Preschool Business : A lucrative business Idea

Now a days people want to do their own business. whosoever is into job are also willing to do own business. Today we will discuss about a very lucrative business idea, which can be started with a low investment but can give a handsome return. Also this business have a wider scope to enlargement further up to primary school or senior secondary / K12 school. Yes! I am talking about preschool business. 

It is the most happening business as it is very easy to start and run. The satisfaction you get while doing this business to impart quality education to the tiny tots while building their foundation at the early age will be beyond your expectation. 

According to researches  the preschool market is growing at a CAGR of 20% early. As the awareness regarding preschool is growing  in tier II and tier III cities as well, the penetration rate for the pre-school segment in expected to rise by 27.33% by 2018. In our country almost 160 million children are less than 6 years old &  Only 12% of the children between age group 2-5 years are attending pre-schools in urban areas, which means there is a huge gap of demand and supply in this segment. The growing urbanization culture and escalating demand or high quality pre-school education is the driving factor for preschool business. Apart from this Rise in disposable income, increasing working couples & nuclear families daycare and preschool business is in high demand today. Now a days education has  become second highest expenditure of a household a­fter food & groceries.

How To Start A preschool:

Requirement : 

To start a preschool/ playschool/ Daycare center for your own all you require is an area of around 1000-3000 sqft area in a good residential area, investment can be vary between 3 lakhs to 15 lakhs. depending upon the area, size of the premises and the facilities you are willing to offer in your preschool. Above the all you should have  a passion for education and a love for small kids. 

Process:

First and foremost thing to start a preschool is to make a plan regarding the investment, do research about the facilities and basic requirement to be offered as per your area so that you can not be behind in the competition.

Think of a good name of your preschool, research about the requirement of state government of your state or other local competent authorities about registration. As now many state governments are regularizing it and the registration of preschool before starting is being compulsory. 

Search for a curriculum you want to follow for your school and then contact the content developers for books and other required materials. there are several such content developers are available, you can easily find them on searching on google.

Search for a suitable place, which can be your own or a rented property.

Now make a list of items to procured for the preschool, like classroom furniture, play equipment's, office furniture, electrical appliances, Ac's, Refrigerator, educational aids etc and place  an order for the same. Simultaneously , start the infrastructure development and painting works in the premises.  place order for main board on the school. receive all the material and place them at respective places in the school.

Decide a date for opening of your school and start marketing activities. 

Inaugurate your school!

Start earning from today.........

Alternatively, you can start your preschool by taking franchise of any good preschool.  This is also a good option but in  that case also you need to do good research.