Wee Care Childcare Center: Opening and Operating Expenses
             Opening a new childcare business is not something that one should mindlessly rush into. To stand a chance of creating and maintaining a financially successful childcare business, one must devote countless hours of research and planning into the developmental stages. Within this paper, not only will the planning of Wee Care Childcare Center (WCCC) be discussed, the 2004 annual cash flow report will be disclosed.
             In researching the childcare business, I met with Mrs. Billie Martin, owner and operator of Happy Times Daycare in Olive Branch, MS. Mrs. Martin has been in the childcare business for approximately 25 years (Martin, 2004). In addition to Happy Times, Mrs. Martin owns another childcare center in the Desoto County area. Ms. Martin stated, "The key to success is location, securing your capital for start-up expenses and maintaining a balance in your enrollment numbers, building size, and number of employees"(Martin, 2004).
             After speaking with Mrs. Martin, I felt I needed to divide my planning into various stages. The initial stage was securing funds to cover start-up expenses. Secondly, I began determining what might be the most desirable location. Thirdly, I had to decide if a building would be purchased or rented. Following the first three stages, I began looking into the enrollment numbers/fees, purchasing of equipment and hiring employees. After planning for the planning, I was ready to begin putting the wheels in motion to open Wee Care Childcare Center.
             After looking into funds readily available, I did not feel that I needed to secure a loan, as I had $100, 000.00 to use as capital in my new business venture. My intention was to use the money sparingly, yet meet the needs of the parents and children of the community for which I would be serving.
             Deciding on a location was my next challenge. For other purposes, which would now prove to ...