be beneficial, I had researched the population growth in Desoto County, MS. As shown in Figure 1, during the period of 1960 – 2000, growth in Desoto County, MS, steadily increased. Based on this information and the fact that I have been a resident of this area for the past nine years, made this an ideal location for my business.
             Rather than purchasing a building, I began looking for a building to rent within the Olive Branch, MS vicinity. I was fortunate to find a building that had previously housed a daycare facility. The building location appeared to be perfect, located in the center of Olive Branch, meaning this location would provide easy access to prospective clientele. The building is approximately 5500 sq. ft., which is divided into eight classroom areas, 5 restrooms, a kitchen, laundry room, storage area and office area (Appendix A). The monthly rent for the building, with some existing appliances, stove, refrigerator, freezer, and washer/dryer, is $5,500.00. Based on the location, size and rent, a one year lease was signed, with an option to extend the lease for an additional year in December 2004.
             Prior to purchasing equipment for the daycare center, I researched the Mississippi State regulations governing licensure of child care facilities, as this information would have an impact on the number of children allowed and the number of employees that would need to be hired. Mississippi state regulations state, when children are placed in groups, the maximum group size shall be determined by the following:
             Age of Children in the Group MAXIMUM number of Children ALLOWED in a group of children this age MINIMUM number of caregivers REQUIRED for a group of children this age MINIMUM square footage REQUIRED for a group of children this age
             (Under 12 months) 10 infants 2 caregivers 40 square feet per child
             (12 months to under 24 months) 10 toddlers 2 caregivers 45 square feet per child
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