Difference between revisions of "Planning a Business: Childcare"

From KNEXT
(propagate reorganization from main page)
m (→‎Revenue/Sales: updated hyperlink titles under RevenueSales)
 
(10 intermediate revisions by 3 users not shown)
Line 1: Line 1:
=Needs Assessment=
+
[[File:Pexels-cottonbro-studio-3662667_(2).jpg|alt=|center|692x692px]]
 +
 
 +
==Needs Assessment==
 
* What have you thought about so far?
 
* What have you thought about so far?
 
* Do you have a business plan? If so, next question. If not, general starting a business resources.
 
* Do you have a business plan? If so, next question. If not, general starting a business resources.
Line 7: Line 9:
 
==Marketing==
 
==Marketing==
 
Questions related to marketing in general and applicable across contexts.
 
Questions related to marketing in general and applicable across contexts.
* [[Question:How do I find out who my potential customers are?|How do I find out who my potential customers are?]]
+
* [[How do I find out who my potential customers are?|How do I find out who my potential customers are?]]
* [[Question:How might I reach my potential customers?|How might I reach my potential customers?]]
+
* [[How might I reach my potential customers?|How might I reach my potential customers?]]
* [[Question:What kinds of marketing activities are possible?|What kinds of marketing activities are possible?]]
+
* [[What kinds of marketing activities are possible?|What kinds of marketing activities are possible?]]
  
 
Here are some industry-specific additional pointers:
 
Here are some industry-specific additional pointers:
Line 16: Line 18:
 
==Competition==
 
==Competition==
 
Questions related to understanding competitors in a market
 
Questions related to understanding competitors in a market
* [[Question:How do I identify my current and/or potential competitors?|How do I find out who my (potential) competitors are?]]
+
* [[How do I identify my current and/or potential competitors?|How do I find out who my (potential) competitors are?]]
  
 
Here are some industry-specific additional pointers:
 
Here are some industry-specific additional pointers:
Line 22: Line 24:
  
 
==Revenue/Sales==
 
==Revenue/Sales==
* [[Question:How can I estimate how much I could earn from my business?|How can I estimate how much I could earn from my business?]]
+
* [[How can I estimate how much I could earn from my business?|How can I estimate how much I could earn from my business?]]
* [[Question:How might my potential customers pay for my goods and services?|How might my potential customers pay for my goods and services?]]
+
* [[How might my potential customers pay for my goods and services?|How might my potential customers pay for my goods and services?]]
* [[Question:What kinds of sales channels are possible?|What kinds of sales channels are possible?]]
+
* [[What kinds of sales channels are possible?|What kinds of sales channels are possible?]]
* [[Question:What kinds of revenue streams are possible?|What kinds of revenue streams are possible?]]
+
* [[What kinds of revenue streams are possible?|What kinds of revenue streams are possible?]]
 +
 
 +
Here are some industry-specific pointers:
 +
* Market Rate Surveys are conducted by [https://earlychildhood.marylandpublicschools.org/families/child-care-scholarship-program/child-care-scholarship-rates Maryland Public Schools] - [https://earlychildhood.marylandpublicschools.org/system/files/filedepot/2/market_rate_survey_final_report_july_2019_sr_07_08_19_pm_final_pdf_3.pdf July 2019 Survey Rates]
 +
* Might also be helpful to get in touch with local associations. Here are some that are currently active:
 +
** [https://latinochildcareassociationmd.com/ LATINO CHILD CARE ASSOCIATION OF MARYLAND, INC.]
 +
** [https://www.msfcca.org/ MARYLAND STATE FAMILY CHILD CARE ASSOCIATION (MSFCCA)]
 +
** [http://www.pccpnpgc.org/ PROFESSIONAL CHILD CARE PROVIDER NETWORK OF PRINCE GEORGE'S COUNTY, INC]
  
 
==Expenses/Operations==
 
==Expenses/Operations==
Line 40: Line 49:
 
And here are some industry-specific pointers:
 
And here are some industry-specific pointers:
 
* This link has a helpful guide for how to find the right regulations for childcare businesses in Maryland: https://earlychildhood.marylandpublicschools.org/regulations
 
* This link has a helpful guide for how to find the right regulations for childcare businesses in Maryland: https://earlychildhood.marylandpublicschools.org/regulations
** People at the [[Resource:Prince George’s Child Resource Center]] can assist with navigating the right regulations for your
+
** People at the [[Resource:Prince George’s Child Resource Center|Prince George’s Child Resource Center]] can assist with navigating the right regulations for your childcare business
 +
 
 +
==Business Plan==
 +
 
 +
Here are some general questions to consider
 +
{{BusinessPlan}}
 +
 
 +
And here are some industry-specific pointers:
 +
 
 +
==Childcare Resources==
 +
 
 +
Here is a list of childcare resources to choose from to assist you with creating your business:
 +
 
 +
* [https://www.marylandfamilynetwork.org/for-providers-training/CDA CDA Grant Program]
 +
* [http://www.aft.org/node/10415 Center for Child Care Workforce]
 +
* [http://childcareaware.org/ Child Care Aware of America]
 +
* [https://earlychildhood.marylandpublicschools.org/child-care-providers/office-child-care/credentialing-branch/child-care-career-and-professional Child Care CCPDF]
 +
* [https://earlychildhood.marylandpublicschools.org/credentialing Child Care Credential Program]
 +
* [http://www.childcareexchange.com/ Child Care Exchange]
 +
* [https://earlychildhood.marylandpublicschools.org/ccqig Child Care Quality Incentive Grant Program]
 +
* [https://earlychildhood.marylandpublicschools.org/child-care-providers/child-care-scholarship-program Child Care Scholarship]
 +
* [http://www.childtrends.org/ Child Trends]
 +
* [https://www.familychildcarealliance.org/ Family Child Care Alliance of Maryland]
 +
* [https://earlychildhood.marylandpublicschools.org/fccpdgfp Family Child Care Provider Direct Grant Program]
 +
* [http://www.marylandfamilynetwork.org/MCCRN Maryland Child Care Resource Network]
 +
* [https://earlychildhood.marylandpublicschools.org/early-childhood-grants-programming-and-initiatives-maryland-during-covid-19-state-emergency Maryland State Department of Education, Division of Early Childhood, COVID-19 Updates]
 +
* [https://earlychildhood.marylandpublicschools.org/child-care-providers/licensing Maryland State Department of Education, Division of Early Childhood Development, Office of Child Care]
 +
* [https://earlychildhood.marylandpublicschools.org/child-care-providers/licensing/licensing-forms Maryland State Department of Education, Division of Early Childhood Development, Office of Child Care - Child Care Licensing Forms]
 +
* [http://marylandpublicschools.org/programs/pages/school-community-nutrition/index.aspx Maryland State Department of Education, School and Community Nutrition Program]
 +
* [https://www.icf.com/resources/projects/social-programs/national-child-care-information-center-nccic National Child Care Information Center]
 +
 
 +
*

Latest revision as of 15:35, 15 June 2023

Needs Assessment

  • What have you thought about so far?
  • Do you have a business plan? If so, next question. If not, general starting a business resources.

Question Index

Marketing

Questions related to marketing in general and applicable across contexts.

Here are some industry-specific additional pointers:

Competition

Questions related to understanding competitors in a market

Here are some industry-specific additional pointers:

Revenue/Sales

Here are some industry-specific pointers:

Expenses/Operations

Here are some general questions/resources

And here are some industry-specific pointers:

Legal

Here are some general questions to consider

And here are some industry-specific pointers:

Business Plan

Here are some general questions to consider

If a business plan draft is ready and it may be time to look to local resources for registering and Launching a Business.

And here are some industry-specific pointers:

Childcare Resources

Here is a list of childcare resources to choose from to assist you with creating your business: