ghosts of the past return to haunt Ho Jinx - ABC learning news

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An honorable member of the Coffee Shop Has Just Posted the Following:

''This is a business subsidised by government - how can it be unprofitable?'' wailed ABC Learning's former chairwoman, Sallyanne Atkinson soon after the collapse.

Ms Atkinson would be pleased to know that a new raft of for-profit childcare operators are trying to prove that there is money to be made in childcare after all.

And while it would be hard to match the drama and controversy of ABC Learning and its founder Eddy Groves, some of the new players cannot be accused of lacking colour.

Investment banker turned childcare entrepreneur Brendan McAssey decided the best way to earn a buck was not relying too heavily on the government to make a living. He has turned to a premium model aimed at wealthy inner-city parents in Melbourne, Sydney and Brisbane for his outfit, Only About Children


Read more: http://www.smh.com.au/business/abc-c...#ixzz2vSRGwMMx


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