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Establishing a Business Plan

Budget



Mississippi Small Business Development Center

Your Business Plan is the most important document you will ever put together. It provides a road map to help guide your business as it grows. In it you establish benchmarks and a set of checks and balances to keep your business under control. It will safely guide you through the turbulent waters of constant change.


Child Care Aware

Preparing a budget helps you define where you expect the money to come from and how you expect to spend it. It gives you a picture of whether your projected income will meet your expected expenses. 

If your operation is to succeed, you'll need a sound budget, i.e., a plan that provides a realistic projection of actual estimated expenses and income. Preparing both a start-up budget and an operating budget will tell you what you will spend, now and in the future, and where the money will come from for starting and operating your center. Go to SBA for more information. 


Child Care Finders Resource and Referral

Before your doors open and first begin caring for children, devise estimates of start-up costs and an operating budget.
Planning Guide for Starting a Child Care Center


Insight Center for Community Economic Development

A budget estimates the expected income and expenses of a child care center for a specified period of time.
Child Care Center Financial Planning and Facilities Development Manual


Insurance


Child Care Aware

Different types of insurance are required for different types of child care businesses. Requirements vary by state. It is important to consider all insurance options, even if they are not required by your state.


Child Care Finders Resource and Referral

It is important to consult with a professional insurance agent when choosing a carrier for general liability and accident insurance. Some agents specialize in locating policies for child care centers.
Planning Guide for Starting a Child Care Center

Starting and operating a business involves a degree of risk. It is important to have adequate insurance protection for your business. If you aren't exactly sure what type of insurance is best, discuss coverage and rates with several insurance agents before making a final decision.
How to Start a Quality Child Care Business


Marketing



Child Care Aware

marketing plan is an important part of your business plan. Marketing informs families about your program and why they should choose your program for their children. It includes advertising and creates a sense of identity, or "branding", of your program.


Insight Center for Community Economic Development

Developing a marketing plan requires an investment in dollars, time, and effort. However, particularly when expanding a business, a good marketing plan can make the difference between success and failure. The marketing plan requires two essential steps…
Child Care Center Financial Planning and Facilities Development Manual


Building Child Care

Marketing the Program in the Community…
Building Child Care in California

How you market your center may make the difference between its success or failure. Like any other business, a child care center provides a service that consumers want and are willing to purchase. Therefore, you will have to sell your service to the consumers (parents). Your marketing plan can help you achieve this goal.


Tax Laws

Licensed child care providers, like all business owners, are required to meet certain tax obligations, such as paying federal and state taxes. The legal structure of the business will determine the amount of taxes you will pay and the forms you will use.

Division of Early Childhood Care & Development
Mississippi Child Care Payment Program (CCPP)
Toll-Free: 800-877-7882
DECCD | PO Box 352 | Jackson, MS 39205
CCPP inquiries: ccpayment@mdhs.ms.gov
Other DECCD programs: DECCD@mdhs.ms.gov

Click to report Child Care Fraud

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