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Business Finance

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My group's business is child-care center, which is for kids after school or their parents don't have enough time to take care of them. They can learn, play and many other activities. Please based on this, finish the questions.

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Surname 1
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Tutor
Course
Date
Structuring A Successful Child-Care Center Business
I.

How Can We Earn Revenues If We Were to Offer Our Best-Selling Product/Service
for Free?

Selling something for free is a sure way to fail in the business and go broke. Businesses
alternatively find ways of earning a profit by simply giving their products/services away.
Starting up a child-care Centre aims at making profit and generating revenue. Therefore, the
business can either operate as a small home-based enterprise or a large commercial center. The
best way to start earning revenue while offering free products and services is by trying to partner
with local charities. It will involve children who have reached a certain age, around six years, by
engaging in activities in collaboration with the organization in question at fee. We can also use a
freemium model with the idea of subsidizing the free offerings with a premium offering that a
small percentage of the parents are willing to pay for. Deferred free is also a good idea where as
a loyalty business, we can reward those customers who utilize more of our services and products.
II.

Around Which Assets Could We Build A Platform Business?

A good Child-care center business should be based on around various assets. The business wil...


Anonymous
This is great! Exactly what I wanted.

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