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Along with the daily – and often dramatic - ups and downs of life as a toddler, you’ll have a complex business model to manage.Rules and regulations, staff training, strategic planning, cashflow monitoring, customer service challenges, reputation management, ongoing marketing: they’ll all require your attention.You can then factor this figure into your financial planning.
If you’ve got a passion for teaching and nurturing, along with the right qualifications, spending your days with a group of fun-loving toddlers will sound like a dream come true.
And with childcare costs and availability of suitable places an ongoing issue for working parents, demand will never drop off.
Highlight what you can bring to the business to make it a success: think of it as an elevator pitch. The company overview builds upon the executive summary to give further insight into your plans.
This is your opportunity to tell your story about why you’re starting a nursery business.
Don’t forget to consider playgroups and home-based childminders in this analysis. Naturally, they’re going to be parents, but beyond that they can differ widely.
Some of those with two-year-olds will be entitled to more government support than others, others will be relying on childcare vouchers from their employers, some will only need a few mornings a week, others will need a full-time place.Include your motivation, experience and qualifications to sell yourself and your vision.If you’ve never run a business before, imagine you’re already a successful entrepreneur and channel the confidence you know that will give you.Investigate the demographics of your area such as average wage, population levels and fluctuations, and birth rates.Every nugget of information can inform your plans and improve their accuracy.) and how many committed staff members you already have on board.This might seem obvious, but you need to outline all the services you’ll be covering.So, in theory, it’s the perfect start-up opportunity.But starting a nursery business isn’t all singing songs and sharing cuddles with small people.The industry is worth £4 billion, employs over 188,000 people and provides childcare for 1.2 million children.Since then, and due mainly to the introduction of the 30 hours free childcare policy, the number of childcare providers registered with Ofsted has fallen.