Do what you love. When it comes to starting a new business, love is secondary. First of all, you must have an understanding of the business. You love spending time with kids. You have a passion for finger painting. You really enjoy playing ring-around-the-rosie. A child care center is the right business for you. However, you can only survive with the ins and outs of the business. You are going to have fun with the kids. You are also going to manage and run a business.
It takes special skills and knowledge to be at the helm of a daycare business. Ownership of a daycare brings excellent perks of working from home and staying with kids. However, you have to be a particular person. Consider starting a childcare center if you are a kind, patient person who knows at least the business basics.
The U.S. Bureau of Labor Statistics finds this business will see the fastest employment growth through 2020. Do you know what does it mean? This is the best time to start a childcare center. If you are considering opening an in-home child care center, you will get to work from home, and you will also be able to spend time with your kids.
Even when you have no children but love the little ones, an in-home child care center can be your best business. In the modern world, both husband and wife go out to make money. You can make money while staying home and taking care of your kids. Working parents always look for caring and responsible people.
Considering a Franchise
Starting a daycare business involves a lot of steps. However, purchasing a daycare franchise allows you to skip these steps. Most people find it a cost-prohibitive option. Even the cheapest franchises are expensive. This usually costs more than tens of thousands of dollars. So, an in-house daycare is ideal for people who can spend less money.
Starting a childcare center involves several crucial steps, with licensing being the first and most important. However, the journey doesn't end there. Creating a nurturing and stimulating environment where children can learn and grow is essential. This is where centers like Little Angels come into play. Focusing on providing quality care and education, they set a high standard for what a childcare center should be.
The following are the benefits of running an in-house daycare business:
- Fewer expenses
- Flexible hours
- Convenience
Learning About Licensing
Getting a license is the very first step to starting a business. So, contact the local Daycare Licensing Agency. Different states have different requirements and guidelines. You have to meet these requirements and follow these guidelines. So, if your home will be your workplace, remember to weigh the pros and cons. There are some states in which you do not require any license. However, all states have respective registrations, which you have to complete. The number of children you will care for is one of the most critical factors affecting your chances of getting a license. So, the first task is to determine the number of kids you will care for at once.
In many states, you do not need to apply for a license if caring for less than 5 children. Many people drop the numbers to skip the licensing process.
However, if you don't want to keep your enrollment low, you must go through the licensing process. Many daycare owners drop numbers, and some quit their businesses. So, get an idea of the requirements and guidelines of the state. In many states, you can have minimum and maximum numbers of kids. This will help you create the right plan for your childcare business.
Following are some of the licensing requirements examples:
- Depending on the age, there are indoor and outdoor physical space requirements, such as minimum square footage per child.
- Some health requirements include maintaining immunization and annual medication examination for kids and staff.
- You must follow fire regulations such as documented fire drills and posting evacuation plans.
- Education or training requirements include early childhood education certification, staff professional development, and more.
Once you know all the requirements, learn about other financial aspects such as the child care center budget template, income and expense, etc. You can also book an appointment with a childcare licensing specialist to get answers to your questions. He can guide you through the complete licensing process. Regarding the budget, you can download the child care center budget template. This will help you in creating the right daycare financial plan.
