Getting Finance for a Child Care Business

Do you want to own and run a Children’s Nursery but your worried you can’t raise the finance needed. Finance for paying rent or purchase on the where your children will be safe to play and stay, stock and equipment including changing units, toys, tables and chairs, food and drink, stair gates, sand pits’, playground equipment etc. as well as insurance for the building and personal liability insurance. Marketing needs to be considered if you’re setting up a new children’s nursery so parents know of your services, accounting and payroll needs to be considered carefully will you employ some one full or part time to be your accountant and how much will you pay your employees as well or taxes you will have to pay along the way. There will also be other hidden costs along you journey of setting up your business or expanding your child care business.

The first place most people will look for finance is a bank for a bank loan, the problem with bank loans is that the bank will want you to put some of your own money down as well as the bank charging you high interest rates which most start-up businesses and businesses that are struggling will find it hard to pay back. Below are some ideas where you could get finance for your child care business: -

• Your Savings
• Friends and Family’s Help
• Bank Loan
• Credit Card
• Home Equity
• Business Angels
• Venture Capitalists

Before you think of contacting a bank for a loan, venture capitalist or business angel investor for finance backing you should have a well laid out business plan. You need to be able to show them that you have every avenue covered from what happens if your business loses money in the first year and what you would do if anything, to what kind of children’s nursery will you set up, what times will you be open, what ages of children will you take, will you take children from school as an after school nursery to what type of food will you feed the children organic, fast food etc.

Business Angels help new businesses with the help of finance and business advice, as they have been there and able to advice you on the best methods to bring in customers look after your customers as well as making a profit. They will also help businesses that are struggling to keep afloat with the help of finance and advice when most banks etc wouldn’t take a bit of interest. They are most likely to be entrepreneurs that have a successful business of their own and they will use their money to help your business succeed and make returns on their investment.

Venture Capitalists help larger businesses with problems of finance, they will offer financially help and advice but will be more of a silent partner than a business angel who likes to get more involved.

If you’re struggling to write a business plan for your child care business to show to business angels, venture capitalists and even banks then we can help by tailor making your own business plan for your individual business.

So if you want financial help to start-up your own Child Care Business or want financial help for your business, angelstartups is here to help. We are able to advice you on the best way to finance your business and put you in touch with business angels or venture capitalists to help your children’s nursery mature.