Family Child Care Business Planning Guide

by Tom Copeland

Overview

Helps new and established family child care providers give their business solid footing for the future.

Product Details

ISBN-13:	9781605540085
Publisher:	Redleaf Press
Publication date:	10/01/2008
Series:	Redleaf Business Series
Pages:	96
Product dimensions:	6.90(w) x 8.80(h) x 0.30(d)

About the Author

Tom Copeland, JD, has written several books on business issues for the family child care field. He trains thousands of providers each year on record keeping, marketing, contracts, and other business topics.

Table of Contents

Acknowledgments vii

Chapter One How This Book Can Help You 1

Treat Your Business Like a Business 2

Why Do You Need a Business Plan? 3

How to Get Your Plan Done 5

What's in a Business Plan? 6

Chapter Two Is Family Child Care for You? 7

Is This Business for You? 8

Can You Afford to Work at Home? 9

Providing Exempt Child Care 12

Providing Illegal Child Care 12

Remodeling Your Home for Your New Business 13

Understanding Your Business Tax Deductions 14

Chapter Three Write a Start-Up Plan 15

Legal and Regulatory Issues 15

Start-Up Costs 19

Business Tax Issues 22

Your Contract and Policies 24

Chapter Four Write a Business Plan 27

Your Hopes and Goals 27

Your Marketing Plan 28

Your Insurance Plan 31

Your Program Plan 32

Your Professional Development Plan 33

Your Record-Keeping Plan 35

Your Financial Plan (Budget) 38

Chapter Five Prepare a Budget 41

The Sample Budget 41

Estimating Your Income 45

Estimating Your Expenses 49

Should Your Budget Show a Loss? 51

Chapter Six Manage Your Business Finances 53

Help Parents Understand Your Business 53

Calculate Your Hourly Wage 56

Find Your Break-Even Point 58

Prepare a Cash Flow Projection 59

Appendixes

Appendix A Start-Up Plans 63

Blank Start-Up Plan 64

Sample Start-Up Plan 68

Appendix B Business Plans 72

Blank Business Plan 73

Sample Business Plan 77

Appendix C Financial Tools 81

Sample Cash Flow Projection 83

Blank Budget Form 84