with emergent competitors in the near future. However, the business enterprise with create a brand name and put into place strategic plans that would play as competitive adva ntage in the near future. Reference List Madura, J. (2007).  Introduction to business. Mason, OH: Thompson/South-Western Pride, W. M., Hughes, R. J., Kapoor, J. R. (2012).Business. Mason, OH: South-Western/Cengage Learning. Understanding children’s development (.n. d.). BTEC First Children’s Care, Learning and Development. Web. This term paper on Nursery Business Plan was written and submitted by user Alia Ray to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.