🔗KEY LINKS: 🔗 Nursery Business Plan Template: www.openanursery.co.uk/how-to-write-a-business-plan-for-a-nursery/ (scroll down on the page to download the template) Free Nursery Course: www.openanursery.co.uk/course/how-to-open-a-nursery-in-the-uk-free-starter-guide/
You have a few videos about setup but I'm wondering about ongoing costs. The main worry for me, as someone with no qualifications is needing to hire at least 2 staff(?) even before seeing a penny of income, and with it taking time to ramp up, is that bills, rent and staff costs could add up to much more than the setup costs before the business becomes cashflow positive? Do you have a video about that?
Thanks for the idea I will do a video on the ongoing costs. I haven't done one as yet. Though, as you get paid in advance with regards to fees it does help a lot with the cash flow
It's really difficult to say but you can start within your home from £10,000 or in a dedicated building from £25 - 30, 000. But there's soooo many different factors that can decrease or dramatically increase this amount.
How long does it usually take before Ofted do their registration visit? I’m due to start in a new nursery, but they are still waiting for this visit after around 17 weeks
So, they take 3 to 6 months to visit you. But, it can be longer. You can contact them to find out if there is anything that could possibly causing a delay
🔗KEY LINKS: 🔗
Nursery Business Plan Template: www.openanursery.co.uk/how-to-write-a-business-plan-for-a-nursery/ (scroll down on the page to download the template)
Free Nursery Course: www.openanursery.co.uk/course/how-to-open-a-nursery-in-the-uk-free-starter-guide/
You have a few videos about setup but I'm wondering about ongoing costs. The main worry for me, as someone with no qualifications is needing to hire at least 2 staff(?) even before seeing a penny of income, and with it taking time to ramp up, is that bills, rent and staff costs could add up to much more than the setup costs before the business becomes cashflow positive? Do you have a video about that?
Thanks for the idea I will do a video on the ongoing costs. I haven't done one as yet. Though, as you get paid in advance with regards to fees it does help a lot with the cash flow
Can you give an example of what the actual cost will be even if it’s a rough idea
It's really difficult to say but you can start within your home from £10,000 or in a dedicated building from £25 - 30, 000. But there's soooo many different factors that can decrease or dramatically increase this amount.
If you are struggling to work out your costs feel free to drop me an email and I'd be happy to support you. Contact me at nurserycourseuk@gmail.com
How long does it usually take before Ofted do their registration visit? I’m due to start in a new nursery, but they are still waiting for this visit after around 17 weeks
So, they take 3 to 6 months to visit you. But, it can be longer. You can contact them to find out if there is anything that could possibly causing a delay
❤thank you ..
You're welcome x