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You can open your own daycare or franchise a daycare to operate. You have two choices in opening this business. Most people prefer franchise system than running it by themselves because this system is proven and working. But opening your own daycare center is more exciting. Either way you choose, you'll be your own boss. Here are some guidelines you want to know in running this kind of business.
Franchising business is the fastest growing segment in every sector in the economy. There are many opportunities, success and endless potential offer in franchise but sometime franchise fail. Franchise offer training and different programs you will attend. They will teach you how handle the business and how to deal with your prospective client. In franchising they will require you to use the same brand of play equipment, books, sleeping nap sack, and other different material in running a daycare business.
They set rules and regulations that you must follow as franchisees. On the other hand in starting your own business, you make your own rules and regulation that parents and children will follow. Franchisor offers you significant training before you can run the business. Your business was governed by the franchisor. They even require same uniform for you and your hired employees. It will also provide managerial training, arrange for property lease, sale-lease back, programs, provide equipment financing and assist you in obtaining financing. You have to pay a certain amount of money in purchasing a franchise.
You own the daycare business but you must follow rules and regulations in franchising. You are subject to the guidelines of the franchised agreement such as, uniform, where the equipment is purchased, product and other material to be use in your daycare center. You have the right to terminate your agreement as a franchisee. But you need at least 6 months to notify and submit of written termination right to your franchisor. If you fail to do the procedure, you are liable to pay all dues under the franchise agreement.
Franchise training program are proven and tested. The training will teach you how to start and run the business. They offer a turnkey in business. As franchisee, you are required to following the system. Franchising is one of the key in opening your daycare business. You may decide for yourself that suits you best, if you run your daycare center by yourself or seek help from franchising.
