How to Start a Daycare Center Business in Nigeria (2024)
I discussed how to start a nursery and primary school business in Nigeria in one of our posts on business ideas. Anyone who wishes to start a school business in Nigeria could use that article’s thorough details. To start a creche business in Nigeria, I believe there has to be another comprehensive post written.
I will therefore include all the information you require regarding the daycare business in Nigeria in the post I am writing today. The licences you need, the supplies you’ll need if you want to start your daycare business from home, the business plan you’ll need, the rules and regulations that apply to daycares, how to establish a daycare without any money, and more.
Due to the daily delivery of more newborn babies as the years pass, Nigeria’s school industry, particularly the creche industry, continues to grow increasingly profitable. Additionally, many working-class moms in Nigeria today must drop off their children at daycare centres before leaving for work and pick them up after returning home.
Many of these mothers, especially the ones who can afford it, will spend nearly any amount of money only to keep their kids in a reputable daycare so they can focus on their jobs and know that their kids are being well cared for.
HOW PROFITABLE IS DAYCARE CENTRE BUSINESS IN NIGERIA?
Nigeria’s high childbirth rate and the number of wives who prefer to work outside the home as working-class women make the daycare business viable. These women are mostly prepared. To be able to leave their kids at a creche facility while they go to work every day, they are willing to pay a fair amount of money. You can take good care of kids and earn a lot of money in Nigeria by strategically placing your nursery.
CAPITAL REQUIRED TO OPEN A DAYCARE CENTRE
There are several factors that affect how much it will cost to open a nursery in Nigeria. Whether you want to start a daycare centre business from home or rent a building will rely on your goals, as will your admission capacity and the region of Nigeria you choose.
If you are renting an apartment and buying everything you need to create a new one, you will typically need capital between ₦1,500,000 and ₦3,500,000. Due to the hefty startup costs, starting a daycare business from home is less expensive and simpler.
HOW TO START A DAYCARE CENTER BUSINESS IN NIGERIA
The processes you must follow in order to open a daycare center in Nigeria are listed below.
STEP 1: WRITE OUT YOUR BUSINESS PLAN
This is the first thing you should do if you want to create a successful daycare business in Nigeria. A creche business plan is essential, especially if you intend to operate the facility for a long time—possibly 10 years or more.
A thorough business plan will show you how the nursery operates and how, despite being new to the industry, you can easily turn a profit from the firm as quickly as feasible. The daycare business plan will also forecast your profits over the course of the next ten or more years.
If you have the time and are able to follow the instructions for writing a business plan, you can write this plan yourself. Any entrepreneur who is serious about the business they want to start must have a business plan.
STEP 2: OBTAIN THE REQUIRED FUNDS
This is the second stage in our guide on how to start a daycare centre business in Nigeria since, even if you’re operating from your house, finance is crucial. The amount of money you would need to establish your creche business in Nigeria was previously stated. Now all you have to do is figure out how you’re going to obtain it. Starting a daycare centre from home is not a bad idea either. It lowers your expenses, particularly if your house is large enough.
When rent is deducted, you can now use your money to buy other crucial items. such as obtaining certifications for your nursery operation, purchasing nursery supplies, paying employees, and more. If you do not have the funds on hand to begin right away, see our post on how to secure finance for your startup in Nigeria.
STEP 3: OBTAIN ALL REQUIRED CERTIFICATIONS
In Nigeria, certifications are crucial for a daycare business. This is due to the fact that opening a creche facility takes care of infants. You must register your creche with the Ministry of Education in order to receive certification.
Additionally, in order to be certified, your daycare centre must adhere to industry standards, including being clean, well-ventilated, and outfitted with all necessary baby-rearing supplies. It’s usually a good idea to have accurate requirements. so that you can finally receive your certification and stop going back and forth.
STEP 4: ESTABLISH DAYCARE GUIDELINES AND RULES
To ensure the efficient operation of your daycare business, rules and regulations are necessary. Both your parents and the employees must abide by certain norms and regulations. These two cannot be combined. They need to be individually created and printed. Every day, your parents and employees must abide by these regulations in order to prevent any parent from suing you for negligence or carelessness.
STEP 5: PURCHASE DAYCARE SUPPLIES
You need certain nursery supplies to create a welcoming and enjoyable environment for kids in your nursery facility. All of this equipment must be purchased before establishing or opening the firm.
Depending on what you’re able to purchase. You can either purchase these items brand-new or just the tokunbo versions. Additionally, it is not necessary to purchase all of these equipment right now. Simply purchase the essentials you’ll need to get started, and then purchase the remainder over time.
STEP 6: FURNISH YOUR DAYCARE FACILITY
The next step is to furnish your daycare facility after purchasing all of the babysitting equipment. An electrician and some furnishings are required for this. While the electrician assists you in repairing your fans and bulbs, the furniture will assist you in installing all necessary furniture. Regarding the layout or outlook of your kindergarten, you can take a close look at the available space and consider how you might be able to make the most of it.
STEP 7: HIRE BABYSITTING STAFF
The daycare centre business is a delicate one. To ensure that there are no problems with your creche business, you need people to work with you, particularly ladies who genuinely love children. You should therefore hire ladies who have experience working in daycare facilities. You can engage personnel that are new to kindergarten school and train them on the job if you are unable to afford to have all of your staff have experience.
Many factors affect how much you pay your daycare’s staff members. However, it largely depends on their background and credentials. It also depends on the daily opening and closing times for your workforce.
STEP 8: START ACCEPTING BABIES
You can now start accepting infants to your creche business after satisfying all standards and installing everything required to keep it operational. Regarding the amount you will charge for each child’s school expenses. You can inquire at various daycare facilities about their school fee rates, then add to or deduct from those rates to create your own rates.
As long as there is a need for the business in your community, starting a daycare centre business in Nigeria can be a rewarding business venture. Always meeting your parents’ demands is the main method you may keep growing your business’s profitability.