How to be a Part of Early Childhood Education Business
Parents these days want their kids not only to be academically the best but also sound in other co-curricular activities.
Thanks to the growing number of reality shows for children such as dance shows, acting shows, singing shows, that other than studies, hobbies too have taken a step forward in carving the future of the children.
This is why parents are ready to walk that extra mile in order to fulfill their kids dreams as well as to be called out as the best parents, they start their training as early as possible.
Market research analysts at Technavio have predicted that the preschool or child care market in India will grow impressively during the forecast period and will also post a CAGR of almost 22% by 2020.
Here are a few points to keep in mind before going to make a business in daycare sector:
The first and foremost step towards any business is the preparation of task, which will be performed out.
An entire generation is going to get their base of learning from your daycare and it will depend on where the children get admission and all this will reflect on your business and profit.
Thus the staff as well as the owner should have proper training about dealing with small children and making them learn different things, which will help them in fetching good schools in future.
Moreover well trained staff, who will take care of the hygiene in the washrooms and first aid room is must.
2. Licenses and Certifications:
Once the reputation is made or the brand is formed, business will flow in through tie ups with big banner schools. Moreover there are chances of getting a good enough space to continue your business.
Certification for opening a brand new daycare or buying franchisee from a renowned brand, everything can come to full stop, if one takes certification lightly. It works as a trust link based on which parents will satisfactorily send their children to your daycare.
3. Home Inspection:
If you have bought a big enough space in an apartment or nearby some school, this does not justify opening a daycare.
The daycare should be safe for children, thus it should be away from the main road or should be well equipped with security personals.
The distance between the daycare and the children’s houses should not be more than 5kms, so that parents can come to drop and pick their children without losing out their jobs.
The day care should be equipped with toys and other equipments which are safe for children’s use.
4. Investment and Loans:
One can get easy loans being approved by banks or can get associated with other big established brands. Many banks prefer going through the entire business plan, which assures them that their money is not going to serve a fraud or scam, which is why it is important to build a business plan.
Moreover the investors also go through business plan and can vouch you for funds or getting loans.
The bottom line is this business is one time investment and one can bear fruits all throughout the season and years.
If the daycare outperforms in the first year itself, there are high chances of getting funds and investments from the other renowned investors.
Are you ready to take the leap of faith? Follow the crucial points and take the first step towards making yourself a big brand.