Monday, January 20, 2020

Business Plan - Nursery ::

I have selected a nursery because there is high demand in the UK as well that there is a reasonable amount of profit SUMMARY PEOPLE I intend to employ on 3 to 4 employees along with my self and cater for approximately 12-20 kids once the business has established itself then I may decide to expand and cater for more children. THE PRODUCT I have selected a nursery because there is high demand in the UK as well that there is a reasonable amount of profit, which can be made if the business is planned out correctly. One of the main reasons why demand is so high is that more women then ever before are going to work, and therefore day nurseries provide a suitable environment for their children to be looked after in. THE MARKET ---------- One of the main reasons why demand is so high is that more women then ever before are going to work, and therefore day nurseries provide a suitable environment for their children to be looked after in. PRODUCTION Since my business is basically a service that is a day nursery hence there is no production involved it is the services, which I provide to my customers. I offer milk to the kids, if any of the kid needs milk I will be offering them, then there will be a rest room in which those kids who are tired can sleep in that room, the third service which I offer is playing, I will be having a room in which all the toys will be there all the kids can play there, my childminders will play with them, and the fourth service is giving the kids basic education. EXPECTED PROFIT For my business to be successful it is very important that it should make profit , so at the end of one year I will be making a profit of  £2454 which shows that my business is going to do well, its just the starting as and when my nursery becomes popular among the people I thing it will be doing well and making more profit. FINANCE NEEDED As mentioned in financial and production plan I will be looking to obtain a loan of  £5000 from the bank. If the bank rejects my application, then I will consider getting a sleeping partner so that I can apply again for lower amount. I could also find a partner and then half the investment. This is because currently I have personal savings of  £3500 and could use  £2500 of this to open my business with my partner. When discussing the plan with my father, he agreed to help

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