Setting up a new Nursery – Avoid the common mistakes when starting up in the Nursery World – Part 1
Setting up a new Nursery, Pre School, Kindergarten or Day Care Centre can be a risky business with success not always guaranteed. If you're interested in setting up in business in the Nursery World here is some advice to help you avoid the common mistakes.
So you've finally decided to go it alone and set up your own Nursery. Well congratulations on making this big decision and good luck in your new venture. Here are some tips to help you along the way:
1. Do your research
Market research for any new start business is vital and this certainly applies to people considering setting up in the Nursery World. It may have been your life long ambition to set up and run your own Nursery but is it really a viable option?
In fact is there even a demand for a Nursery, Pre School, Kindergarten or Day Care Centre in the location you're planning on opening one? You can check the census to find out local birth rates and the number of children of nursery age in the area.
The internet, local councils, libraries and speaking to people in the area you're planning on opening your new nursery can all give you valuable information into what is required.
Finally on the matter of research it's important to remember that many new start businesses and new nurseries fail because there is simply no demand for them. Check out your competition and never forget that without enough children actually attending your nursery may well be doomed before you even begin.
2. Get your finances right
So if your dream is to open and run a nursery, pre school, kindergarten or day care centre and you've done your market research to establish a need in the area then getting your finances right from the start is also vital.
Make sure your business plan (we'll look more at business plans for Nurseries in Part 2) is realistic and takes into account that it takes time to establish a good reputation for a new nursery.
And on the subject of finances getting professional advice for your new venture will also come in handy. Accountants and financial advisors can help you with your borrowings and making sure you manage your money effectively.
You might also want to consider using an Insurance Broker for your Nursery Business Insurance. An Insurance Broker who specialises in Nursery Insurance will be able to help you with risk management advice and make sure you only pay for the Nursery Insurance cover your need. Save Money on your Nursery Insurance premiums and get the protection and peace you and your new nursery needs.
In Part 2 of Setting up a new Nursery – Avoid the common mistakes when starting up in the Nursery World we'll look at Nursery Business Plans, Competitors and other common mistakes from new start Nurseries.
Visit http://www.northerncounties.com/nursery-insurance.php for more information on Nursery Insurance
So you've finally decided to go it alone and set up your own Nursery. Well congratulations on making this big decision and good luck in your new venture. Here are some tips to help you along the way:
1. Do your research
Market research for any new start business is vital and this certainly applies to people considering setting up in the Nursery World. It may have been your life long ambition to set up and run your own Nursery but is it really a viable option?
In fact is there even a demand for a Nursery, Pre School, Kindergarten or Day Care Centre in the location you're planning on opening one? You can check the census to find out local birth rates and the number of children of nursery age in the area.
The internet, local councils, libraries and speaking to people in the area you're planning on opening your new nursery can all give you valuable information into what is required.
Finally on the matter of research it's important to remember that many new start businesses and new nurseries fail because there is simply no demand for them. Check out your competition and never forget that without enough children actually attending your nursery may well be doomed before you even begin.
2. Get your finances right
So if your dream is to open and run a nursery, pre school, kindergarten or day care centre and you've done your market research to establish a need in the area then getting your finances right from the start is also vital.
Make sure your business plan (we'll look more at business plans for Nurseries in Part 2) is realistic and takes into account that it takes time to establish a good reputation for a new nursery.
And on the subject of finances getting professional advice for your new venture will also come in handy. Accountants and financial advisors can help you with your borrowings and making sure you manage your money effectively.
You might also want to consider using an Insurance Broker for your Nursery Business Insurance. An Insurance Broker who specialises in Nursery Insurance will be able to help you with risk management advice and make sure you only pay for the Nursery Insurance cover your need. Save Money on your Nursery Insurance premiums and get the protection and peace you and your new nursery needs.
In Part 2 of Setting up a new Nursery – Avoid the common mistakes when starting up in the Nursery World we'll look at Nursery Business Plans, Competitors and other common mistakes from new start Nurseries.
Visit http://www.northerncounties.com/nursery-insurance.php for more information on Nursery Insurance
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