Thinking about opening a preschool or kindergarten? We tell you what you need to know to get started.
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Creating a Business Plan for a Preschool or Kindergarten
One of the worst mistakes you can make as a small business owner is to launch your company without having written a business plan.
A good business plan defines the game plan. If you don't have a business plan, your leadership will be handicapped, choosing short-term opportunities at the expense of long-term benefits.
Before you make another business decision and before you start writing a business plan, you need to create a mission statement. Once you're satisfied with your preschool or kindergarten's mission, it's time to initiate the hard work involved with writing the rest of your preschool or kindergarten's business plan.
Evaluate the Competition
Prior to opening a preschool or kindergarten in your area, it's a good idea to find out how many competitors you have. We've provided the link below to help you get a list of local competitors in your city. Just enter your city, state and zip code to get a list of preschools or kindergartens in your community.
Is the local market large enough to support another preschool or kindergarten? If not, you had better be sure that you are doing things much better than the competition.
Talk to People Who Are Already in the Business
If you are interested in starting a preschool or kindergarten, it's essential that you learn as much as you can from somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. It'd be crazy for them to teach you the business.
Thankfully, an owner of a a preschool or kindergarten on the other side of the country may be more than happy to give you a few tips, after they realize you reside far away from them and won't be stealing their local customers. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. Our estimate is that you may have to contact many business owners to find one who is willing to share his wisdom with you.
How do you find a preschool or kindergarten entrepreneur who is willing to talk to you but doesn't live nearby?
Easy. Find them using our link below and start calling until you are successful.
Benefits of Buying a Preschool or Kindergarten
On a percentage basis, more entrepreneurs intend to enter preschool or kindergarten ownership through a startup than through a business purchase. Yet preschool or kindergarten 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 preschool or kindergarten, 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.
Explore Franchising Options
The odds of doing well with your venture are much greater if you purchase a franchise in lieu of doing everything yourself.
Before opening a preschool or kindergarten, you may want to check out whether there are good franchise opportunities available that might help you avoid common entrepreneurial mistakes.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you currently own a preschool or kindergarten, these resources will come in handy:
If you sell to preschools or kindergartens, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.