You can use the existing split function
One easy and choppy exemple:
var str = '<p> example ive got a string</P>';
var substr = str.split('<p> ');
// substr[0] contains ""
// substr[1] contains "example ive got a string</P>"
var substr2 = substr [1].split('</p>');
// substr2[0] contains "example ive got a string"
// substr2[1] contains ""
The example is just to show you how the split works.