When starting a daycare business, one should consider various matters. Generally, one should consider whether he or she is personally able to handle the commitment to the daycare business, both personally and financially. If so, one should then consider the legal requirements of the business, such as licensing issues by the state and local regulatory agencies. Also, one should draft a daycare business plan. The daycare business plan should provide a statement of the mission of the business. In addition, the plan includes specific goals to achieve the overall purpose of the business. The business plan may also include information on the proposed marketing plan daycare services offered by the company, any time frames for the implementation of the plan and any details as to the management of the plan. Furthermore, the business plan may contain a financial summary, including a balance sheet, cash flow statement and projections for earnings.