How to start a successful childcare business
Updated: May 5
Starting a childcare business can be a stressful venture. It is a complex process requiring specific knowledge, to ensure you avoid the many pitfalls that can cause failure, it's crucial to work with a specialist childcare developer that understands the unique operational requirements and obligations involved to ensure success.
Since 2014 Mollard Property Group have had a strong proven track record as successful developers of childcare centres, delivering outstanding purpose built childcare centres in prime locations. With an impressive portfolio of over 27 centres and creating more than 2,900 childcare places across Melbourne, Sydney, Brisbane and Tasmania.
If you are wanting to own your own childcare centre but unsure where to start, look no further. The team at Mollard Property Group are specialists, providing over 80 years of combined expertise in the property acquisition, childcare investment, design, development, construction and childcare project management. We are committed to achieving successful results for our clients with an exceptional level of customer service.
Our expert in-house childcare development management team provide a one stop solution service that oversees the complete project, from site selection through to centre construction. From conception to completion… We do it all!
Here are the 5 key steps to get started and how Mollard Property Group can help:
Step 1: Learn about Licensing
It is integral that you understand the rules and regulations associated with the childcare industry before you start your own childcare centre. You can learn more about these regulations here.
Step 2: Identify Existing Services in your desired location
It is important to understand who you consider to be your competition. You will need to understand what differentiates you from already existing childcare services.
Step 3: Create a Business Plan
3a. Establish and register your unique childcare business name. Mollard Property Group can assist you with this. We also offer complete brand strategy design service and research into availability, allowing you to stand out from the competition.
3b. Establish your unique operational philosophy and points of difference
3c. Create your Corporate Company Profile. It is vital to have a professional Company Profile, this document will assist you in gaining financial assistance from the bank for further funding and attract quality investors. We offer a package for designing professional Company Profiles, to find out more please contact our team.
Step 4: Establish Funding and Budget
You need to understand financial costs and project expenses involved.
Step 5: Establish your Unique Mandate
If you are looking to start your own childcare centre, it is critical you fully understand your prospective target area, knowing key points such as demographics, competition, specific location qualities, that work for today and will work for tomorrow, what type of built form and specifications are appropriate to the target community, and number of childcare places, based on the ratio and existing competition. Mollard Property Group, as a specialist childcare centre developer in Australia, can assist you in all of these areas.
With our expert guidance and experience, starting your journey into opening a childcare centre is easier than you may have imagined.
Contact us now for an obligation free consultation. Let’s work together on your childcare business venture.