How To Start A Profitable Preschool And Daycare Business In 2024

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If you are a passionate educator at heart and have been harboring the desire to make a difference in the lives of young learners, it is about time that you give your dream wings. Enough and more research has shown the importance of early childhood education. We know beyond doubt that the right stimulation and interaction offered to children in the early years helps develop the connections between their brain cells. Research shows that 90% of a child’s brain development takes place by the time they are five years old. The role played by a play school in this process can be huge.

Oftentimes, however, educators are held back by commercial constraints and fears of whether they would be able to set up a profitable preschool and daycare. If these are some thoughts running in your mind, let us tell you how you can mitigate your fears. Here are all the aspects that you need to know about how and why setting up a preschool franchise can be profitable.

1. Fear of not being ahead of the curve

Almost every entrepreneur contends with the fear of not being ahead of the curve. As an edupreneur, for instance, you know that having the right curriculum is most important. After all, it is a balanced curriculum that lays emphasis on different content areas and helps develop pre-academic skills, socio-emotional skills, and more, which helps in the holistic development of a child. You also know that developing the right curriculum takes years of research, not to mention the fact that it is resource-intensive. This is a big reason why setting up a preschool franchise of a pre-established preschool chain works extremely well. You know for sure that their curriculum has been well-developed and that it has a proven track record. At Footprints, for instance, we follow the scientifically developed HighScope curriculum that is known to improve lifetime outcomes for children. It is not just designed to offer a rich academic foundation but also to empower children with essential life skills such as decision-making, problem-solving, and more.

The very fact that you have access to such a curriculum ensures that you help develop well-rounded children and that the reputation of your preschool speaks for itself.

2. Fear of being lost in the crowd

The increased awareness of the importance of early-year education has also brought in its wake a wide number of playschools. As an entrepreneur, one thing that you fear therefore is being lost in the crowd. Once again, this fear does not hold as you set up the franchise of a well-known preschool. Since the preschool is already known for its brand, you will automatically reap the advantages of it. With the preschool chain’s brand equity, you will not need to reinvent the wheel and not spend too much marketing money.

3. Fear of Operational Cost & Support

You might have a penchant for education, but that does not necessarily mean that you are great at day-to-day operations. This is the exact reason, once again, why setting up a preschool franchise comes in handy. The preschool brand offers the necessary handholding and support. This includes a spectrum of things- right from setting up a preschool business plan to training employees to marketing support to offering operational guidelines and more.

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4. Fear of Financial Risks

You can be passionate about running a play school; however, you do not want to risk your life’s earnings in the process. Professionally run preschools understand this fear and help mitigate it. They could offer you a minimum guarantee in terms of admissions and offer you a buy-back guarantee. Additionally, setting up a franchise of a well-known preschool also comes with its attendant economies of scale, leading to cost savings. All these aspects give you the much-needed peace of mind, allowing you to focus on your core competence- that of creating learners for life.

5. Fear of not being Competitive

Once again, being a preschool franchise, you have access to a range of resources right, from educational ones to technological ones. All of this gives you a much-needed competitive advantage. Besides access to resources, maintaining community engagement also allows you to create a positive reputation and word-of-mouth.

To Sum Up

With these fears mitigated, you may just be ready to set up a preschool and daycare in 2024. Should you want to make your dream of turning an edupreneur come true, we could be of help. Reach out to us as we are looking for passionate individuals who are driven to make holistic learning accessible to young students. At Footprints, we take great pride in the fact that we have emerged as a preferred parenting partner for parents across the country. Opening a profitable preschool was never so easy! For any other questions about how to start a daycare and a preschool, feel free to reach out to us.