Right at this moment in time I hate all banks & financial organisations - I MAY not change my mind

[KatyMac]

A few months ago I was borrowing £180K to start my business based on a sound business plan & I had 3 firm offers

My plans changed slightly & I only needed to borrow £50K & all of a sudden I cannot borrow anything

So that's that - it's all over

So employ someone to run it.

Doesn't that sort of defeat the object?

Of what? Surely the whole point of a business is for it to make money and succeed. A nursery is a business like any other, and just because you're dealing with families and children doesn't make that mercenary in any way.

No

I want to run it - I need a job, I want to see if I can do it

Take it from me, it's a bloody nightmare running a nursery. You'd be doing yourself a favour if you employed someone from the start.

Why?

I run a small childcare setting
I have my NV3

Just had a look at that sale website for nurseries in Norfolk - that's a scary nursery, pre-prep and prep. Sales of 650k and net profit of 350k?! DD's school has turnover of around £12m and has an annual surplus of less than 300k last time I looked at the books (charities commission website) which is carried forward for further investment.

Must be one of those private schools where the proprietor is just in it for the money that get slated on here on a regular basis!

I didn't look past the price of that tbh

No matter how much you put into it, how many personal sacrifices you make, people always want more. The parents are never ever satisfied - and this is coming from someone who is running an extremely popular and over-subscribed nursery that got Outstanding in its last inspection.

If you do it all yourself, you have to be prepared to give up your life and sacrifice your own children's happiness. You won't have the time nor the energy to meet their needs properly. You'll be too busy trying (unsuccessfuy) to meet the impossible demands of the greedy, grasping parents who resent every penny they have to pay you.

I'm exaggerating, of course. Most parents are very nice. It's just the odd one or two that will make your life hell.

On the plus side, the kids are great!

That's my life anyway

Isn't it amazing I have fabulous parents and awful parents nothing in between

Yes, that's exactly it. They're either lovely or dreadful - there's no in-between.

Think about putting a manager into a business you can afford to buy. You'd be setting it up (or making the changes to make it yours) and overseeing things. It would still be your baby. You'd just have someone else dealing with all the crap.

Sounds like a win-win to me.