Drawing up a business plan for your nursery is like writing a script for a pitch for funding from the 'Dragon's Den' team - if not quite so scary.
Your potential investors, to whom you will go with the plan, will apply the same general principles that the multi-millionaire executives require of the contestants on the TV show. They will want to know that your planned nursery is a financially viable proposition and your figures add up.
In the current economic climate it is more important than ever to prepare a sound business plan to secure a loan. As Ian Murchie, relationship director in the healthcare team at Barclays Corporate, says, 'We are certainly open for business and lending money to good operators.'
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