In today’s economy daycare center are an essential service, and working parents are always worrying about daycare for the kiddies.. Starting an affordable, daycare center fills an important need by alleviating some of this worry. Starting a daycare center at home can be a way to bring in extra income while taking care of your own children.
Understand your community’s need. There are many reasons why starting a daycare center is especially economically viable today.
The majority of families today do not fall into a male breadwinner-female homemaker model.
1.Find out the hours the parents would need daycare service, shift work is an increasingly prominent feature of the new economy, with more and more people working nights and weekends.
2.The majority of families today do not fall into a male breadwinner-female homemaker model.
3.Shift work is an increasingly prominent feature of the new economy, with more and more people working nights and weekends.
Assess your strengths and weaknesses. If you are thinking of starting a daycare center, You should be a person who loves working and seeing to the needs of children and other. This kind of business/job needs tremendous amount of energy and commitment, but that is not enough to run a successful business. There are a number of other qualities you will need.
- Professionalism and the ability to make good judgements
- Willingness to take risks in business
- Ability to supervise staff and children
- Financial resources
- Organizational and record-keeping skills
- The ability to make good quick decisions
Think about your community. Once you have established a need for daycare in your community, think about the kind of services you want to provide. You’ve already decided to establish the center from your home but there are still many things to consider:
- Look at demographic data. How many children are there under the age of five in your area? Also consider conducting a focus group of parents in your area.
- How many childcare centers already exist in your area.
- Once you’ve established a comprehensive list, contact each center to find out how much they charge.
- What doesn’t the existing child care centers not currently serve your community.
- Perhaps aa certain age group or time frame are not being served. If so, this could be your niche. You might want to consider the following options.
- Care during the traditional work day
- Before or afterschool care
- Evening, overnight, or weekend care
- Care for a specific age group
- Consider other features that could set you apart from other childcare centers in your community as well, such as a focus on education, upgraded facilities, community engagement, a state-specific certification or highly-qualified staff
Save some start-up cash. Determine how much money will you need, and how long will it take you to save it?
- What supplies will you need to purchase? Keep in mind that this is not a one-time cost. You will need to replenish supplies regularly. These include toys, games, books, arts and crafts, playground equipment, and etc.
- What alterations, if any, will you need to make to your house to make it safe for children?
- What are the licensing and insurance fees in your state?
- How much will it cost to provide meals and snacks for the children in your care?
- How many children can you care for in your home?
- Will you need to hire extra staff, and, if so, how much will you pay them?
- How much will you charge parents for your services? Will it be enough to balance out costs?
Choose a name and legal structure. Your name should be simple, catchy, and memorable. Your legal structure will depend on the kind of center you hope to operate.