Creating a business strategy should be one of your first orders of business. A preschool is not any different from any other business when it comes to the first stages of establishment. In what ways do costs need to be accounted for? When deciding on a price, how should you approach it? At what ages do you enroll? When should you be open? Here’s how to design a comprehensive strategy for your preschool business plan.
Crucial Business Choices You’ll Have to Make
Format of Permit:
In-home child care licenses are available in at least two forms in most states. More children are permitted on a “big” license, which is often differentiated from a “small” license. Those just starting out will need to decide on a specific license. Typically, each has its own set of prerequisites. In California, for instance, you need to have experience working in a licensed child care center and fulfill specific fire safety regulations, such as the number of exits in your house, in order to receive a large license for up to 14 children.
Remember that just because you’ve been granted a license to care for a specific number of kids, it doesn’t mean you have to actually care for that many kids. You can acquire a bigger license if you’re eligible for one, but you don’t have to serve more than 6-8 kids.
Whatever you decide, you should familiarize yourself with the fine print of your license. A maximum of how many kids can you have at once? When working with children, what minimum staff-to-student ratio must you uphold?
Is a whole day’s worth of programming in the works? How about a half-day workshop instead? Do you plan to run on a “regular” school day schedule and provide before- and after-school care for an additional cost?
Variety in care alternatives is essential for families. Your local neighborhood should be a consideration when deciding what hours to keep your business open. A half-day schedule might be ideal for families with several stay-at-home parents. It may be necessary to provide longer hours of operation if many of your employees are both mothers and fathers who must travel considerable distances to reach their places of employment.
What you choose at first may not have to stay that way. It’s easy enough to modify in the future if necessary. If you aren’t generating much interest or families aren’t enrolling after touring, you probably aren’t meeting the needs of the families in your neighborhood.
Provide the following schedules:
You should give some thought to the schedules you will provide and how they relate to your hours of operation. To what extent do you accommodate working parents? Are part-time students not acceptable, though? How do part-time shifts work if they are offered? Could it be Wednesday or Friday today? Could it be that the days are split in half?
You might think about charging more for part-time positions due to the difficulty in finding replacements and the additional paperwork involved. However, not everyone is willing to provide just occasional child care.
Ages for enrollment:
Who you choose to enroll will depend on how open you are and what experiences you have had. It might be a good place to begin if you have extensive experience working with or teaching a particular age group. Even if your background is in working with young children, you may want to broaden your horizons since most in-home programmes cater to a range of ages. Infant care is always in demand, so it might be a good place to begin if you’re looking to fill positions fast.
The fees you may charge will also depend on the students’ ages. Prices for newborns might go up because of the lower ratios necessary to care for them. Many events charge a different fee for kids under 2 compared to those older than 2.