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Executive summary
The High Fliers Day Care is a full-service child care facility that cares for infants to five
years kids. Our target market is two income professional parents who belong to middle and
upper middle class and they want to ensure high quality care with learning environment for
their kids in their office working hours. The purpose of High Fliers Day Care is to facilitate
the working womens lives.
We are seven partners equally sharing the profit and loss of the business and running the day
care with the best management skills.
We do not have any direct competitor in Sargodha. The indirect competitors may include
schools like The City School and Beacon house school but they are schools with limited
timings not like day care centers providing you with the flexible schedule.
Future of High Fliers Day care center is bright and it will work as there is no such kind of
services for the female working force in Sargodha till now and there is need of such Day care
center in such modern era of increasing female working force.
As childs health and security is the first priority of the parents so we are providing them with
the food & nutrition expert (Aneeqa Hassan) and CCTV. Social media trend is increasing so
for the security concern of the parents we are providing an additional security service of
Skype.
We have managed our start up expenses within the Rs 700,000 and our establishment period
is 2 months.
Our future plans include Mobile App by our software engineer (Maryam Maqsood) after 1
year and new branch of High Fliers Day Care center in the same city within 3 year.
Name
Highflier's day care center
We have selected this name because we believe that the kids of our baby day care center will
have high aims further in their life.
Vision:
To get a predominant position in Sargodha city and after that sky is the limit for us.
Mission statement:
"To be a trend setter as there is no trend of baby day care centers in Sargodha because those
who don't follow the trends always become the trend setters. We will provide safe learning
environment to kids when their parents are at work. Place where kids can spend quality,
healthy and secured time. Our mission is to increase learning capabilities of kids in their
exigent first five years of life"
Goals:
Our goal is to be at the top in our field by providing quality services in Sargodha region and
to introduce a trend of baby day care centers in Sargodha city to do away with housemaid's
culture in kids initial five years.
Objectives:
Our objective is to increase 10 % kids annually in our center by sustaining parent's
confidence in our quality services.
Business philosophy:
Our direction is to drop the trend of keeping kids in the hands of uneducated housemaids in
the absence of their parents. Because In the first 5 years of a childs life their brain
development is at 80%.In the first 5 years, children learn more quickly than at any other stage
of life. These years are the foundation that shapes a childrens future development, happiness,
health, learning achievement and growth both in the family, community and life in general.
So there should be a platform where kids are able to form a great personality his own with the
help of these programs of which the parents can feel proud later in their life.
For us the quality of time which kids will spend in Highflier is much important than anything
else. For us quality of our services is most important thing. We want to remove the
uneducated housemaids care takers culture for kids in their initial most important first five
years of life.
This graph shows in Pakistan ratio of age 0 to 4 year kids are higher than other age groups. In
Pakistan current birth rate is 31 kids per 1000 persons.
Same is the case with the ratio of 2 income professional families. In Pakistan participation of
female workforce is increasing every year. Following statistics of labor force survey shows it
clearly
Labour force participation rate
1999
-2000
2001
-2002
2003
-2004
2005
-2006
Change
%(19992006)
42.8
43.3
43.7
40.6
+3.2
Male
70.4
70.3
70.6
72.0
+1.6
Female
13.2
14.4
15.9
18.9
This table shows female participation rate is increasing with a higher rate.
+5.2
SERVICES DESCRIPTION:
Upon its opening, Highflier's care center will offer four basic services
Full time child day care
Initial learning of kids.
Kids from 8 months to 5 year will be entertained.
Our services:
We offer upscale child care services for kids ages 4 months to 5 years.
We have Healthy environment for kids' stabilizers will be used.
Normal operating hours will be 7 am to 7 pm, Monday through Friday with
observance of all legal major holidays
They will be provided food as advised by their Food and Nutrition expertAneeqa
Hassan a well-educated lady in food science.
We will also offer children birthday party hosting services. Activity planner
NoshabaAslam will be assigned for such events and will lead the activities,
ensuring memorable celebrations.
Help your child in developing physical skills: rolling over, sitting creeping and
crawling, climbing standing up, walking, dancing, riding toys, putting puzzles and
toys together, pilling blocks, drawing with jumbo crayons, picking up small
objects, turning the pages of a book, story will be told to kids on daily basis.
There will be a library for kids with interesting story books.
CCTV camera will operate for the security of kids. A security guard will also be
hired
Skype Option will be provided to the parents through whom they will be
connected with their kids even in their office hours.
For mind building of Kids their well-trained Art teacher NoshabaAslam will be
there.
2 trusts worthy care takers will be there to serve kids.
MARKETING PLAN
High Fliers Day Care Centre is a service business for Infants; our market plan will be
customer specification to know how about our business reliability and acceptability in the
market surrounding of Sargodha.
Market Survey:
First of all we conduct market survey. We choose direct contact to peoples, for this purpose
we selected two working parents community. We selected Different Montessori Schools,
Colleges, Hospitals and Banks for our survey report verification. We filled a Questionnaire
from them about our new business in Sargodha location. Our survey showed that there is 70%
parents are willing to admit their child in such type of Day Care Centre. We found intense
need of people for opening such type of business in Sargodha location. Market survey give us
confidence to open it in this city with full of suitable, caring, reliable and secure learning
environment. Following are the results of our market survey.
Yes
42/44 = 95.45%
25/44 =56.8 %
44/44 =100%
31/44=70.45 %
38/44 =86.36%
38/44=86.36%
42/44 =95.45%
No
7
H
41/44=93.16%
29/44=65.90%
39/44=88.63%
30 /44 =68.18
42/44=95.45%
35/44=79.54%
MARKET SURVEY
17%
Market Survey
Yes
83%
NO
Punjab College
ILM Colleg
Sanai School.
St Doris
Bank Al Falah
City School
Beconhouse
National School P.A.F
First women bank university road.
Habib bank limited.
University of Sargodha
Barriers:
High Capital Cost:
Capital in any business is like a back bone. Start a new business in Sargodha initially we
shall face high cost of capital for purchasing of equipment related to our business.
Consumer Acceptance:
There is problem whether our services will be accepted by customers and they will trust us
or not. But we are sure about this our security system will enhance the confidence of parents.
Unique Services:
Uniqueness of any business retains it on the edge. Every business has its own uniqueness, on
that it can differentiate with other business on the basis of quality, price, delivery and
reliability.We are providing quality services and secure environment as uniqueness of our
business.
10
objects, turning the pages of a book, story will be told to kids on daily basis. Kids
will stay busy in different type of activities. This will make their time precious.
CCTV camera will operate for the security of kids. A security guard will also be
hired. IN future we will also introduce Mobile App technology. For that we will
hire the services of Maryam
Skype Optionwillbe provided to the parents through which they will be connected
with their kids even in their office hours.
Main features of our services are food and nutrition expert. Who will give advice
to the parents for their kids' food matters.
For healthy environment, different stabilizers will be used for the accessories used
by kids. Separate room for viral infected kids so that other kids can't be infected.
For us healthy environment for kids is most important thing.
Parents are responsible for daily food of kids so that in case any problem like food
poisoning we couldnt be held responsible but nutrition expert will guide them in
food chart.
Kids entry record will be maintained at the time of their entrance in day care by
security guard.
Customers:
Highflier's Day Care Center targeted customers are two parent working force and single
mother working force in all over Sargodha region. They are facing problems for the take care
of their kids If their housemaid is on leave then they have to face a real challenge where to
drop their kids with full care.
In Sargodha female working force is increasing rapidly its main reason is the increasing
number of schools, colleges, banks and hospitals in the area.
Their geographical location is from different areas of Sargodha. They are scattered in the
Sargodha's urban and rural areas.
Gender
(Male, Female)
Location
(Sargodha Region)
Income Level (60,000 to onwards)
Social Class
(Middle Class and Upper middle class)
Educated and professionals.
The participation rate among men currently stands at 69.5%, while the rate among women is
57.3%. With a spread of 12.2 percentage points, the gap between man and female
participation rate has been narrowed.
11
Above statistics shows the importance of our industry. In future female work force will also
increase and this will create a need for baby day care centers. With this increasing rate we
will also increase the activities of our business and will open its more branches in other
regions of Sargodha city as well as in other cities of Pakistan.
Competition:
Major competitor:
We have no direct competitors in the Sargodha city.
Indirect competitors:
Highflier's Care Center has to face indirect competitors like
As compare to competitors:
Highflier's Care Center would work better as compare to indirect competitors because
schools like city etc have their fixed schedule but our schedule is very much flexible for the
convenience of parents from 7 a.m. to 7 p.m.
12
Niche:
Competitive Advantage
Uniqueness perceived
By Customer
Industry
DIFFERENTIATION
LOW COST
DIFFERENTIATION FOCUS
COST FOCUS
Target Market
Niche
High Fliers Day Care Center strategy is Niche (Target Market) Differentiation Focus. Its
Focus is two parent working force and single mother working and its Differentiation Strategy
is its uniqueness in the form of its core competency as compared to competitors.
Competitive analysis
factors
Services fee
Importance to customer
Avg
Quality
Experience workers
Flexible hours
Facilities
Clean environment
Location
Advertising
Security
High ( no compromise )
Yes
Yes
Up to date
Yes
Easiest approach
Heaviest
Yes
Most
Most
More
Avg
Most
Less
Less
Most
13
4-Less importance
5- Least importance
Promotion
Our promotion activities also comprises of 2 phase
In first phase
We will create suspense in people for coming baby day care center in Sargodha. So for one to
two weeks on different local cable networks, FM 96 & 98.2 ,express newspaper and cable
networks our add will be just
"Get ready Kids & Parents"
In second phase
After that we will come towards regular advertising. As our target market is mostly female
working force so for promotion we will take followings steps
We will conduct awareness sessions in different schools, colleges, banks and other private
organizations. In such awareness sessions we will ensure them the security of their kids and
importance of day care centers in this era.
For awareness sessions Maryam, Sana and Rabia will go to different colleges, schools and
banks.
We have created a page on Facebook of our day care center. Its address is
https://www.facebook.com/pages/HIGH-Fliers-DAY-CARE
Video add will be on aired initially on different cable networks of satellite town and
university road areas like alkram cable network, garrison cable network.Garisson cable
network video ad cost is Rs 5000 per month and 12 times a day for channel Hum T.V.
For print media we have selected Express newspaper front page and size of our addwill be
length 8 inch and width 6 inch and this add will be published only on weekends ,(Saturday
and Sunday) as mostly working force gets time to read newspapers only on weekends. Cost
of publishing ads on newspaper is Column per inch Rs 108.
For radio advertisement we have made an ad for FM 96 and UOS FM 98.2 .Radio ad cost is
Rs 15 per 60 seconds. our ad consists of 40 seconds,
so we will on air our ad 10 times in a day and it will cost which will cost 10 *15 = 150 per
day and its monthly cost is Rs 4500
Billboards will be displayed on university road. Its cost is 60 * 20 = 12000, 12000*6=72000
rupees per month
14
Television
Fm 96 & FM
98.3
Garrison cable
net work
University Road
Express
newspaper
Billboards
Newspaper
Brochures
Cost
Rs 30 per 30
second slot
Note:
As we are students of university of Sargodha if we get approval of our dept. then advertising
cost for newspaper will be half for us. Our initial promotional budget is Rs 100000 and our
marketing manager Shehzad Sarwar has to plan the promotion with in this budget and this
budget will increase yearly. On early stages we will spend heavy amounts on advertisement.
PRICING STRATEGY:
Give up something to get something. Our focus will be on providing quality
services not on price. We will be the price competitive in the market we serve; however, we
will not subscribe to the low price leader concept. The quality of our services will support
the price we charge.
Age Limit
Admission Fee
Monthly Fee
8 months-1.5
years
20000
6000
6000/24=250
250/6=Rs43
1.5 years-3years
20000
7500
7500/24=313
313/6= Rs 52
3 years-5years
20000
8000
8000/24=333
333/6=Rs 56
Note:
Approximately 24 days have been taken as monthly working days.
Average 6 hours have been taken per kid for a Day.
15
Location:
For a new business, place have greater importance. Place should be familiar where
mostly people could know to your business. Day care center is a new business in Sargodha
location. Thats why we will start our business near to University of Sargodha. This is the
place where people of Sargodha pass daily. We will start our business where little angels
flourish perfectly.
Type of Building:
Day care center is for small children. Building should be colorful and beautiful to
attract the children where they could gain knowledge attractively. For small children we
should use a building for our business like home. We will start our business from House # 04
in Bungalow # 10. This is the place where traffic problem will not occur and people will
easily pick and drop to their child in day care center.
Amount of space:
We should need vast place for our new business. Initially we will start our business from a
house consist of 1 Canal. Where we will provide well greenish play ground to children.
Bungalow # 10 is well looking, beautiful and vast place of Sargodha Location. Our customer
will prefer to admit their children here for better quality of educated, knowledgeable and
healthy environment to their children. We will use sign boards for identifying our business in
Sargodha location.
Availability of Hospitals:
We selected the most commercial area of city there are many hospitals around our building
like Bucha, Niazietc so in case any emergency we have easy and quick access to hospitals.
Sale Forecast:
Day Care Centre is a new business plan. There is need of an inclusive marketing plan for the
effectiveness and reliability of our quality services that will create our business for sale. High
Fliers Care Centre first two months will be spent on renovating the house and bringing it up
to specifications. The first week will be used for training of the staff. By the middle of the
third month Day Care Centre will begin accommodating child for care. It is anticipated that
the facility will be underutilized until fifth month. By then word will have spread and the
16
Age Level
Number of Kids
Total Fee
6000
36000
1.5 to 3 years
7500
60000
3 years to 5 years
10
8000
80000
176000
17
In first month we will take 15 kids. In first month numbers of kids will be low as their parents
feel comfortable with their existing kids set up but with the passage of time number of kids
will improve.
Month
January
February
March
April
May
June
July
August
September
October
November
December
Number of kids
15
18
20
20
20
18
16
17
25
27
30
30
Number of kids
35
30
25
20
15
10
Number of kids
5
0
In January due to first month number of kids will be less it will be almost 15
kidsIn February strength will improve to 18 kids
In March situation will be more favorable because parents will be looking for
Montessori classes schools due to new educational session.In April, May and
till mid-June there will be fewer variations.
In Mid-June, July and august there will be low number of kids because many
female school teachers will be on vacations so will prefer to take kids at home
with them. But our summer camp programs will improve the situation a lot.
After summer vacations we expect a great increase in number of kids and it
will be followed by next moths also.
18
TOTAL
No. of
Students
Admitted
NEW
STUDETS
ADMITTED
Admission
Fees
Child 4
Month to
1.5 year
Child 1.5 t0
3 years
Child 3 to 5
years
Total
Revenue of
this year
Cumulated
Revenue
1st
30
30
(30*20,000)
(05*6000)
(15*7500)
(10*8000)
3,270,000
3,270,000
2nd
40
10
(10*20,000)
(10*6600)
(15*8250)
(15*8800)
4,061,000
6, 731,000
3rd
55-5=50
25
(25*25,000)
(25*7260)
(20*9075)
(30*9680)
8,465,800
15,196,800
4th
70-10=60
17
(17*25,000)
(22*7986)
(26*9983)
(27*10,648)
9,097,952
24,294,752
5th
77-7=70
20
(20*30,000)
(25*8785)
(35*10,981)
(30*11,713)
12,064,200
36,358,952
6,000
4,000
2,000
0
1st
2nd
3rd
4th
5th
19
Operational Plan
Our daily operations will include following areas
Production
For daily operations our services will be in following manners
20
Location:
For our day care center we have selected following building we fulfill our all requirements
regarding utility, availability of hospitals in case of any emergency etc.
21
Access:
Our selected building is in easy access of parents because we have given three proposed
locations in our market survey
P.A.F
Satellite Town
University Road
And this survey shows followings results
Satellite town
9/44 = 20.45 %
University Road 28/44 =63.63 %
P.A.F
7 /44 =15.9%
SURVEY RESULT
16%
20%
Satellite town
University Road
P.A.F
64%
22
Personnel
Our employees will be skilled in their field especially our caretakers should be most
responsible employees of our day care center.
Employees Schedule
Sr. No Employee name
Job status
Qualification
Salary
1
2
3
4
5
6
7
Sana
Maryam
Rabia
Zara
Danyalsaleem
ShehzadSarwar
NoshabaAslam
Manager
supervisor
Recruiter
Receptionist
Accountant
Marketing manager
Art teacher
MBA
M.A
MBA(HRM)
B.A
MBA(Finance)
MBA (Marketing)
MBA, different
courses in painting
20000
16000
10000
8000
10000
10000
10000
Aneeqa Hassan
M. Phil in Food
Science
10000
Caretaker
Caretaker
Security Guard
Sweeper
F.A
F.A
Matric
No requirement
8000
8000
7000
4000
=121000
9
10
11
12
Total
Salary Schedule
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
Salary
23
JOB DESCRIPTION:
SANA BATOL/ SUPERVISOR:
Plan both long and short range activities in accordance with curriculum objectives,
developmentally appropriate practice and program philosophy.
Meet the emotional, social, physical and cognitive needs of each child.
Maintain confidentiality.
NOSHABA ASLAM/TEACHER:
Minimum Education: Master and specialize in arts and creative work. Certificates
must be attached with application.
Assist group supervisor with both long and short range activities in accordance with
curriculum objectives, developmentally appropriate practice and program philosophy.
Provide input for bi-annual assessment of children's development.
Maintain daily open communication with parents.
Keep accident reports.
Maintain anecdotal records.
Maintain confidentiality.
Report any suspect abuse to supervisor.
Arrange a classroom environment in accordance to program goals and philosophy.
Maintain a safe and healthy environment.
MARYAM ILYAS/DIRECTOR:
MINIMUM EDUCATION: MASTERS WITH LEADERSHIP QUALITIES AND A
GOOD MANAGEMENT.
24
DANYAL SALEEM/ACCOUNTANT:
MINIMUM EDUCATION: MASTERS WITH FINANCE. Complete grip on financial
statements.
A bookkeeper duty for a daycare is not altogether different than those of a bookkeeper for
any other service-based business, but the responsibilities are considerably larger. Since
daycares are required to give total year receipts to the parents of the children for tax purposes,
greater care must be taken to record transactions accurately.
Must keep all the financial records up to date.
All the financial statements are properly maintained so that proper taxes can be
implemented.
For continuous record and to avoid any frauds all cash transactions must be recorded
time.
RABIA RANJHA/RECRUITOR:
SHAHZAD SARWAR/MARKETER:
MINMUM
EDUCATION:
MASTERS
WITH
SPECIALIZATION
MARKETING.
Must plan different marketing strategies for the business.
Proper marketing channels must be planned in the given budget.
Different ideas must be given for the marketing of the day care center.
CARETAKERS:
MINIMUM EDUCATION: MATRIC OR F.A.
Must be aware of all babies work and know how to do them.
Must be responsible and take care of children hygienic.
IN
25
INVENTORY
Having a well-stocked inventory is a critical component of keeping a day carecentre running
smoothly. A day care facility that primarily serves toddlers should keep inventory with the
specific needs of this age group in mind. A successful toddler day-care centre provides a
plethora of developmentally appropriate toys and games, but is equally concerned with basic
matters of safety and hygiene.
STORY BOOKS
As babies read and see many colourful pictures in these
quality storybooks, not only are they boosting their
reading skills, but they are also learning socially
responsible tools for life.
26
FURNITURE
Your day carecentre should have tables and chairs that are
the right height for toddlers to eat and play at. Plastic
furniture often works best because it is inexpensive, easy to
clean and resistant to damage. Beanbags are another form of
comfortable furniture for toddlers. It's also imperative to
have at least one changing table. Keep several mats, pillows
and simple blankets available for nap time. If you plan on
serving more than a few children, it's a good idea to have a
cubby area so that each child has an individual space for
personal items.
HYGIENE
Your diapering area should be well stocked with diapers, wipes, and baby
powder, as well as a locking garbage bin. Have toddler-sized toilets available for those
children who are potty trained or in training. Have plenty of paper towels and antibacterial
wipes available for the frequent spills that will accompany both snack time and playtime. Be
sure to stock plenty of soap so that you can encourage children to frequently wash their
hands. Have step-stools on hand to ensure that shorter children can wash their hands
independently.
SAFTY
Keeping your children safe should be
priority number one. You should have a fully stocked
medicine cabinet that locks and is out of reach of even the
most industrious of toddlers. Be sure to have plastic outlet
covers in place on each outlet that is unused, and extras
on hand in case an appliance need to be unplugged. If you
plan on taking any walking or driving trips away from the
day
care
centre,
27
EATING AREA
Chances are good that you'll be feeding attending children at least
one meal, as well as overseeing a few snack times. Plastic cups,
reusable plastic utensils and plates are safe, easy to wash and easy
for toddlers to manipulate. Keep plenty of paper towels and
napkins handy. It's also a good idea to keep a stock of bibs to
provide while children are eating meals.
BABYCOT
Comfortable baby cot will be bought for comfortable sleep of
babies. To prevent injuries soft cushions must be used in baby
cot.
WALKERS/HANDLERS
Walker made up of good material will be bought to teach them
how to take 1st step, how they can walk with and without
support.
FOOD
Food is the main ingredient for health. Fresh and pure food will be provided to toddler for
their physical as well as mental growth. Like fresh milk, fresh fruits, cereal etc. food will be
given according to experts advice, hired by us.
28
Items
Prices
10000
6000
4000
Electric heater
8000
40000
Block basket
6500
Story books
5000
7000
Babys bag
5500
Babys scale
6500
Bolding racks
6000
Bouncy castle
5000
Babys cot
14000
8000
Furniture
20000
Hygiene
5000
6500
20000
10000
Generator
40000
Camera
70000
Total250000
29
ACCOUNTANT:
1 DANYAL SALEEM will be responsible for working as accountant to insure accurate
financials.
2 He will also handle accounts payables and running all the monthly financial statements.
30
RECEPTIONIST:
ZARA AHMAD will be working as receptionist. Receiving calls and providing necessary
information to callers and walk in customers
TEACHER:
1 NOSHABA ASLAM will be working as a teacher for the kids. She will be working for
establishing creativity of kids and early learning schemes.
MARKETER:
1 SHAHZAD SARWAR will be working as marketing manager.
2 Planning marketing strategies for the organization in budget allocated to him
3. Minimum use of media and create maximum value of business strategy must be adopted.
NUTRITIONIST:
1 ANEEQA will be working as nutritionist. She will be responsible for which food and
snacks provided to kids
ASSISTANT MANAGER:
1 MARYAM ILYAS will support Sana in the day-to-day running of a day care.
2 As she is responsible for checking all work is performed properly and on time.
NOTE: In absence of Sana Batool, Maryam ilyas will continue the business.
31
32
Population analysis
Our population analysis shows increasing number of kids in Pakistan. In Pakistan birth rate is
31 per 1000 persons and other is increasing number of woman work force participation which
is increasing rapidly every year. All these figures shows the importance of our baby day care
centers
Market Segmentation
We have distributed our target market in two groups.
Middle class 2 income professional families.
Upper middle class 2 income professional families.
Market survey:
We have done survey for the market of Sargodha. Our market survey shows 100 % result for
need of baby day care centers in Sargodha city.
Our market analysis took 1 month for completion in this survey we have observed the market
trends of people of Sargodha which indeed demand a baby day care center.
33
Establishment
Population analysis
Market segmentation
Survey of market
Rent
Decoration of building
Taking kids for admission
Weeks
1st
2nd
3rd n 4th
5th
6th
7th,8th
Miscellaneous activities
8th
Activities
70
60
50
40
30
20
10
0
Activities
November
Series1
December
34
Partners
Cash Balance
Bank Balance
Total Worth
Maryam Ilyas
Zara Ahmad
NoshabaAslam
Sana Batool
RabiaRanjha
DanyalSaleem
ShahzadSarwer
R.S 60,000
R.S 50,000
R.S 85,000
R.S 40,000
R.S 70,000
R.S 55,000
R.S 80,000
R.S 1, 80,000
R.S 1,55,000
R.S 1, 65,000
R.S 1, 60,000
R.S 1, 30,000
R.S 1, 75,000
R.S 1, 70,000
R.S 2, 40,000
R.S 2, 05,000
R.S 2, 50,000
R.S 2, 00,000
R.S 2, 00,000
R.S 2, 30,000
R.S 2, 50,000
Zara
Ahmad
Noshaba
Aslam
Sana
Batool
Rabia
Ranjha
Danyal
Saleem
Shahzad
Sarwer
START-UP EXPENSES
The estimated start-up capital and expenses as under:
Start-up Capital & Expenses
Inventory
LCD Play Station
Furniture
Generator
Amount in Rupees
1, 12,000
40,000
30,000
40,000
35
CCTV Cameras
Laptop
Carpet & Cushion
Advertisement
Rent (1st two month)
(per month 30,000)
Maintenance
Salaries
Utility Bills
Unforeseen (Contingency)
Total
17,000
15,000
20,000
1, 00,000
60,000
20,000
65,000
10,000
25,000
5,54,000
START-UP EXPENSES
START-UP EXPENSES
2%
Inventory
4%
12%
Furniture
Generator
CCTV Cameras
0%
4%
Laptop
7%
11%
5%
7%
18%
4%
3%
3%
Salaries
Utility Bills
Unforeseen (Contingency)
Each partner has spared and agreed to spend Rs. 1, 00,000 for investment in the business.
Assets worth of each partner has already been mentioned above. The start-up expenses have
been estimated by getting prices of required assets, items and checking utility bills of
competitors.
36
FINANCIAL PLAN
High Fliers Day Care Centre will have an average annual revenue growth rate will be
approximately 34% per year. Day Care Centre will acquire rupees 7, 00,000 of fund from
partners. The projected Income Statements of High Fliers Day Care Centre for first five years
are as follows:
DETAILS
1ST YEAR
2ND YEAR
3RD YEAR
4TH YEAR
5TH YEAR
Sale Services
rendered
3,270,000
4,061,000
8,465,800
9,097,952
12,064,200
Salaries
Utilities
Rent
Advertisement
1,452,000
1, 20,000
3, 60,000
1, 00,000
1,524,600
1, 80,000
3, 96,000
1, 25,000
1,625,830
2, 40,000
6, 75,600
1, 50,000
1,707,122
3, 00,000
7, 43,160
1, 75,000
1,792,478
3, 60,000
8, 17,476
2, 00,000
Admin
Expense
New branch
inventory cost
Depreciation
Miscellaneous
20,000
20,000
30,000
30,000
30,000
8,000
5,000
8,000
8,000
16,500
12,000
16,500
15,000
16,500
18,000
Net Income
1,205,000
1,799,400
5,615,870
6,111,170
8,829,746
Less Expenses
1, 00,000
Here budgeted income statement show profit of business. During first year we will gain
revenue of R.S 3,270,000 after subtracting expenses from revenue we will gain a profit of
R.S 1,205,000 which will increase respectively.
37
Monthly Fees
Years
TOTAL
No. of
Students
Admitted
NEW
STUDETS
ADMITTED
Admission
Fees
Child 4
Month to
1.5 year
Child 1.5 t0
3 years
Child 3 to 5
years
Total
Revenue of
this year
Cumulated
Revenue
1st
2nd
3rd
4th
30
30
(30*20,000)
(05*6000)
(15*7500)
(10*8000)
3,270,000
3,270,000
40
10
(10*20,000)
(10*6600)
(15*8250)
(15*8800)
4,061,000
6, 731,000
55-5=50
25
(25*25,000)
(25*7260)
(20*9075)
(30*9680)
8,465,800
15196800
7010=60
77-7=70
17
(17*25,000)
(22*7986)
(26*9983)
(27*10,648)
9,097,952
24294752
20
(20*30,000)
(25*8785)
(35*10,981)
(30*11,713)
12,064,200
36358952
5th
Base of any business is to make profit. We started our business on the concept of earning
profit by providing our customer high quality and secure environment. Here we estimated
annual revenue of our business. We predicted first year we will have 30 students in our
business and it will increase respectively. We can see on the table we will increase our fees
by 10% per student annually and admission fees will too increased. We will have chances of
losing 5 students which will leave due to increase in fees; you can see it in table third year
row. In forth year we estimated due to completion of their course some students will leave as
you can see in table forth year row. We estimated fifth year we will have total number of 77
students in our High Fliers Day Care Centre.
Yearly Revenue
Monthlt Revenue
1st
2nd
3rd
4th
5th
The above chart explains the projected profit & Sales for the next five years. On X-axis the
years are mentioned where as Profit & Sales are shown on the Y-axis
38
ASSETS
Current Assets
RUPEES
Cash at Bank
Inventories
Account Receivable
4, 86,000
1, 12,000
Account Payable
Fixed Assets
Furniture
Generator
Laptop
CCTV Camera
30,000
40,000
15,000
17,000
Total
7, 00,000
RUPEES
-
Equity
Maryam Ilyas
Zara Ahmad
NoshabaAslam
Sana Batool
RabiaRanjha
DanyalSaleem
ShahzadSarwar
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
7, 00,000
Total
The above mentioned projected balance Sheet for the opening day shows the Assets which
includes current and fixed assets having worth of Rs. 7, 00,000. It also shows the inventory in
hand of Rs. 1, 12,000 to meet the 1st days requirements and a bank deposit of Rs.4, 86,000
for unforeseen business expenditure. On liability side the Day Care Centre has no Current
liability payable except owner equity which partners have invested.
1st
42279
2nd
RS 37322
3rd
R.S72165
4th
R.S63614
5th
R.S76050
Yearly
Revenues
R.S507853
R.S447862
R.S865976
R.S763366
R.S 912605
39
Working
breakeven analysis=fix cost/variable cost (% of services rendered)
1st year
1940000/3.82=507853 annually
42279 monthly
nd
2 year
2073600/4.63=447862 annually
37322 monthly
rd
3 year
2597930/3%=865976 annually
72165 monthly
th
4 year
2671782/3.5%=763366 annually
63614 monthly
th
5 year
2856454/3.13%=912605 annually
76050 monthly
Monthlt Revenue
50000
Yearly Revenue
40000
30000
20000
10000
0
1st
2nd
3rd
4th
5th
40
Assets
Opening
4th Year
5th year
4, 86,000
4, 88,000
3, 70,000
3, 90,000
Current
Assets
Cash At
Bank
Account
Receivable
Inventories
4, 00,000
-
3, 40,000
-
1, 12,000
1, 20,000
1, 30,000
1, 70,000
1, 80,000
2, 00,000
Furniture
Depreciation
@ 10 %
20,000
25,000
(2500)
22,500
(2500)
50,000
(5,500)
34,000
(5,500)
29,000
(5,5)
Generator
Depreciation
@ 10 %
40,000
-
40,000
(4,000)
36,000
(4,000)
72,000
(8,000)
64,000
(8,000)
56,000
(8000)
Laptop
Depreciation
CCTV
Camera
15,000
17,000
13,500
(1,500)
15,300
12,000
(1,500)
13,600
24,000
(3,000)
27,200
21,000
(3,000)
23,800
18000
(3000)
20,400
Depreciation
Mobile App
Depreciation
(1,700)
(1,700)
90,000
(10,000)
7, 04,100
(3,400)
80,000
(10,000)
7, 63,200
(3,400)
70,000
(10,000)
7, 63,300
(3,400)
60,000
(10,000)
7, 73,400
Fixed
Assets
Total
7, 00,000
7, 01,800
41
Liabilities
& Equity
Opening
1st Year
2nd Year
5th year
4,000
15,190
12,400
11,085
100
2,525
5,300
7,963
45,485
45,600
54,352
Current
Liabilities
Account
Payable
1,800
Accrued
Expense
Capital
Retained
Earning
Maryam Illyas
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
Zara Ahmed
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
NoshabaAslam
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
Sana Batool
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
RabiaRanjha
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
DanyalSaleem
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
ShahzadSarwer 1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
1, 00,000
7, 00,000
7, 01,800
7, 04,100
7, 63,200
7, 63,300
7, 73,400
Total
42
Important Notes
Cash at Bank:
First and second year we can see in budgeted balance sheet bank asset is decrease; it is occur
because we will make increase in inventories and furniture of our centre according to the
need of requirements. In second year we purchase more assets to maintain second building
inventory, you can see there is increased in generator, CCTV camera and laptop budgeted
balances. On the other hand our asset cash at bank are increasing following years
respectively. We are maintaining it to meet our daily expense and account payables.
Salaries:
We will increase salaries by 30% annually as you can see above salaries expenses are
increasing repeatedly. In second year there is an increase of a R.S 25,000 salary expense,
which will incur by giving a fee to Mobile App engineer.
Rent:
We will increase rent by 10% annually. In third year rent will increase by R.S 2, 40,000
which will rent of another building taking on rent for business purpose and will increase by
10% annually.
Depreciations:
We will charge depreciation on fixed asset. We are using straight line method for charging
depreciation on all the assets. Depreciation on furniture are increasing because we are
maintaining more items in furniture and new items depreciation are adding in the existing
depreciation. In second year there is an increase of depreciation because of purchasing new
assets mobile app for the business. In third year other assets depreciate by double because we
purchase more assets for fulfilling new building requirement.
Account Payable:
In liability side account payable are increasing. Increase in account payable show here we are
making loyal our suppliers of inventory to make delivery of items on time when we need it.
We will not pay 20% of payments to our supplier so they will engage with us every time
when we need urgent supply of items. In 3rd, 4thand 5thyears our account payable are
decreased because we make payments to our suppliers.
Retained Earnings:
For the purpose of increase in our business we are maintaining certain portions of our income
as a retained earning account.
43
Appendices
CCTV Cameras:
http://hafeezcentre.pk/Security-Tools/CCTV-Cameras-Prices-in-Lahore--pakistan-04235942227962204.html
Laptop:
Najum-ul-sabeeh R.S 15,000
Cell # 0304-6692911
Rent:
Tayyab Warraich R.S 30,000 with 10% increase annually
Cell # 0332-2022208
Cable network:
Tariq Mehmood (Garrison cable network) per month Rs 5000
Cell # 0300-8600133
Economic survey of Pakistan
Resume of Software engineer.
Food & nutrition expert currently done M.phil in food science from sgd uni and now working
in Pepsi co Aquafina dept Islamabad.
44
We are respectful of ourselves and other people. We are respectful of the ideas and feelings
of others. We are respectful of the environment, equipment and materials.
Be Safe
We work and play safely to help keep ourselves and others from getting hurt.
Be Cooperative
We solve our problems by talking and listening to each other respectfully to nd a solution.
When we cannot solve a problem ourselves, we ask for help.
Be Supportive of Learning
We learn to the best of our abilities and support the learning of others.
Appropriate Use of Technology
All children, parents, staff and others involved in our center must use e-mail, electronic
devices and the Internet according to our policies. This protects peoples privacy and the
confidentiality of information.
45
Unacceptable Behavior
The following behaviors by children, staff, parents and others involved in our center are
unacceptable:
Harassment, including behavior that degrades, demeans, humiliates or embarrasses
someone that a reasonable person would know is unwelcome
All forms of abuse (physical or psychological), including verbally, in writing or
otherwise
Discrimination against any person or group because of their race, color, nationality or
o Place of origin, ethnic background, religion, age, gender-determined
characteristics, marital and family status, source of income, political belief.
o Actions that put another person at risk of harm, including violent physical acts
(with or without a weapon) and threatening someone
Proactive Strategies
We actively strive to create an environment that supports the health, safety and well-being of
the children by
Having realistic and developmentally appropriate expectations for behavior
Setting up the environment and materials to encourage appropriate behavior and
reduce potential for inappropriate behavior
Planning a program based on childrens interests and developmental needs
Establishing consistent yet exible schedules and routines that help children gain
trust, security andself-control
We create a positive environment for children, parents, staff and others involved in our center
by:
46
Depending on the severity and frequency of the behaviour, we will consider further steps
such as:
Using behavioural analysis to learn what may be contributing to a childs
inappropriate behaviour andhow to help reduce or eliminate the behaviour
Having a formal or informal meeting to discuss concerns and to develop an action
plan to encourageappropriate behaviour in the future
Developing a written contract with an adult or older child that outlines specic
expectations andconsequences
Giving a written warning that outlines specic concerns and consequences if the
behaviour continues
In extreme cases, we will take additional steps such as:
Establish clear, consistent and simple limits and provide explanations for those limits:
Limits are statements of what behaviour is expected of the children.
Tell the children why they need to follow the limit. When children understand the reasonsfor
limits, they are more likely to comply.
Say: When you sit down, your other friends can see the book.
Rather than: Sit down.
2.Respect Others
47
For example, Aliyan, that hurts Ajya when you threw the book at her. I cant let you hurt
your friends and Icant let your friends hurt you. Books are for looking at the pictures and
reading. Would you like me to read thatbook or shall we put it away?
.3.
Telling children what to do, rather than what not to do, reinforces acceptable behaviour.
Say: Hang your coat up, please.
Rather than: Dont leave your coat on the floor.
Position yourself with your back to the wall, not the children.
Visually scan the room as you are interacting with children.
Keep your own emotions under control.
Keep your own tone of voice and body language calm.
Get to know childrens families and communicate behaviour successes and concerns
When providing guidance, connect with the child instead of coming across as
judgmental or preachy.
Be clear and describe behaviours. Avoid using vague comments like play nicely.
Provide opportunities for children to make amends instead of insisting on a supercial
apology.
If you feel your own level of frustration rising, count to ten and breathe deeply before
proceeding
48