The puzzle of business.
The components of business are almost infinite and myraid; products or services to sell, customers to find, suppliers to find and credit to obtain, a site to sell FROM, controlling expenses and getting paid and hiring and training and keeping your name in front of every prospect.......Some days, it fits perfectly and the next day, though you are doing the same thing, it seems as though nothing works!
Such is the puzzle of business--it is a dynamic environment --not static!
While the SBA says b80% of all small businesses "fail" in their first year, it is more like 20% fail as the other 60% have revamped and perhaps taken on a new name.
IN my experience, I have found that most businesses fail to START their business on the premise of their WOW factor. Like a guy and gal lookng at each other for the first time, if there is lightening, or a thunderbolt or something to lock one into the gaze and soul of the other, this is equal, in the business world, to the WOW factor. Without it, a business is nothing more than a hobby. A hobby is not a bad thing, even if it makes one money, but it eats up a lot of time and energy that can be better used elsewhere in the hobbiest's world.
With the WOW factor, a business owner knows what he/she wants to do and only needs help getting the pieces of his/her puzzle not just put together but KEPT together. That is the job of the business advisor --of which I am one!
Accencture is a Fortune 500 accounting firm which helps medium an large size businesses fix weaknesses and grow.
The small biz administration helps everyone at their consulting offices. I have been an SBA counselor, college instructor and am a writer.
IF you have a biz idea, or have a small biz that seems to hit stone walls every day or you want to grow a company but are not sure how to do so with safety or you want to buy a company but have lots of questions, I can help you and my success record is ......very nice!
email me. NO mlm and if you are not in the US or Canada, some of your nation's politics will get in the way but I will try to help anyway.
MY "wow" factor is loving to help people take their business passion and make a biz out of it; what is your biz's "wow" factor?
kkemper1@mindspring.com
Article Source: http://EzineArticles.com/?expert=K._Kemper
Wednesday, July 11, 2007
Does My Daycare Business Need A Business Plan?
Drawing up a business plan for your daycare business is mandatory, even if you intend to operate a small home based daycare. Business plans are key decision making tools. It sets the goals which the business hopes to achieve, reasons why it is achievable and the specific plans for reaching the goals. Most of the goals in business plans lead to financial goals such as profitability and/or turnover. Preparing a business plan draws on a wide range of knowledge from many different business disciplines such as finance, human resource management, operations management, and marketing and sales, etc. It may sound like a mammoth task but if you were to break it down into smaller parts, it is actually fairly simple.
Here are the elements which you should be addressing in your business plan:
1. Regulatatory affecting daycare businesses
You will need to find out from your local authority about the legalities of operating a daycare facility such as licenses and safety regulations. In some instances, there are regulations on the maximum number of children you can provide care for as well as mandatory certifications which the owner would have to possess such as Degree/Diploma in Early Childhood Development or First Aid, CPR.
2. Managing human resource issues of your daycare centre
You’ll need to think about human resources issues to determine how many staff you may need, what sort of qualifications you would like them to possess and how much you intend to pay them.
If you are opting for a home based daycare business and will be the only person running the daycare operations, you will need to ensure that additional help is available on days when you are sick or if there is an emergency.
3. Day-to-day operations of your daycare
Next you need to think about how you intend to operate your daycare centre. You’ll need to workout operational issues such as operating hours, the services you intend to provide, curriculum development, course materials, the children's meals, contracts and agreements etc.
If you are operating as a home based daycare, you need to determine if there are any modifications to be made to your existing property such as fences, fire extinguisher, sharp edges, non-slip bathroom tiles etc? You should also consider purchasing liability insurance to protect your property against accidents.
4. Marketing your daycare business
You’ll decide how you intend to market your daycare services. The pricing strategies, the venue selection for your daycare and how you intend to promote your daycare services. Will it be through flyers, brochures, banners, website listings, etc. It also details how you intend to use the internet to promote your services with the rage in internet advertising.
5. Managing your daycare business finances
You will need to decide what your revenue model is. You need to sit down and list down your estimated expenses. Then, based on your intended charges, calculate how many children you will need to provide care for to breakeven. Anything more than that is profit.
Each of the plans should have a short term, medium term and long term duration. Developing a business plan not only helps you to be clearer about the direction of your business, it is also very motivating as you will know what your business will be like 3, 5 or even 10 years from now.
Happy planning!
For more information or resources on starting a daycare, please visit http://www.setupadaycare.com
Article Source: http://EzineArticles.com/?expert=Seraphina_Tan
Here are the elements which you should be addressing in your business plan:
1. Regulatatory affecting daycare businesses
You will need to find out from your local authority about the legalities of operating a daycare facility such as licenses and safety regulations. In some instances, there are regulations on the maximum number of children you can provide care for as well as mandatory certifications which the owner would have to possess such as Degree/Diploma in Early Childhood Development or First Aid, CPR.
2. Managing human resource issues of your daycare centre
You’ll need to think about human resources issues to determine how many staff you may need, what sort of qualifications you would like them to possess and how much you intend to pay them.
If you are opting for a home based daycare business and will be the only person running the daycare operations, you will need to ensure that additional help is available on days when you are sick or if there is an emergency.
3. Day-to-day operations of your daycare
Next you need to think about how you intend to operate your daycare centre. You’ll need to workout operational issues such as operating hours, the services you intend to provide, curriculum development, course materials, the children's meals, contracts and agreements etc.
If you are operating as a home based daycare, you need to determine if there are any modifications to be made to your existing property such as fences, fire extinguisher, sharp edges, non-slip bathroom tiles etc? You should also consider purchasing liability insurance to protect your property against accidents.
4. Marketing your daycare business
You’ll decide how you intend to market your daycare services. The pricing strategies, the venue selection for your daycare and how you intend to promote your daycare services. Will it be through flyers, brochures, banners, website listings, etc. It also details how you intend to use the internet to promote your services with the rage in internet advertising.
5. Managing your daycare business finances
You will need to decide what your revenue model is. You need to sit down and list down your estimated expenses. Then, based on your intended charges, calculate how many children you will need to provide care for to breakeven. Anything more than that is profit.
Each of the plans should have a short term, medium term and long term duration. Developing a business plan not only helps you to be clearer about the direction of your business, it is also very motivating as you will know what your business will be like 3, 5 or even 10 years from now.
Happy planning!
For more information or resources on starting a daycare, please visit http://www.setupadaycare.com
Article Source: http://EzineArticles.com/?expert=Seraphina_Tan
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