Daycare Business Plan

In: Business and Management

Submitted By jenadam50us
Words 1234
Pages 5
Jennifer Thoman
Capstone Management
Kaplan University

My business plan is about a daycare provider called Generations. It will be a sole proprietorship. There are two basic reasons why child care providers consider other business structures: lower taxes and personal liability protection. There are no tax savings if you form a partnership or LLC.
Planning is the development of specific strategies designed to achieve organizational goals. Forward-looking managers use planning to develop strategies, policies, and methods for achieving company objectives. Managers who rely on planning can anticipate problems before they even arise and therefore can implement solutions quickly. In addition, planning serves as the foundation for the other management functions: organizing, staffing, leading, and controlling by providing direction for a company; and increases a company's potential for success in accomplishing its goals.
Organizing is the second major managerial function. It is the process of structuring a company's resources, its personnel and materials, in a way that will allow it to achieve its objectives. Specifically, organizing entails a fundamental three-step process: developing tasks, labor units, and positions. First of all, managers must determine the exact actions that have to be taken to implement plans and achieve objectives. Second, they must divide personnel into teams with areas of responsibility. Third, managers must delegate authority and responsibility to individuals and establish decision-making relationships. Once management accomplishes the first step, it can take a number of different routes to organize teams and delegate authority.
Optimal performance should be defined as performing to the best of one's abilities where the organizational needs are fulfilled. If an employee is working to the best of their abilities and the organization's needs…...

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