INFORMATION REQUIRED FOR BUSINESS PLAN FOR NEW FOSTERING AGENCY general information and questions that you need to consider if you are seeking to setup a foster care gaency setting up a foster care agency

1. General Information & Questions
that you need to consider if you are
seeking to setup an Independent
Foster Care Agency
A guide to assist you in launching your own
Independent Fostering Agency business
E &OE
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2. • INFORMATION REQUIRED AND RESEARCH
NEEDED IF YOU ARE SEEKING TO DO A BUSINESS
PLAN FOR NEW FOSTERING AGENCY
• Introduction – WHY, Reasoning and Rationale
• The Sector as it is at the moment
• The company – details of ownership and directors
structure and why
• Senior Management Team – cv’s – who is going to
be the RI and the Registered Manager
• Anticipated additional staff in first two years
• Relationship with Local Authorities
• Foster Carers – where you will attract the carers
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3. Copyright © 2017 TCI Pathway
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The geographical areas you will cover
Funding of the project
Premises
Principal assumptions relating to the projections:
When will the first placement come? Increase in placements over the first two years
What fee will you charge Local Authorities?
How much you will pay the carers? (do some market research calling some local
fostering agencies)
Staff – salary levels and when they will start to get paid, what pension contributions will
you be paying for staff
Other consultants
Cost for each Form F
Training costs
Medicals
Panel fees
Rent – when paid? Quarterly? Monthly?
Any rent deposit paid?
Rates

4. • Marketing plan and budgets - Cost incurred with this
and will you differentiate?
• Registration Fees –OFSTED
• Fostering Network Fees
• What software will you be using and Cost of
equipment, desks, telephone system, computers etc
• Finance – budgets and finance line
• Transport – will you be running cars? Will you just pay
mileage at 45p per mile?
• Identify all Risks and contingencies
• The list is not exhaustive – but a prompt.
• Best of luck……
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5. Everything starts with a conversation, so let’s talk:
Safaraz Ali
Linkedin: https://uk.linkedin.com/in/safaraz
Twitter Handle: @SafarazAli
Tel: 0121 707 0550
Copyright © 2017 TCI Pathway
www.tcipathway.co.uk