Setting Up Business (Childcare, Enrichment)
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mrswongtuition:
Esp their bbq pork bo-lo-pau !! :love:maki:
Crystal Jade Bread Bakery & Prima Deli are open to franchise too.
I've seen quite a few Prima Deli franchises downscaling. I think it's due to heavy competition from other bread shops, especially in the heartlands.
Crystal Jade is a good open if you manage to secure a good location. I love their bread.
And to all aspiring biz owners, do read up more on setting up a biz. There are many of such books available in the library on the various ways to run your business eg internet-based, home-based, franchise etc. Doing business is never easy but getting started on the right track will ease your worries by half! Do make an effort to read up widely on Business management and personal financial management. You need to set aside at least 6-12 mths of operating costs to really see results. This is your hard-earned money, so do start it right!
Good Luck!
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URS shoes needs franchisees overseas. One Singaporean gal brought the Mondo franchise to Australia and is making loads of money. But for overseas franchisees, you need to have a local partner to register the business.
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titank:
How about setting up Toto/4D as a business? Still able to get license?
$200k for the deposit -
I have been in the preschool education industry (teaching and curriculum writing roles) for many years and my close friend has also set up a childcare centre in 2005.
As mentioned, staff turnover rate is a killer and so is rental cost. Staff turnover rate is high because this industry has high stress, low pay and respect. Those who have better qualifications and come into this industry usually leave after a few moths to a year.
My friend’s centre closed within 2 years of operation as the landlord wanted to sell his semi-detached house during the property boom.
In the childcare business, we are talking about very young children so their safety is a very real concern; it’s very different from selling beverage. Without adequate manpower and good manpower, you will end up having to assume multiple roles yourself - the cook, cleaner, teacher and assistant teacher. You also have to constantly keep a look out that your teachers do not abuse the children either verbally or physically because not everyone is suited for this demanding yet low paying job. -
I know of someone who started a music school and now expanded to 5 schools liao…
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How about the recent bubble tea craze? Like Gong Cha and Koi? They always have long queues… must be making big bucks from the syrup and water.
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cotton candy:
How about the recent bubble tea craze? Like Gong Cha and Koi? They always have long queues.. must be making big bucks from the syrup and water.
Yes, I think bubble tea is making much more $ than coffee bean or starbuck cos they don't need a big space for table and sofa. Usually ppl take away. But must get from the right source. Otherwise it will be difficult to retain customers. -
i think bubble tea is just a trend like the luo han fish and after awhile the shop selling them disappear from the market…
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cotton candy:
How about the recent bubble tea craze? Like Gong Cha and Koi? They always have long queues.. must be making big bucks from the syrup and water.
This is a good business. The most important is how to make a good quality bubbles tea. -
My sister wants to set up a beforeafter school care. Is it worth it? I was advising her not to as now most schools are one session so you can’t earn from the ‘before school’ part.
Any advice on this?
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