Why start a family service business is a good idea? Nowadays, babysitting centers become more popular and indispensable among newly minted families. Young moms prefer career growth, business advancement, and starting their businesses instead of staying at home with their children. If you are the one who wants to launch an inexpensive business, you can help those mothers and open a family service center. Babysitting services are of the first demand, and they are known for their profitability and popularity, which makes them one of the most attractive businesses.
We have created a family service business plan for such an occasion. It will help you to launch your occupation and receive a steady income from the very start. It is usually rather challenging to plan all the details in the initial stages of business formation. So that in the future, it could generate good income for the owner and could compete in this field of employment.
Family service business often requires much time, care, and attention. That is why we have made a detailed plan to assist you in managing the financial part.
You will be able to use a dashboard for creating various scenarios, make the business assumptions, to build your 5-year financial projection. Moreover, you‘ll see the effectiveness of your business strategies, your progress in reaching targets, and it will make you find new ideas.
Family Service Financial Plan Template Will Help You
- Build a payroll plan with employee assumptions, expenses, benefits, and taxes
- Easily Forecast Cash Levels
- Adjust Group Occupancy by Years
- Set up Group Pricing
- Track Per Kid Unit Ecomnomics
- Easily Model Income Statement And Balance Sheet
- Plan the costs for opening and operating activities
- Plot your Startup Loans repayments
- Calculate Capital Demand
- Reckon a break-even point and return on investment
Benefits of using a Family Service Financial Plan Excel Template
Confidence in the future
Using our financial model, you can effectively plan, prevent risks, manage stocks and cash flows and foresee your prospects for the next 5 years.
We do the math
Have all the features above ready with no formulas writing, no formatting, no programming, no charting, and no expensive external consultants! Concentrate on the task of planning rather than programming.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
Wouldn't it be great to have a list of options to add like transportation, nappies, or food? Financial Plan Template includes a daily pricing assumption for each of the options list. Moreover, the model will hire a bus driver immediately once you chose to set up a transportation option.
You might need to have 50% group occupancy first year, and 75% after. Use the dashboard tab to set up and adjust the occupancy rates by years. This way, you will define a realistic workload for the launch year and forward.
Groups & Number of places
I bet you know that the number of places for each group you plan to have. The number of seats is the place for kids that will draw profits for you. The more seats you have, the more revenue they will generate for you.
Print ready (including a profit and loss statement, a cash flow statement, a balance sheet, and a complete set of financial ratios).
A very sophisticated financial planning tool, whatever size and stage of development your business is. Minimal previous planning experience and very basic knowledge of Excel is required: however, fully sufficient to get quick and reliable results.
Family Service Financial Plan Excel Template Reports
Build your plan and pitch for funding
Impress bankers and investors with a proven, strategic business plan that impresses every time.
Break-even point calculation
This indicator is calculated at the begin of each startup for understanding whether it is appropriate for doing this kind of business. It shows what revenue should be to cover all the costs of doing business, including taxes. When it is reached, the company begins to bring in profits, which means that the investments made in the startup start to pay off.
Financial performance KPIs
Here you can visually track key financial indicators over the five years period as well as 24 months period.
- EBITDA/EBIT shows your company's operational performance
- CASH FLOWS shows your company's inflows and outflows
- CASH BALANCE this is the forecast of cash in hand you will have.
Pre-built Integrated Financial Statement Structure
all of the core financial statements (Balance sheet, income statement, cash flow and statement of shareholder’s capital) are precisely defined and connected with the inputs
Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.
Comparison of performance indicators in the model and in the industry.
All in One Place
Includes all required forecasting reports containing assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months, quarters and years (incl. numerous graphs and KPIs).
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
With just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated.
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
Top Expense Category Report
It is very important to plan costs so that your company is profitable. It is necessary to analyze what are the highest costs and always work on their optimization. This report summarizes 4 biggest expense categories and the rest of the expenses as the “other”.
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.