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Friday, September 03, 2010
Tips on Starting a Daycare

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By Michael K.

The recent U.S. economic downturn has forced many American households to re-evaluate their financial commitments and priorities. For some, this has meant simply reeling in spending on luxury and other non-essential goods, while for others, the toll has been much more serious, with jobs, cars, and even houses lost.

Especially hard-hit are those families with small children. Because current financial events are causing a contraction in the job market, many parents, both married and single, have lost a substantial portion of their income, making it more and more difficult to justify their ongoing childcare expenditures. In fact, because it may make fiscal sense, many parents have considered removing their children from daycare, and staying at home.  

But when this is possible, the savings are usually only marginal. That is, more often than not, the parent(s) are only saving just enough money to justify the transition. This leaves many parents wondering how they can make their new-found position profitable.

Anyone who has had or taken care of children knows that it’s not twice as difficult to mind two children as it is one. Nor is it three times as difficult to take care of three children as it is one. Up to a certain point in fact, the addition of children increases the caretaker’s workload by only a small amount. So why take care of one child, and barely make ends meet, when you could take care of a few and turn it into a career?

Starting a Daycare

As there is a lot more that goes into starting a daycare than simply inviting parents to leave their children with you for the day, we at GoodDeals.com thought it would be a good idea to outline the basics, including some fundamental questions, to help our readers decide if it is something they might be interested in.

  • Types of Child Care Centers: What kind of child care center might you be interested in opening? Do you plan to take care of a few children in your home, or do you have the means to rent a facility and hire a staff? Are you more interested in “hands-on” care or the managerial side of things?

  • Child Care Market: What is the child care market like in your area? What kind of competition might you face? Is there a real demand for the kind of child care you could provide in your area?

  • Licensing Requirements: Are you prepared to face the rigors of child care licensing? Do you have the means to provide the appropriate caretaker to child ratio?

  • Financial Means: While grants and loans are available for small businesses, do you think you will have the financial wherewithal to start and maintain a child care business?

As stated before, there’s a lot more that goes into starting a child care service than simply answering “yes” to the above questions. You will, for example need to consider the purchase of numerous child care supplies such as safety mats and activity centers. But whatever you decide, we wish you and your family the best of luck, and good health!

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