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A Guide to Working from Home: Day Care Center
The home computing revolution
and the advent of the Internet has made the dream of “Working from Home”
a very real and lucrative possibility for millions of Americans. And
this does not only apply to those who have found they can now
"Telecommute" in their chosen professions. But what if you’ve looked at
all of the Home-based Businesses that involve using the Internet – and
you think to yourself that isn't for me. Isn’t there some simple,
inexpensive home business I can start that doesn’t involve the Internet
or a home computer? And the answer is Yes. Do you love kids? Do you have
a natural ability to work with children, are you a former teacher? Then
you can start a home based Day Care Center.
AT A GLANCE
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Expected Hourly
Income |
3000-5000.00 Monthly |
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Start-Up Costs
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High,
Moderate, Low
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Start Up Degree of
Difficulty |
Easy,
Moderate, Difficult, Very Difficult |
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Potential Problems |
Not being properly
certified or licensed |
Getting Started
While on these pages we have
been talking about the millions of people who are breaking away from the
9-5 to start their own business - the fact of the matter is most of us
never get the opportunity to do that. And figures show that actually in
more and more households both parents are working outside of the home.
That is good news, however for you if you want to start a home-based day
care business. The number of working parents continues to climb,
creating an increased need for quality and affordable childcare. Taking
care of other people’s children may be fun, but it is also a serious
matter. You must check with your local municipality for any and all
certifications, licenses, and zoning requirements for starting and
operating an in home day care operation and follow them to a tee or you
can be in a world of trouble should something unforeseen occur.
Start-up costs
You can actually get started
with a home-based daycare business with only a few hundred dollars.
There are many opportunities to get free toys and educational materials,
and there are many Grant programs that are also available to help an
entrepreneur start a day care center. Money spent on starting a Daycare
center is also tax deductible. You should expect to pay some money for
advertising and marketing, like a yellow pages ad, coupon mailer or
flyers. Also you should seriously consider incorporating to limit your
personal liability for accidents and injuries. And while Home Daycare is
not an Internet based business, you will need a home computer for
running the business, and a website will be a good idea to promote your
business. Bottom line – 2500.00 – 5000.00 should be the maximum start up
costs for an in home daycare business.
This should cover the name
searches, registrations, licenses, insurance, incorporation fees, and
initial advertising and marketing. As in any Home Based Business – if
you have left work to pursue Daycare as a full time income, and do not
have access to health benefits through a spouse, you need to include the
cost of health benefits in your monthly budget. More information on
Insurance for the Self-Employed can be found at
www.insurancebudget.com or
http://www.nase.org/
Hours and Income
A daycare business is a full
time job. Your income will be based on the fees you demand per child.
What you charge is determined by what the market will bare, and you need
to check around on what are competitive rates in your area. Your income
is also maxed out by the amount of children you can take on and attend
to properly. But remember you are justified in charging what the local
daycare centers and schools charge, which depending on the area you live
and numbers of days a week average around 300 – 400.00 per month per
child - because you will be giving the children a curriculum and
personalized, individual care they cannot receive in bigger facilities.
Potential Problems
The greatest pitfalls with a
home daycare business is tying to operate without proper licensure,
certification, and liability insurance. Do not. Spend the money to be
properly certified and legitimate - it will save you a whole lot of
grief in the long term.
Other Resources
In formation for Starting and
Running a Daycare business
http://childcare.net/indexnew.shtml
About Grants:
http://www.equalitygrants.com/
Conclusion
Home daycare is a fairly low investment and easy start-up that if you
enjoy working with children can be a great path to independence, and can
have the additional benefit of allowing you more time with your own kids
if they are of that age, while still earning an income.
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