Preschool Franchise Or New Preschool ? What's Best ? Have Look.
Thinking of starting a preschool? Confused between Preschool Franchise and Completely New Preschool.
You & your team are qualified, you are passionate about teaching children, you have space, your locality is conducive to starting a new preschool. Success can be yours if you think about the following :
1. Do you have a business plan in place? Business plan vetted by an expert will give you the confidence and will help you avoid the usual pitfalls. It is a good idea to keep comparing the business plan with your budget every step of the way.
2. Do you have the infrastructure in place? Preschool needs a decent place since you are dealing with small children. Children can be more dangerous than you think. You need to maintain certain hygiene and have proper grills and locks for the doors and windows. Small things but can make a huge difference.
3. Does your team know teamwork? You may have a well-qualified team in place but can all of them work together as a team. Try testing them out by holding some live training sessions.
4. Do you have the correct market pulse? Yes, it is your passion to start a preschool but have you priced it correctly? Do you have the confidence of pulling parents with the fees you are going to charge? Basically is there a proper marketing strategy in place?
5. Have you taken into consideration the various taxes & laws affecting the operations of a preschool? You need to consult a CA & a lawyer before embarking on this venture since otherwise you may find yourself in trouble with various authorities.
Our Recommendation :
Go with a brand. Better to start a preschool franchise. Associate yourself with a well-known brand and take a preschool franchise from them so that they can help you avoid all pitfalls related to all of the above. They will bring in their rich experience of running a successful preschool. All you have to do is pay them some royalty, a share of the fees per student you enrol. Not a bad deal considering that you have a permanent mentor to guide you through all situations you may face.

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