Thinking about opening a child care center? We tell you what you need to know to get started.
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Creating a Business Plan for a Child Care Center
A common mistake for a small business owner is to not create business plan for your startup child care center.
The key benefit of writing a business plan is that it establishes both a framework and a roadmap for your business. If you don't have a business plan, your leadership will be handicapped, choosing short-term opportunities at the expense of long-term benefits.
Start by defining your business mission. The process of writing a mission statement doesn't have to be complicated. From there, it's time to initiate the hard work involved with writing the rest of your child care center's business plan.
Check Out the Competition
Prior to launching a child care center within your community, it's essential to find out how you will fit in the competitive landscape. Try our link below to find competitors near you. After following the link, enter your city, state and zip code to get a list of child care centers in your area.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
If you are interested in starting a child care center, it's essential that you learn as much as you can from somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. It'd be crazy for them to teach you the business.
However, an entrepreneur who owns a child care center in a different city will be much more likely to talk with you, after they realize you reside far away from them and won't be stealing their local customers. In that case, the business owner may be more than happy to discuss the industry with you. In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
How does one quickly and easily locate a child care center founder in another community?
Easy. Find them using our link below and start calling until you are successful.
Advantages of a Child Care Center Purchase
On a percentage basis, more entrepreneurs intend to enter child care center ownership through a startup than through a business purchase. Yet child care center startups aren't easy - many fail within the first year.
So it makes sense that the idea of buying vs. starting a business should be carefully evaluated before you commit to an ownership strategy. By buying a profitable child care center, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.
Franchising May Be a Better Way to Go
Franchised business startups give new business owners instant access to a proven workplace routine. A good franchisor can arm your startup with the procedural assets it needs to function smoothly from the start of operations.
With many child care center franchise opportunities to choose from, we recommend visiting our child care franchise directory to determine which franchisors are consistent with your vision and goals for your startup.
These additional resources regarding starting a business may be of interest to you.
If you sell to child care centers, we've got better information for you elsewhere on our site. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.