How to start daycare business in Nigeria: Today, i will be teaching you how to start daycare business in Nigeria. Lets start!
A day care or creche is a venue where babies, toddlers and kids are watched throughout the daytime while their parents are hustling at work. It’s sort of a playground/classroom setting where these kids hang out, play, rest and are being taking care of by trained professionals, so that later in the day after work the kids parent can come and pick them up.
How to start daycare business in Nigeria
Read on: How to Start Wedding Consulting Business in Nigeria
How to start daycare business in Nigeria
The Opportunity
There is an eminent demand for Creche and day care schools in our metropolitan centers in Nigeria. Why do I say that? How many laboring class mothers do we have in lots of our cities? How many of them have nannies to take care of their kids? Fact is toddlers can cause a big commotion in your place of work and many mums know this hence why they prefer to enroll their babies in Creche and day care centers. This is the main motive many primary schools set up nursery class to serve as day care centers.
See also: 11 Ways to Start crèche business in Nigeria
Who is the business for?
If you adore kids and you’re very good at taking care of them then you may want to think about going into this business. However the threat is always making sure your kids are in safe hands and ascertain that nothing detrimental happens to any of them. If you’ve taken care of children in Sunday school or have instructed in a nursery school or have looked after kids before then give it a try.
Marketing
This is a business you can establish from your home casually meeting nursing or working mothers in your community, at church or any other association letting them know what you do. If you want to rent it make sure to pick a room in an imperative location which is easy to locate by your target group. You can now start printing fliers when you have captivated a small number of patrons. Even if you can find 4 or more people at first, it’s worth it, make do with that for now and as you become more dependable and better at what you do, you’ll acquire more clients.
Read on: 12 Top Business Setting Plan in Nigeria
Requirements
To start up something like this you’ll require the following;
Mini Flat – N800,000 per annum
12 Small Chairs – N24,000
3 Small tables – N24,000
Toys – N40,000
TV set – N40,000
VCD player – N15,000
Book shelf – N60,000
Kiddies books and stationery – N30,000
Others – N500,000
Total: N1,533,000
See also: Top 12 Palm Kernel Oil Extraction Business Setting Tips in Nigeria
How profitable is the Creche Business in Nigeria?
Like all businesses that relies on many factors but taking everything in mind that parents pay N30,000 per term for nursery schools, you could charge each parent like N5,000 per month. Let’s believe you have 12 enrollments multiplied by 5 that’s N60,000 for just the first month.
Breakdown first year (this is an estimate)
50 enrollments X N60,000 = N3 million
Running expenses (rent, salary, electricity etc) = N 2.4 million
Profit before tax = N600,000
Return on Investment = 40% Pay Back Period = 2 to 3 years
This is a business you can manage for years without going to banks for loans as it can multiply on it’s own. It’s a cash cow.
DETAILED PROCEDURE ON HOW TO START A DAYCARE BUSINESS IN NIGERIA
1. Learn everything you can about the Daycare business
Aside passion, you need to ascertain that you learn everything you possibly can about the daycare business in Nigeria because knowledge is power. You can download information online and have conversations with other daycare business owners about what it takes to start a business.
Read on: 11 Tips to Make Money as English Germany Teachers in Nigeria
2. Write a business plan
If you want to start a daycare business, then you need to actualize a business plan to certify the long-term favorable outcome of your business. Though it might sound unimportant, writing a business scheme for your day care business can legitimately boost your chances of accomplishment.
Aside that a business plan will keep your perception straightened out and help you commence your daycare center auspiciously, it will help you stay on track after you have initiated your business and as you move toward actualizing your goals.
Read on: Top 15 Inverter Business Setting Plan in Nigeria
How to start daycare business in Nigeria
3. Get a location with childcare safety in mind
The next step is to get a very good location. One of the key factors that decide the accomplishment of any business is the decision of the venue for the business. No one who wants to sell winter clothing will think about going to Ghana or Nigeria to open his or her shop; because if they do, they risk scuffling with the business and the business may ultimately die a natural death.
If you want to start a winter clothing line, then you should go to countries like Canada, Norway, Sweden, Russia, Finland et al. So, also if you want to start your own daycare centre, then you must think about some key factors before selecting a location for the business.
Now aside consenting to all appropriate safety regulations and having all required safety equipment, containing fire extinguishers, smoke detectors, carbon-monoxide detectors, first-aid kits and other safety equipment; below are 10 other factors you must think about when selecting the best spot for your daycare centre if you want to increase profits in the business.
See also: 31 Good Business Ideas in Nigeria
How to start daycare business in Nigeria
4. Choose a good name for your daycare business
When you have gotten a good location in a very safe environment that is danger free, the next step is to pick a name for your daycare business. Now, when you think and plan to get a name for your daycare, that is, business name, it is advised that you choose such a name which is not only short and creative but also child-friendly and brand-able, and child friendly. Example of daycare business names ideas are:
“Your Name” Childcare center
Special Kids Daycare Center
Read on: 47 Ways For Video Editing Business Tips in Nigeria
5. Get a business insurance
Getting a decent insurance protection is another necessity for starting up your daycare business. If you want to manage the business from your home, you will need a theft and fire insurance. You must also cover your back legitimately just in case a misfortune happens or a child dies in your daycare center. You must also make sure your tactics covers the supplies and equipment that you bought for your business.
How to start daycare business in Nigeria
6. Equip your daycare center
You must also supply a good sort of things that make children happy. Things like puzzles, children games, books, blocks, cots air conditions, fridges, water dispensers, microwave ovens, gas cookers, TVs, DVD players, fans, arts and crafts supplies, and toys. This will allow the children have a good time at your daycare center. It is also very important you buy software that will help in the organizing and management of your Daycare center.
See also: Top 14 Home Business Success Clue in Nigeria
7. Hire employees for your Daycare Center
Running a profitably daycare does not only depend on proper marketing or proper budget planning but also on obtaining a well grounded and committed staff that will maintain and run the business. The staff you choose should be well qualified, very responsible and ready to work with kids of all ages and kinds.
After sending out an advert looking for the services of a proficient daycare manager or employee and conversing with neighbors and friends; you will need to evaluate each applicant and ascertain they meet the required criteria.
8. Advertise your daycare center
After taking the pain to start up your business, you must tell your friends and well wishers about your daycare center and who knows if you are lucky enough, they may be your first clients and also help you spread the word around.
You should also place notices on signboards in locations where families meet like at Schools, Churches, Mosques, community halls, etc.
See also: 51 Rice Polishing/Bagging Business Tips in Nigeria
How to start daycare business in Nigeria
Also put ads in the local newspapers or parenting e-newsletters, run a social media page on Facebook, Twitter, Pinterest and don’t forget to give out your business card at any given instance.
If you need a complete business plan, please let us know. Or, you want us to help you set up this business, kindly contact us.
Otherwise, Please check out these other business ideas