Starting your own Nursery: The Business of Childcare

NathalieM By NathalieM, 19th May 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/26gkou0q/
Posted in Wikinut>Business>Starting A Business

Starting your nursery can seem like a tall order, but working with children is immensely rewarding and can help you create solid ties with your local community. Nurseries are excellent for helping children acclimatise to their impending school years, from both an educational and social perspective.

In this piece, I’ll exploring some of the things to consider if you’re looking to get into childcare. This includes the legal aspects and how to create a comfortable environment for children.

Starting out

Before you do anything, remember that working with children requires many legal obligations. You’ll need to pass strident health and safety checks, as well as a DBS check to ensure you have no criminal record and are allowed to work with children.

As solely the proprietor of the nursery, you do not need any qualifications to operate, but if you wish to take a more hands on approach as a manager or supervisor, you’ll need at least an NVQ level 3. You’ll also need to take on some experienced staff, with at least 2 years working in a nursery environment and the appropriate NVQ qualifications.

Facilities

Providing quality facilities is important to the well-being of the children. Your premises should provide ample space for all children to play or have private space if they require it. Beyond size, the location is also important and should cater to the convenience of parents within the local area. It will also help to provide parking so parents can drop off and collect their children with ease.

You facilities will also require multiple inspections. Initially, you’ll need to complete a risk and safety assessment from the Early Years Foundation Stage, which dictates all statutory standards required by the state. Ofsted also now inspect all day-care and nursery facilities, so you will need to undertake an inspection and meet the deemed quality requirements.

Funding

As an essential service, nursery owners are eligible for a number of grants and funding provided by local councils. Once you’ve secured your facilities, find out which benefits you’re entitled to. This will be decided by multiple factors such as the area you operate in, the ages you’ll be looking after, and the size of your facility.

Once you’ve registered with Ofsted, you’ll also be able to claim a childminder start-up grant, which is commonly aimed at providing essential equipment and assist with any other start-up costs incurred. You’ll also need to have put at least £100 into your business to be considered.

Planning

Children’s nurseries require huge amounts of planning. As such, estimating your expenditure and revenue before going into business can help you better understand the market. Do your research and see what other businesses in the area are offering, and also talk to parents to get a better idea of what they’d like out of a nursery.

Consider your strengths and weaknesses and account for them within your team. If you want to get the word out on your new nursery but you’re unsure how, hire a marketing professional to help you stand out. Similarly, if you’re not great at dealing with numbers, hire an accountant to help manage important finances such as invoicing, wages, bills and maintenance funds.

Teaching

Whilst intended as a fun atmosphere for children, nurseries also provide an essential teaching service which equips children to enter their first year of school. These standards are set out by the Early Years Foundation Stage, and your curriculum should cover:

• Personal development
• Language and communication
• Mathematical development
• Knowledge and understanding of the world
• Physical development
• Creative development

How you cover these areas is up to you but you can be as creative as you like, so find a way of engaging children through fun and interesting teaching methods. Finding teaching staff who are up to the task will be crucial in ensuring a child’s academic needs are met.

Thanks for Reading

Please read some of my other Wikinut business guides such as ‘Fancy Setting up a Charity?’ Or ‘Can I Really be a Landlord?’.

You can also follow me on Twitter for more updates.

Tags

Business, Business Guide, Childcare, Children, Daycare, Finances, Nurseries, Nursery, Preschool, Small Business, Start-Up

Meet the author

author avatar NathalieM
Hello! I'm Nathalie and I love writing about what makes my world tick! Fashion, weddings, interior design, health, property..You name it, I will write about it!

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