...Overview Child care feasibility studies provide information critical to evaluating the potential of a new child care center, based on a complete review of the market dynamics, services, customers, competition, and pricing. This information can be used to determine if a child care center is feasible, and if so, what type of center to build, services to offer, and pricing levels. Since no two child care centers are the same, Perspectives Consulting Group, Inc. focuses on identifying and providing relevant information for each center using a customized research process. Our research process includes telephone interviews, contacting various city and state agencies, and researching the child care industry as a whole. Once the information is obtained, Perspectives Consulting Group, Inc. analyzes the information and provides direction for making effective and efficient decisions. Child Care Feasibility Studies Although each child care center under consideration is unique, generally, child care feasibility studies profile five areas: • Market Dynamics - General information on the child care market • Services - What type of child care services are being sought out • Customers - Who currently purchases child care services • Competition - Who provides the current child care services offered • Pricing - What pricing levels are there for child care services Often, the most productive information is found by talking directly to customers and competitors in the market. Customized...
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...organization. Obtaining affordable, quality child day care is a major concern for many parents. The industry consists of facilities that provide paid care for infants, toddlers, preschool an older children in before and after school programs. There are two main types of child care which makes up the child care service industry: center-based care and family child care. Market research indicates when parents rejoin the workforce the demand for child care services grow. Child care plays a key role in allowing working mothers with school-aged children to remain in the labor force. In Kentucky, there is 168,460 (26.9%) children under age 15 who are in paid child care facilities; and 94,586 (16.6%) of 5 and under who are in a paid child care setting. There are 7,580 child care facilities in Kentucky with a revenue stream of $429.6 million dollars. The industry employs some 19,955 individuals supporting an additional 6,300 jobs in other industry sector across Kentucky. Macroenvironmental influences for the child care center includes political, technological, economics, and social. Some of the most important political factors one should consider when it comes to opening a day care center is what is coming down from the governor’s office. Currently, the governor’s office is working on an initiative cause “Race to the Top”, child care centers not participating in the STARS program will not be eligible for the child care assistance program. Centers not...
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...Planning for Family-Friendly Communities Briefing Paper April 2010 Child care and community development by Kristen Anderson & Ellen Dektar, Local Investment in Child Care (LINCC) The American Planning Association (APA) has long recognized in its Policy Guide on the Provision of Child Care (1997) that child care is a critical component of livable communities for many families in urban, suburban and rural areas, and that local planning policies can play an important role in ensuring adequate child care. Whether by necessity or choice, the majority of parents work and many depend upon formal, organized out‐of‐home care. Since there is no federal or state universal child care system or guidelines for child care planning, most communities have supply gaps that are especially pronounced for infant/toddler age groups and lower income families. Preschool‐age programs (mostly part‐day) are proliferating nationally due to public awareness of the value of early learning. State spending on preschool increased from $2.4 billion to $4.2 billion nationwide between 2005 and 2007 (Wat, 2007). Similarly, federal and state spending on child care subsidies has more than tripled in the last decade, but most communities still face problems with inadequate supply of quality, affordable child care (Warner 2007). The majority of child care and part‐day preschool centers are run by private or nonprofit entities (rather than school districts or cities) and supported largely by parent fees ...
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...Business Feasibility Study of A Home Day Care Center Muhisani Kerr OMM 614 Innovation and Entrepreneurship Josephine Carola April 9th, 2012 Executive Summary Kilo’s Loving Care is a venture that provides 24 hour home care services for children in DeKalb County. This facility provides child care services for up to 6 children from the age of 6 months to 12 years. The service also provides weekend and holiday care for parents who work non-traditional hours. There are 73 child care centers in a 35 mile radius from my location. There are franchised child care centers, regular child care centers and other home based child care centers. Only 4 of them provide 24 hour service, 2 of them provide weekend service but none of them provide holiday service. For parents who work non-traditional hours and on holidays, they are forced to seek additional childcare just for the weekends and holidays in order to care for their children. The market is not much competitive because not one of the 73 day cares provide holiday services. Due to the lack of time for themselves, daycare owners use holidays as a time to rest and bond with their own family members. This venture will ensure that their staffs receive constant training to remain up to date on the advances in child care whereby providing quality service. The target market will be fulltime working parents, college students, part-time working parents or drop-ins. Fulltime working parents will account for nearly 80 percent...
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...Recommendation Phase Team 2: Life Church Child Development Center I. Porter’s Five Forces Model: a. Threat of new Entrants The threat of new entrants is an important concept to understand as new entrants can change the competitive landscape. Defining this category helps to analyze the new entrant competitors in current existing Life Church Development center area. In 2013, estimated new establishments are as follows: (a) 1 – 4 Employees: 1538, 5 – 9 Employees: 1164, 10-19 Employees – 1723, 20-49 Employees: 1086, 50-99 Employees – 99, 100-249 Employees – 21, 250-499 Employees – 3 and Unknown employees 47. Total establishments and new entrants in 2013 year Texas are 5681. (Source: Barnes Reports – US Child Day care Industry)...
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...Research Essay on the New Policy of the Australian Government Introduction In 2012, the Australian government introduced and implemented new regulations aimed at improving the quality of childcare provision. Aspects of the regulation included staff obtaining higher education levels and increasing the staff children ratios. These changes will affect both producers and supply for firms and the industry as a whole. In addition, inter-related markets such as input, complementary and subsititute markets(Leigh, Ettenson & Cumsille, 2000) will be influenced by the regulatory changes. This essay will outlined the main regulatory changes in the childcare industry and discuss the implications of regulatory changes on the childcare market and related markets using demand and supply analysis. From a broader sense, the advantages associated with the regulatory changes in the childcare outweigh the disadvantages for the improvement of education level of staff will lead to a healthier and qualified environment for the childcare service environment, and help children to have a better opportunity to obtain good habit and qualities. Changes of the Australian Government Policy Great changes in the child care center managements have been made by Australian government in 2012. The childcare center is important places for children to get educated and helped by adults with great qualities. Therefore, the key changes in the process are that Australian government carried out new policies to improve...
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...a Quality Child Care Center A resource guide for starting a business and planning a child care center. Table of Contents: Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 First Steps: Assessment, Market Analysis, Business Plan and Child Care Licensing . . . . . . . . . . . . . . . . . . . . . . . . . 3 Finding Your Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Design Considerations and Process . . . . . . . . . . . . . . . . . 8 Program Administration and Curriculum . . . . . . . . . . 17 Appendix A: Timeline for Start-up . . . . . . . . . . . . . . . . . . . . . . . . . 19 Appendix B: Agencies and On-line Resources . . . . . . . . . . . . . . . . 20 Appendix C: Resources for Developing Polices/Procedures . . . . . 22 Appendix D: Classroom Equipment and Materials List . . . . . . . . 23 Appendix E: Care About Childcare Criteria . . . . . . . . . . . . . . . . . . . 24 Appendix F: Structural Rules from Licensing . . . . . . . . . . . . . . . . .27 Appendix G: Accreditation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Appendix H: Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 State of Utah, Department of Workforce Services, Office of Child Care © 2012 Opening a Quality Child Care Center Introduction THE BUSINESS OF CHILD CARE Welcome to the world and work of child care! The purpose of this manual is to provide a prospective child care center owner and/or...
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...Executive Summary Heavenly Daycare is a full-service development center that cares for infants to five years of age. Heavenly Daycare will be concentrating on the upper end of the market: double-income professional parents. These professional ambitious parents are typically eager in terms of their children's development and will be willing to pay to have their children attend the best facilities. Through specialized training of the staff and innovative learning systems, Heavenly Daycare is cutting edge in terms of child development. This curriculum, coupled with a custom designed facility and a low teacher: student ratio ensures a top shelf service for the children and the parents. We emphasize in offering high quality services to our customers. Business Description and Vision Mission Statement: Heavenly Daycare mission is to provide top level childcare. We exist to attract and maintain customers. Close personal attention to each child is essential to providing a quality experience for all children; therefore adequate personnel will be hired to ensure each child has the proper supervision in our care. Our services will exceed the expectations of our customers. Company Vision: Heavenly Daycare will offer childcare services for infants to five years of age from 5am to 11pm. The children will be exposed to a wide range of activities including arts and crafts, socialization, and general learning. Heavenly Daycare will be priced out of some customers’ budget, but will offer low...
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...Executive Summary Heavenly Daycare is a full-service development center that cares for infants to five years of age. Heavenly Daycare will be concentrating on the upper end of the market: double-income professional parents. These professional ambitious parents are typically eager in terms of their children's development and will be willing to pay to have their children attend the best facilities. Through specialized training of the staff and innovative learning systems, Heavenly Daycare is cutting edge in terms of child development. This curriculum, coupled with a custom designed facility and a low teacher: student ratio ensures a top shelf service for the children and the parents. We emphasize in offering high quality services to our customers. Business Description and Vision Mission Statement: Heavenly Daycare mission is to provide top level childcare. We exist to attract and maintain customers. Close personal attention to each child is essential to providing a quality experience for all children; therefore adequate personnel will be hired to ensure each child has the proper supervision in our care. Our services will exceed the expectations of our customers. Company Vision: Heavenly Daycare will offer childcare services for infants to five years of age from 5am to 11pm. The children will be exposed to a wide range of activities including arts and crafts, socialization, and general learning. Heavenly Daycare will be priced out of some customers’ budget, but will offer low...
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...business work, develop marketing strategies to persuade an investor or bank that the business is a worthwhile investment and identify business-related problems and solutions. The project feasibility may form the basis of an important investment decision and in order to serve this objective, the document/study covers various aspects of project concept development, start-up, and production, finance and business management. 2. Project Profile The project is about starting a Day Care Center for infants and children of age up to 5. The proposed plan is to offer programs ranging from Infant Care for infants of more than 6 months of age to Kindergarten for children of age up to 5 years. 2.1 Project Brief The study provides information regarding investment opportunity for setting up a Day Care Center in Comilla City. However, such a project could also be feasible for other cities of Bangladesh but initial market research/survey would be required to identify its need. 2.2 Opportunity Rationale Day Care Center is the place where learning and fun become one and the primary place where young children learn social and pre-academic skills necessary for success in school. The Day Care’s infant program is centered on the natural curiosity and energy of very young children. Childcare programs and pre-school curriculums integrate a wealth of intriguing and engaging learning activities that stimulate brain development in children. The fast paced life of...
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...Executive Summary Mini Miracles is a full-service 24-hr child care/development facility that cares for children from age three months to thirteen years. Mini Miracles will be concentrating on the upper end of the market, single professional parent to dual professional parent. These personally ambitious parents are typically eager in terms of their children's development and are willing to pay to have their children attend the best facilities. Through specialized training of the support staff and innovative learning systems, Mini Miracles is cutting edge in terms of child development. The curriculum, coupled with a custom designed facility and a low caregiver/child ratio ensures a top-shelf service for the children and the parents. Mini Miracles expects to become profitable by the end of the first year, and has projected $40,000 as the revenue for year three. The Challenge Mini Miracles is a 24-hr Child Care and Transportation Service is a full service Family child care facility that specializes in providing dependable 24-hr child Care 365 days a year. We have an infant/toddler program that transitions into our preschool program. Both programs are taught by a certified private preschool teacher. Our program is all inclusive so special needs children are welcome. We provide transportation to and from area schools for 6-12 year olds. We can pick up from your home and take your child to school and/or bring them home from school. We are designed...
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...strategic planning. Nowadays, one of the industries that we have seen take a plunge is the Daycares Market& Early Childhood Education. The main reason that this industry is experiencing this plunge is because of the decreased numbers of governmental funding to help parents pay for the services as well as the lack quality of services. Another reason is due to the time frames that daycares are open is not parallel to the time-frames parents are working at the moment. Because of these reasons daycares are not seeing the growth or sustenance of revenue as they were years ago, parents are looking at other options of child care, and a lot of daycares have evolved into low quality standards. The National Bureau of Economic Research states how “it is critical to develop an understanding of the way the child care market operates and how it relates to quality. The issue is important because the average quality of center-based child care provided in the United States is thought to be mediocre, especially compared to the quality of care provided in other developed countries” (NBER, 2002). One well-known day care/early childhood education provider is La Petite Academy. La Petite Academy has been around since 1968 and has over 500 locations in the country. The tuition has been known to be pricey which usually results in a variety of people overlooking the quality of the experience a child gains here and, in my opinion, their mission statement doesn’t make things any better. Their mission...
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...Parents and the High Cost of Child Care: 2012 Update Brief Summary, August 2012 Parents want quality child care for their children, but the slow economic recovery and the high cost of child care make paying for child care difficult for working families. In August, Child Care Aware® of America (formerly NACCRRA, the National Association of Child Care Resource & Referral Agencies), released Parents and the High Cost of Child Care: 2012 Report, which presents 2011 data about the price parents pay for full-time child care in each state. The report includes average fees for both child care centers and family child care homes for infants, 4-yearolds and school-age children in every state. The information was provided by State Child Care Resource and Referral (CCR&R) network offices and local agencies that maintain data about child care programs in the communities they serve or was drawn from the most recent state market rate surveys. The report offers recommendations for states and the federal government to improve the affordability of child care. from about $4,100 in South Carolina to about $9,600 in New York. Child care costs more than college In 36 states (including the District of Columbia), the average annual cost for center-based infant care exceeded a year’s in-state tuition and related fees at a four year public college. Child care costs more than rent Center-based child care fees for two children (an infant and a 4-year-old) exceeded annual median rent payments...
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...Definition of Market………………………………………………………………..4-5 Description of the Proposed Production or Services……………………………….5 Organization and Management Descriptions………………………………………..6 Marketing Strategy………………………………………………………………….6 Product……………………………………………………………………………….6 Price…………………………………………………………………………………..7 Place………………………………………………………………………………….7 Promotion……………………………………………………………………………8-9 Financial Management……………………………………………………………….9 Assumptions…………………………………………………………………………10 References……………………………………………………………………………11 Abstract The suggested company is an answer to the flourishing needs of families to have a place to take care of their pre-school kids where they will be safe, and taught the beginnings of the education. Their exclusive selling slogan will be, “Security, Amenity, and Benefits of a Home-Like Setting”. Kids at Home Learning Center Introduction Primarily, this business will be a sole proprietorship. The spouse of the administrator, as she has the correct skills needed, will run the business. The company will be based amongst a society that has young partners that have one or more children that could possibly enroll in our pre-school. Research on demand depicts a reliable market share which will be grabbed by our pre-school. Estimates of our first year of business show that we will not be in need of extra financing, and that we are financially sound, at least for the first year. Business Description Kids at Home Learning Center is a...
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...Claudette Douglas over a decade ago. Mrs. Douglas founded the idea to expand her dream of taking care of the needs of the community by establishing a day care center versus home child care. This personal aspiration became a reality when Class A licensing permits were established, a site chosen, and Children of God daycare was open for business in June 2011(http://www.dss.state.la.us.) This company thrives on the notion that the early stages in a child’s life are very important to their growth and development. Choosing a good child day care center is vital as more parents in today’s world have employment demands and require suitable day care centers for their children. Children of God’s daycare is providing learning programs and playtime for your child, along with a safe and healthy environment. At present, this business does not have an online presence nor strategy to strategically place them at a better advantage within the day care community. All inquiries from parents in the community are based upon location of daycare site, word of mouth, and flyer handouts within the community. Despite not having an online presence, this company would like to strengthen and grow their sales by acquiring their target audience of working families to obtain new customers. The benefit of a complete online strategy would be to build consumer awareness, increase consumer demand, and reach the target market (Drummong, Graeme and John Ensor, 2005). The use of strategic online marketing offers numerous...
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