Start a Child Daycare Business
Today, many parents are searching for an affordable child daycare services. The new economy has forced many working parents to take their children out of traditional child day care centers. Yet, with every problem there is usually a business opportunity.
The Concept
If you love children and are looking for a great business that you can start from your home then consider starting a home-based child daycare business. These new smaller forms of a traditional day care business are becoming popular since more and more parents are working longer hours and second jobs. A home daycare business will not be able to take the volume of kids that a traditional daycare business does. Yet, this can be used to your advantage as you will be able to focus more on the children you have and their particular needs.
The Start-up Costs
When preparing for a home day care business, the first costs to factor into the equation are the fees associated with licensing. In most states, child daycare businesses require a license even if they’re located within a residence. The next essential cost is for insurance. Though, you may not have to purchase a separate insurance policy. Most homeowner policies will not cover this business unless you add a rider (or addition) to your policy to include this new business. There are other costs to consider, but also ways to save on these initial expenses. Training fees are essential for child daycare beginners. Typically, you can take a few classes, like CPR training, at a local university or community college. But, you can also check with your local and state governments to see if any of these classes are offered for free. Toys can be purchased cheaply online or at garage sales. And, the federal government often provides assistance with food costs.
Marketing
The best marketing strategy for a home daycare start-up business is word-of-mouth. Start by, letting your neighbors know your intentions. You may find that they are either looking, or know someone who is looking for a good daycare service provider. Typically this is the best place to start as these individuals already know and feel comfortable with you. Another good place to drum up business would be to spread the news among your church family and/or club members. The key thing to remember about marketing for your home child daycare business is that there is no reason to spend much money on marketing. If you are able to create flyers, and talk to those around you, the marketing strategy for your start up is well under way. However, you can post free ads on local classifieds websites, such as craigslist.
Take-away Tips
Understand that you should keep great financial records for tax purposes. There are tax deductions that you can qualify for, that will off-set some of your expenses. There are deductions for toys, training, and other business related expenses. And, if you have clear separations for items such as phone service you may qualify for even more deductions. Also, do your home work to make sure that your rates are reasonable and fair to your customers and yourself.
The Business of Child Care: Management and Financial Strategies
- ISBN13: 9781401851804
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
CHILD CARE ADMINISTRATORS AND EARLY CHILD CARE PROFESSIONALS will greatly value the business skills detailed in the Business of Child Care: Management and Financial Strategies. With the particular focus on managing enrollment, recruiting and retaining staff, budgeting, financial record keeping, and decision making, this book details the critical business elements needed to run a child care center as a financially stable enterprise. The reader will learn how to successfully complete business tasks more quickly and accurately, with greater understanding and more enjoyment, by focusing on the most important tasks of an administrator. The accompanying CD-ROM offers easy to follow financial spreadsheets that can be implemented in any child care setting.
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A Kansas City day care center was shut down on Thursday after toddlers were found unattended in the parking lot. Little Rascals at 900 NE Barry Road apparently didn’t have enough staff members. The child care center had a license to baby-sit up to 120 children, but state investigators found that there were too many children and not enough adults to supervise. According to the suspension letter from the state of Missouri, in one instance, a toddler was left alone on a deck. In another, 2-year-olds were found alone in the parking lot, which sits next to busy Barry Road. “Nobody should bring their kid here. I’m not going to bring my kid. Why? So she can come outside and run around in the street?” parent Tom Pitalla told KMBC’s Chris Nagus. “These people don’t need to be running a day care center. They need to shut it down — burn it. I don’t care. Shut this place down.” Police were called to help keep order as parents picked up their children. “My wife said they are stupid up here, but this takes it to a whole new level,” Pitalla said. “We are giving these people 00 a month. If they can’t take care of their kids, shut them down.” The state health department said the day care will have a chance to appeal the shutdown. KMBC tried to speak with employees of the day care, but no one would comment.
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Tags: Business, Child, child day care, child day care centers, child daycare, day care centers, Daycare, daycare businesses, free toys, home daycare business, homeowner policies, initial expenses, Start, working parents