Business plan Essay Example | Topics and Well Written Essays - 500 words

Business plan - Essay Example Fakiri will manage day-to-day operations of the business. Both have strong management and administration skills. In addition, Ms. Fakiri has experience as she began working with children as baby sitter when she was at the University of Reading. Those skills support Master Minder’s goals. The UK’s changing demographics have led to families becoming more fragmented with parents of young children often finding they have little or no close family support when they start a family. But professional babysitting agencies are an emerging business trend as they provide a cheap form of childcare and represent an attractive option for busy mothers who need help not only with childcare but also with light house hold duties. Childcare provision is a clearly segmented market, as a result of legislation1 and constantly changing market needs. British parents pay high childcare bills and despite Government initiatives and tax changes, there is a growing need for the expansion of private sector services. Service, price and reputation are essential success factors in the childcare services industry. Master Minders will compete well in this industry by offering competitive prices, high-quality childcare services and by maintaining an excellent reputation with parents. Our target customers are dual-income, upper-middle-class families mainly managers and senior officers who value the quality of education for their children. We will start our business on the First January 2009, starting with an initial enrollment of 20 baby sitters. Our first office will be based in Reading. We project healthy revenues and a high net profit for the four first years. The long term vision includes a number of offices through out UK. The high profit will help the company to achieve its long-term goal which is to franchise and/or to become multi-location. Master Minder’s mission is to contribute to the community by filling a need for qualified baby sitters. Master Minders only works with