MT 499 Unit 7 assignment

Unit 1 Assignment

MT499

Chad Dent

3/3/19

Kaplan University

1. EXECUTIVE SUMMARY

The company known by the name is Little Ones Day care will make for a really great care center for starting children out with learning from an early age. It will allow for children ages newborn up until 12. We will be providing a safe place for children and also be very encouraging foe everyone involved. Here children will be able to grow and learn by means of a ton of different interactions socially speaking. It will be coordinated by Chad Dent along with other providers who are certified.

1.1 Product

Little Ones Day care is going to be offering a place that is always safe and very stable for the caring of children when parents are off at work or out for the day. Children will be able to learn via activities, interactions with others and socially. Our focus will be to bring forth growth and encouragement by emotional, physical; and social which will allow for the children to grow and be ready for the future they are going to face.

1.2 Customers

Our target market would be working parents who have children that are 12 years of age and younger. My plan for the subgroup will be the parents that commute, they will stand for around 70% and then we will look at parents who do other jobs totaling up to 30%. These numbers may shift in summer and fall times. Comment by Stephen Griffith: Income level? Comment by Stephen Griffith: Why do you care if they commute?

1.3 What Drives Us

The values that we are looking for will be all of the children themselves along with the care we will be giving them. Our drive is to ensure that we are giving the children the best care and learning possibilities ever.

2. COMPANY DESCRIPTION

We are looking to be a not only a child care service but also a place that children can start to learn. On staff we will have a registered. A few different care providers, someone to cook some office staff and the owner. We will have hours that will be accommodating to parents. We are also going to be giving out at least 3 meals a day to the children along with snacks and nap time each day. Comment by Stephen Griffith: ? Comment by Stephen Griffith: You can offer healthy menus as a feature.

2.1 Mission and Vision Statements

Mission Statement- “We exist to provide an environment that is safe and secure for children”.

Vision Statement- to make sure that all parents have that peace of mind when they drop their child off with us. We will always hold meetings and such to ensure we are always up to par and on track with all we have to offer. Where do you want the businesss to be in five years?

2.2 Principal Members at Startup

The owner of the day care center has around 25 years’ experience with childcare and is certified. He has business management degree and has a lot of accounting skills that can aid in making smart decisions for the business. Managers for financing and social media marketing has around 5 years of experience in the field. Everyone involved with caring for the children will have at 5 teas years experience and all be certified in CPR. There will perhaps be room for more employees as the company expands.

2.3 Legal Structure

We will be known as a sole Proprietorship. The site for the facility has been purchased by the owner. In the future with growth, we may become a Limited Liability Company. Deciding to be a sole proprietorship will make for there to be fewer issues within keeping records and will make for there to be mistakes with the records. The owner will be the one responsible for any debts that incur. Comment by Stephen Griffith: Be sure to check the local and state regs. In Ohio, you have to have sprinklers and, if you have more than a certain number of kids, a bigger system. You also need to make sure you have adequate fire exits, etc. Comment by Stephen Griffith: I would talk to an accountant and lawyer about doing this sooner to protect yourself from liability.