The demand for day care is on the rise due to the increasing number of women getting employed and leaving behind their traditional role of staying at home and watching over their kids full time. How to start a day care and run it successfully is a
Once you establish the demand then you should obtain a business license. Each country has its own set of rules and regulations guiding the setting up of day care centers. In most states in the US a license would cost you up to $500.
The availability of childcare license mainly depends on where you live. So it is advisable to contact your local child care licensing office before starting your business. Most countries
If you are setting up a day care business at your home the start up cost would definitely be lesser. If you are renting or leasing a building then it becomes a little steeper. You will need to pay for licensing, insurance, furniture, cribs, changing tables, vacuum cleaner, washer, disinfectants, toys and books. Then there is the cost of the employees' salary. You also need to take care that your facility has all the necessary safety equipments like smoke detectors, fire extinguishers,
If the number of children is high then you will require additional bathrooms and probably a kitchen. Additional facilities can be added once you become operational and the money starts coming in. Before you officially open your business you need to put away some for the utility bills, marketing expenses and the general upkeep. Detailed records of the expenses and income should be maintained for tax purposes. Also certain countries ask the day cares to maintain the health records of the children enrolled. There is a misconceived notion that a day care business can be started with a thin budget. It is wrong. You definitely need a modest capital to run a successful day care business.
Meeting the needs of the children is quintessential for a successful day care business. Be it their emotional needs like attention and social interaction or their physical needs such as safety, sleep and
The average gross annual income of a day care owner is estimated to be $47,000. Most of your expenses as a day care business, including your home heating bills, are tax deductible. If planned and managed well a day care business would be extremely successful both financially and emotionally.