To get started, schedule a free consult - https://calendly.com/rickkapur
Email : rick@thepivotadvisors.com
Starting New
PIVOT Childcare Center Advisors > Starting New
Starting a New Center
Starting a new center is exhilarating, challenging, exciting, and scary!
There are a million things to think about, plan for, and do.
Typically, there are three ways to approach this:
There are a million things to think about, plan for, and do.
Typically, there are three ways to approach this:
A Franchise model
Advantages: Predefined franchiser programs, tools, and support.
Costs: High upfront fees of 10s of thousands of dollars, ongoing royalties 8%-12% of revenue. Strict franchiser rules and rigidity.
Costs: High upfront fees of 10s of thousands of dollars, ongoing royalties 8%-12% of revenue. Strict franchiser rules and rigidity.
Do it all on your own
Advantages: Not rocket science! You will learn along the way.
Costs: Expect an iterative learning curve of years! Time is money. The longer it takes, the higher the costs.
Costs: Expect an iterative learning curve of years! Time is money. The longer it takes, the higher the costs.
The PIVOT Advisors difference
Advantages: Use our hands-on knowledge, tools, and strategies to expedite your new center startup.
Benefits: Avoid high franchise fees, or time costs of doing all on your own, with personalized consultation & expert support.
Benefits: Avoid high franchise fees, or time costs of doing all on your own, with personalized consultation & expert support.
PIVOT: What we offer
Three options for you to choose from, depending on where you are in your startup planning and execution cycle.
A Complete Package
Services Include:
Initial Consultation: We will meet with you to discuss your vision and goals, providing guidance to refine them.
Strategic Blueprint: We will provide you with a comprehensive flow chart outlining the necessary actions and milestones required for a successful launch.
Business Plan Development: Our team will create a complete business plan, including financial projections essential for leasing and loan applications.
Site Selection Support: We will assist you in planning for, and evaluating potential sites for fitness for purpose, lease negotiation strategies, and terms.
Funding Assistance: We’ll help you identify suitable funding sources, including SBA loans, and provide support throughout the application process.
Document Package: Receive a complete set of customized documents and forms essential for launching your program, including Admission Forms, Enrollment Contracts, Parent Handbooks, and Employee Policies.
Hiring Support: We will provide job descriptions and review your hiring plan to ensure you build a strong team.
Operational Recommendations: Benefit from our recommendations on sourcing and setting up classrooms, fee collection, and online services for financial management, payroll, and school administration.
Marketing Strategy: We will develop a comprehensive marketing plan for your launch and the first year of operation.
Ongoing Support: Enjoy monthly review meetings for one year, in addition to as-needed meetings, to ensure your success.
Review & Refine
Services Include:
Business Plan Review: We will thoroughly review your business plan, including financial projections, and provide specific feedback to refine the plan.
Lease Review: Our team will review your lease plan and terms, offering specific feedback to facilitat lease agreements.
Funding Support: We’ll review your submissions required for funding, including loan applications, financials, and cash flows, providing specific feedback for refinement.
Document Package: Receive a complete set of customizable documents and forms essential for starting your program, including Admission Forms, Enrollment Contracts, Parent Handbooks, Employee Policies, and Handbooks, as well as Needs/Services plans.
Hiring Support: We will provide job descriptions and review your hiring plan to ensure effective recruitment.
Operational Recommendations: Benefit from our recommendations on sourcing and setting up classrooms, fee collection systems, and online services for financial management, payroll, and school administration.
Marketing Plan Review: We will review your marketing plan for launch and the first year, providing feedback for refinement.
Ongoing Support: Enjoy monthly review meetings for six months, in addition to as-needed meetings, to ensure your success.
A la carte Consult
Engagement: Ad hoc, per defined project
Our ad hoc consulting services are designed to support defined tasks that you need assistance with.
Some examples of projects we can assist you with include:
Business Plan Development: We can review, refine, and help finalize your business plan, including financial projections.
Loan Application Assistance: We can help you fill out loan applications and reformat your financials as required.
Project Review: We can review your overall project to identify areas of improvement or any missing key items.
QuickBooks Online: Help streamline your cash flow bookkeeping. We will review your current tools and methods; determine how QBO can help you become more efficient. We will help set up QBO for your custom needs, and train you to use it; with ongoing support as required.