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There are many legal considerations in running and managing a business and a childcare provision is a business.
The aim of a business plan should be to set goals, targets and milestones in order to measure achievement. The plan should structure and record the planning process by the identification and evaluation of options and provide a business management tool for control, feedback, delegation and accountability.
It is a document that should be regularly reviewed and updated.
A business plan is often a requirement when applying for finance (ie grants or loans) and may be required when seeking sponsorship.
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