Create your own childcare facility and make a business plan for it.Make sure to follow the rubric step by step it is extremely important that you follow the rubric exactly and do not leave anything out!
ECD 109 Business Plan Rubric
The business plan is divided into four areas which include: 1) a financial management plan; 2) a marketing plan; 3) an equipment and materials budget; and 4) plans to expand after becoming licensed.
| Criteria | 5 | 3 | 1 |
| Financial Management | -This section should include: 1) start-up budget (grants, loans, or contributions from the community should be included); 2) monthly operating budget (taxes, insurance, staff salaries, tuition); 3) balancing income and expenses | -Two of the three criteria are met | -One criteria is met |
| Marketing Plan | -This section should include: 1) how you will advertise your childcare center and the expenses incurred; 2) how you will market why a family should choose your center instead of another; 3) special services you provide that other centers do not provide | -Two of the three criteria are met | -One criteria is met |
| Equipment and Materials Budget | -This section should include: 1) a list of all materials needed for children with costs of each item (this should include toys, furniture, books, etc.); 2) a list of all materials needed for adults with costs of each item included(mandatory training hours, adult furniture, etc.); 3) administrative costs (computer, printer, paper, etc.) | -Two of the three criteria are met | -One criteria is met |
| Expansion Plans | -This section should include plans to move beyond a basic childcare program in one of the following ways: 1) plans for qualification of the ABC voucher program, First Steps Pre-K program; or NAEYC Accreditation; 2) plans to expand from 6 children to 12 children in a home childcare center; 3) plans to expand the amount of children and classrooms in the facility | -One of the criteria suggested is listed, but the plan to move from one to the other is not complete with details about financial needs for additional staffing, materials, equipment, or training | -One of the criteria is listed, but there is no plan to move from one to the other, or it is vague |
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