For those readers who are not motor racing aficionados, I beg your indulgence, as the central tenet in the following anecdote is really about achieving the very best of outcomes available to you.
At the time of writing this Australian Mark Webber was poised with a chance to become our next Formula One champion, the last being Alan Jones way back in 1980. Not a bad effort for a small town ACT boy who worked incredibly hard for years to rise to prominence on the international stage Read the rest of this entry »
The prospect of buying a childcare centre is an exciting opportunity, but it is also a long-term decision that presents many challenges you need to be prepared for. In the forthcoming months we will cover the key elements to help you make a well-grounded buying decision, and position yourself to achieve your business goals. Read the rest of this entry »
What are some of the major issues the childcare industry has faced over the past 12 months from your perspective?
Many of the recent entrants to the childcare sector have been highly geared after paying “top of market” prices for centres, and/or acquiring centres in areas that were over-serviced, as a result of disparate planning controls at local council level. Read the rest of this entry »
As if the turbulence of the liquidity crisis and collapse of several high profile private operators in the child care sector in recent year were not enough, the recently announced COAG ECEC Quality Reforms and Award Modernisation have managed to add another layer of cloud to an already hazy skyline. The ride ahead for all centre owners will continue to be bumpy for the foreseeable term. Read the rest of this entry »
There’s no dancing around debt these days…
Understanding the challenges to your business Business borrowing rates are going through the roof and financiers have got lending hands tighter than a tube sock. These are challenging times in the economy for business owners, in particular for those who’ve taken on significant levels of debt in their business. Read the rest of this entry »
When we use the term “Greenfields” in relation to new businesses we are referring to the concept of creating a business from the “ground up”. In the childcare sector this means the process of finding an appropriate site to build and operate a centre and opening the new business to the public. Read the rest of this entry »