A Brief Guide to Plan Your Childcare Operations
Drawing up a business plan for your childcare business is essential, irrespective of what size or scale your business is off. A smart business plan takes operational needs of your childcare service into account, ensuring a smooth growth throughout. Policies and procedures are two fundamental decision-making tools to help set goals and hopes for your childcare venture. Most of your policies and procedures might lead to financial targets, including your annual turnover and viability of the business. ELM will help you prepare and operate your business. ELM will walk you through the step-by-step process of starting the business, from assessing the need for child care services to selecting the service, setting up your business and preparing for opening day.
Early Learning Management (ELM) specialises in optimal childcare operational services.
Exacting operational procedures do require in-depth knowledge from diverse disciplines including human resource management, finance, marketing and sales, operations management and many more. This might sound like a mammoth of tasks to you, but for the seasoned professionals of ELM, it is what they do best! Followings are the essential elements that get into your planning for the childcare operations –
Regulatory Obligations Impacting Childcare Businesses
An expert on the field knows the ins and outs of the industry. It’s indispensable for you to learn about local authority legalities for operating a childcare service, including safety regulations and licensing. In specific instances, there are regulations on numbers of children one should provide care to, as well as necessary training and certifications that you need to possess including Diploma/Degree in CPR or early childhood development. A person or an entity operating a childcare service must hold a provider approval and a service approval issued by the regulatory authority. A service approval is granted subject to conditions—the service must, for example:
- ensure the safety, health and wellbeing of the children,
- meet the educational and developmental needs of the children and
- comply with any conditions prescribed by the National Law or in the Regulations, or by the regulatory authority.
Managing Human Resource Concerns for Your Childcare Service
There are human resource concerns to be considered, like staff qualification and creating the payroll. Managing the human resource element in any childcare service business can be complex and challenging. Each of us is unique – we have our own personality, approach to life and of course, work ethic. The HR factor in a childcare service must encompass the educator to child ration at all times. The National Quality Framework (NQF) sets out the minimum qualification and educator to child ratio requirements for children’s education and care services.
Day-To-Day Operations Management
Next thing to be taken into account is how you propose to operate your childcare facility. You will want to work out difference operational concerns including – services to put on offer, operating hours, course materials, contracts/agreements, children’s meal etc. If it’s a home-based facility, you will need to determine if you would require any sort of modification in your existing setting of the property including remoulding of sharp edges, fire extinguisher, fences, bathroom tiles and the like. Alongside, you better consider buying liability insurance to secure your property against calamities.
Each of the points above has different terms of duration. Developing them efficiently will not only guide you through but also motivate as you’ll learn about where your business will be in next 5-10 years.