Why starting a Childcare Business Nursery is one of the best businesses to start in 2024!

Transcript

INTRO

Why starting a childcare business is one of the best businesses to start in 2024!

If your new to entrepreneurialism and you are thinking about what business to get started doing.  There are hundred’s and thousands of different options. 

Many of them are tough.

Tough to get started, tough to run and tough to make money from.

But one that I recommend and has been very successful for myself.  And even one that was the number one recommendation from a more popular youtuber James Sinclair of his top 6 profitable business to start is opening your own childcare business.

Here I want to give you a little bit more information about Why starting a childcare business is one of the best businesses to start in 2024 and how you can do this for yourself.

But first welcome to the channel.

INTRO VID

Welcome to the channel open a nursery with myself Curtly Ania, where I support you to Open run and grow your own childcare business.

Today we’re discussing Why starting a childcare business is one of the best businesses to start in 2024!

This is a field that I love.

If you’re new here I’ve opened a few nurseries myself.

And supported numerous others to achieve their dream of opening their own.  Some of which now also own multiple nurseries themselves/

I also have 100s of other people enrolled on courses as I support them to go through the process as well.

Now a childcare business is unique to other businesses and if you can get it right will be a business you can have for many many years, generating a good passive income for yourself.

Some businesses are so difficult as you have to do a lot and sometimes wait years before generating an income and before making a profit.

Nurseries are different as it has the perfect model to generate an income straight away.  Many of the nurseries I’ve opened have started making a profit prior to their first day.

One of the reasons why childcare is such a good field.  Is that customer acquisition is relatively low.

On top of this you also have a good customer lifetime value or good churn rate.  This is how long each customer stays with you before ending their contract and moving on.  In most fields you can spend lots of money trying to acquire a customer only leading to them staying or using your product for a few months, or only repeat buying a few times.

The childcare field is different.  Each customer is likely to stay with you for 3 to 4 years as most only leave when it’s time to go to school.

These two things are some of the most important things when you are looking for a new business to start.

How much does it cost to acquire a customer and how long will they stay with you once acquired.

A childcare business excels in both these aspects.

It’s crucial that whatever business you start, if you want ease of running it, that it satisfies these two things.

This is why starting a childcare business is one of the best businesses to start in 2024.

Another key thing that makes starting a childcare business one of the best businesses to start this year is that it provides good cashflow.

Parents and the government pay you upfront for the service.  The government tend to pay you three months in advance when they pay for your funded hours.

This means you can generate an income before your first day and you haven’t got to worry about cashflow or chasing debtors as much.

You get paid in advance enabling you to pay your expenses as and when they come.

This helps to reduce the amount you need to start up and getting running significantly.  It also helps you to budget and set plans much better.

You also get very predicable cashflow.

You will know each month how many children will be attending your nursery. Whether that be 50 children per day or 20 children per day, you can reliable predict and plan how many children will be attending and you will know how much you can generate from this.  This is because parents sign up in advance, stay with you for an extended period and pay for the place not for attending.

So, even if parents don’t attend you know you have that dependable and predicable income each month.

This differs to other businesses like a restaurant or a nail shop, whereby it’s difficult to predict how many customers might attend on a certain day.  Or who suffer heavily when a client doesn’t turn up or cancels.

Most businesses start from zero each month having to find new customers.  Nurseries don’t have this issue you have a contract with parents to continuously provide them with services throughout the year.

Another reason why it’s a great business to get started in is because it is regulated.  Heavily regulated too.

This gives you a clear set of standards you have to meet.  Which makes it easy for you to understand and get involved.

By following the criteria you can effectively compete with the rest of your competitors and can clearly see where you can improve on them.

Ofsted reports are generated for each nursery so you can see where other nurseries in your area may be struggling or even succeeding and put in plans to compete with them.

Childcare businesses are also great to scale.

So, once you have one nursery it becomes much easier to open another and then another. 

Ofsted will register you much quicker if you own one already and you can build on the reputation of your current business.

Childcare businesses are recession proof. Childcare businesses are an essential business.  Parents are always going to need childcare.  It’s just a fact of life.

Even during covid it was one of the few businesses that had to stay open in order to keep the economy and country running.

So, as long as you establish a good nursery, you have your business for life, or as long as you want it.

This is why opening a childcare business is such a great business to get started in.

But why now!  Why is it one of the best businesses to start in 2024?

These are all good reasons to start a childcare business in general.  But why is it such a great time to get started now!

Well if your thinking about opening a childcare business in the past but not gotten around to it now, then you’ve actually lucked out.  And if your foolishly thinking of putting this off into the future.

Don’t do this.

You’re going to miss out.

Now is the best opportunity to begin opening your own childcare business.

Why?

Primarily because of the government new funding roll-out.

The conservatives announced a new funding roll out which will extend funding to all children aged 9 months old.

Meaning all parents can send their children for up to 30 hours without paying a penny.

What does this mean?

An increase in demand.

The first roll out which was introduced in April 2024 has already seen nurseries struggle to meet this increase in demand.

Parents are struggling to find nursery places for their children, with long waiting lists at existing nurseries.

This is an opportunity for you!

You can get started now and tap into this increased demand.

The government needs new nurseries to be opened.  You could help be the solution.

They’re currently even paying staff bonuses to return or start a new career in childcare.  As well as putting out campaigns to boost recruitment in childcare.  So, you’re about to be getting even more support with getting staff into your business.

This is why there has never been a better time to start opportunity to start a successful childcare business.

If you want to know a little bit more about the process and want to get started opening your own nursery.

Then begin doing so by enrolling on the free course that you can see on the screen.

It’s the perfect introduction if you want to know if running a nursery is for you.  It goes through the process of how to do so and helps you to work out some of the initial costs you are likely to encounter.

So, click the link here now to begin.

I look forward to supporting you.

God Bless.

Go From Nursery Worker to Nursery Owner In Just 6 Months

By the end of this course, you will know and have everything you need to open your own nursery.

It is THE MOST COMPLETE GUIDE to setting up a nursery in the UK.

If you’ve ever wanted to know how to, or have the desire to open your own nursery then this course is for you.

Whether you want to open your nursery now, later on in your career or you already own your nursery.  There is so much to learn from this in-depth course.

This course should give you the confidence and push you need to achieve your dreams.

CLICK HERE TO LEARN MORE

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