Podcast

How to Start a Child Care Business; Planning Podcast

An overview of planning your Child Care Business

Small Business Plans by Assent
Small Business Plans by Assent
How to Start a Child Care Business; Planning Podcast
Loading
/

By listening to this Podcast, you will learn: 

  • If it is viable and a good idea for you to write your own Business Plan? 
  • If you do decide to write your own Business Plan, the Podcast will give you a top-line view of how to do it. 
  • If you decide to get help, the Podcast will help you understand which parts of Sections you may need help with and which you can do yourself – this should help you save time and money.  

To access this Podcast, click here. 

To access the transcript only, click here.  

Firstly, the Podcast will take you through what is involved: 

  • Step 1 – Discovery 
  • Step 2 – Research analysis 
  • Step 3 – Design and writing 
  • Step 4 – Financial information gathering (from external sources) 
  • Profit & Loss, Cashflow, and Balance Sheet 
  • Projections out for three or five years 

Since late 2020, I have written over 50 business plans for child care centres; family day care providers; and family day care coordinators, and I’m delighted to say that every single one attained ACECQA approval. All of my plans are professionally written by myself and my small team, and they’re competitively priced so they won’t blow your budget. 

 

How to go about your discovery step yourself (or with a Business Plan Writer) 

The first step you need to do when you write a Business Plan, or when someone writes one for you, is called “Discovery”. 

You might want to: 

  • Start a child care centre, or 
  • Grow your brand across several locations.  

Based on what you want to achieve, this step also highlights any gaps in the information you have, so we can gather it for you. 

 

How to do the research, info gathering, and analysis for your Business Plan 

From here, you can relax if you use my team to collect and analyses all the necessary information for your plan, including: 

  • Market research 
  • Risk matrices 
  • Financials  
  • SWOT analysis 

Market research; If you are doing it yourself, you will gather competitor, industry, and local market data – this should be around 6 to 8 pages in length. Use only trusted sources of data from reputable market research companies.  

This ensures your plan is strong enough to not only attain both national and state accreditation, but also to serve as a roadmap for business growth. 

Risk matrices should describe risk types and categorise it. Aim for at least 4 pages of these 

Financials should include projections for revenue / sales, costs, expenses, and cash flow to create your Profit & Loss, Cashflow, and Balance Sheet. Do these at monthly level for the first year 

 

 

Designing and writing your Business Plan document 

The Podcast will talk about the importance of allowing time to do two drafts. A good Business Plan that needs a bank loan or lease needs to hang together well and the different Sections need to support each other and all make sense once read in one go. The Podcast talks about this in more detail but briefly, when you are reviewing your first attempt or draft, you should be looking to have or improve: 

  • Clear written content 
  • Charts, pictures, and graphs 
  • Detailed financial tables 

 

Finalisation 

The Podcast then talks about, if you have written the Plan yourself, either the first draft and/or two drafts, now is a great time to get it checked by an Expert. If you are nervous about the financial sections, the Podcast recommends you talk to your Accountant; if you are nervous about the legals, you can talk to your Lawyer. Of, if you prefer to get all of this done with one single professional, a Business Plan Writer can help.  

You can then confidently present your plan to both ACECQA and your State Department for accreditation and approval. 

 

How to get help if you get stuck or want a second opinion on your Plan 

The Podcast will talk about options if you’d like to chat before purchasing or simply use the Contact Us form on our homepage. 

If you’re ready to proceed, you can Buy Now here. 

If you just want us to do a review of your first draft or help you with any one particular section that you are stuck on, we have a service to review your Business Plan 

We hope you enjoy the Podcast.