How to start a daycare business is a question that is in the mind of many new entrepreneurs. Starting a daycare business is not hard but you just have to prepare yourself and do your homework. In this article I will go over a few important steps on how to start a daycare business.
Before you start a daycare business you are going to need a few things. I recommend you start out first by making a list of things you are going to need. A business.educationeasy.net business plan is a key element in order to get yourself started in the right path. Here are a few steps and tips to start a daycare business.
How to start a daycare business tip number one. Make sure you get a your license. You can start by getting a copy of the regulations for licensing for your state. This can probably be done by contacting the Division of Family Services or similar government agency.
How to start a daycare business tip number two. Answer these important questions. If you are planning to open a daycare in your home, does your home and yard have enough space for the minimum square feet required by law for each daycare child? Also, have you met, or will you be able to meet, the educational requirements? Are these rules and regulations you and your family can live with on a day today basis? These are questions you should consider before you start a daycare business.
How to start a daycare tip number three. Make a Budget, That's right you need to work out a budget, so you can determine how much you'll charge for minding the children. There are start-up costs that have to be taken into account. For example (if the daycare is located in your home)child proofing your home, setting up an appropriate fenced in play area in the yard, first aid kits are a must, as well as the promotional material that you'll need in order to market your daycare services.
How to start a daycare tip number four. Keep good records. Be sure to keep good records and keep taxes up to date. Track your spendings. Use Schedule C and SE along with 1040 forms, and take advantage of deductions. For example, make sure you keep receipts of all materials, toys and office supplies relating to your daycare business. Second phone lines are also deductible.
How to start a daycare business tip number five. Make sure you get insurance. Check with your state laws to see what insurances you need. Call your local insurance agency or find one online. A dayhappinesslifetime.com care insurance agent can advice you. Make sure you have sufficient insurances up to date in the event of injuries. Decide, before you even open for business, if you plan to pick children up from school, etc. You will need additional insurance to protect the children and yourself if you choose to drive them anywhere.
How to start a daycare business tip number six. Every profitable day care center requires a sharp manager or director. This person might be yourself, or someone you hire for the job. Regardless, this person will be the key to your success. Don't forget the director should have an empathy with people, be an excellent judge of people, be sales oriented, and have an outgoing personality.
How to start a daycare business tip number seven Decide what hours of operation your facility will have. You'll need to decide on your regular day care hours. Generally, these are from 6 a.m. through 6 p.m. As you can see the work day is longer than a normal eight-hour day, but the satisfaction of watching children grow and develop will be worth the extra effort.
Yes, owning and operating a child care business can be a very challenging and rewarding career. Success in this field requires dedication, love and patience. If you are interested in starting a child care business, at some point it might be wise to invest in some kind of information guide that can show you how to start a daycare business step by step quickly and as easily. Below is a link to the guide that helped me establish my very own daycare business just 2 years ago. I recommend it with my heart.
This publication will help you plan, prepare and operate your business. It will show you clearly how to start your daycare business from scratch. It explains the step-by-step A-Z process of starting the daycare business, from assessing the need for child care services to selecting the service, setting up your business and preparing for opening day. How to start a DayCare business has never been easier with this guide.
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Ed Smith
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