Child Care Centres
The child care industry represents a fairly lucrative opportunity. Despite the slowing of the global economy, demand remains strong in this industry.
Research has shown that birth rates for working-age women are increasing. And, these women are eager to return to the workforce.
Child Care Centres Business
Since the industry seems to be growing, how does an entrepreneur get a start? Maybe you would like to jump right in and you would consider a child care centres business for sale.
In most cases, that's not a good idea, but different things work for different people. Before you even start this type of company, keep in mind it's highly regulated.
A large amount of regulations means many bureaucratic headaches, which turns off many entrepreneurs. Fortunately, if this type of business is interesting to you, you can start it with just a few hundred dollars.
Or, if you're looking to go in the opposite direction and create a chain, demand is strong enough for that as well. You also have great opportunity to provide different kinds of services.
The best starting candidates for your childcare services business are parents with children age 0 to 5. If both parents are working, they may need full-time childcare services.
At 5, children are in school most of the day. Starting an effective after-school program accesses this market segment well.
Be sure to research your local market thoroughly. What are the demographics of the area population? Is the population growing or shrinking? What are the career choices of individuals in this area? The answers to these questions reveal what services to offer.
In most cases, people use their own cash and credit cards to start their child care centres. Startup financing can be difficult to obtain from a bank. But, if the bank sees your business is already experiencing success, it may make a loan down the road.
Additionally, you can talk to friends and family about loans. However, relationships can quickly become ruined if your business fails. Write everything down on paper, and only borrow from those who can afford to lend.
If you're looking at selling a child care centres business, many buyers are available. The industry is strong and is expected to continue to grow. If you're looking at buying a child care centre business, the industry's strength may force you to pay a premium!