• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Business
  • Invest Your Money
  • Save Money
  • Get Out of Debt
  • Make Money
  • Family & Money
  • Taxes
  • Retirement
    • Retirement Calculator
You are here: Home / Family / Putting Together Your Own Childcare Business

Putting Together Your Own Childcare Business

January 31, 2022 By The Saving Gal | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Putting Together Your Own Childcare Business

Childcare is something in frequent demand in the modern era. More and more people are working, and the workplace doesn’t tend to be all that child-friendly! But if you’re someone who loves working with kids, have you ever thought about offering childcare services professionally?

If you’ve got the time, and If you’re also someone with bundles of energy and want to work knowing you can use it, starting a childcare business of your own could be the next great career step! So, with all that in mind, here are the steps to take to put together your own childcare center. 

Talk to Local Parents

What’s the need for childcare in your area? You’re going to be mostly serving local parents and families from maybe 10 to 20 miles away, so you need to find out what they want from a center like yours. 

Conducting this research will inform you on what space you’ll need, what working hours will suit you best, and what price range they’ll be willing to pay. Get out there and talk to other parents in the playground, in groups, and be sure to put together a survey for parents to fill in that you can post on social media. 

Know Your Regulations

Before putting your business plan together, make sure you find out what regulations will guide how you run your childcare center. In the US that means getting in touch with the Administration for Children and Families (ACF), and the state department relevant to you. They’ll be able to help you become licensed, as well as put together the list of rules all parents and workers must follow while on-premises. 

Put Your Budget Together

Now it’s time to budget for your childcare needs; depending on the intake per day, you could be looking at thousands per month in terms of supplies. You’ll also need to outfit your center with daycare furniture, toys, care equipment, and storage for it all. 

Be sure to check your local licensing regulations for the minimum standard for all of these categories in your area and then work up from there. Don’t worry, childcare can be a lucrative sector, and you should be able to make back these costs in full from day one. 

Put Your Policy in Writing

Once you’ve figured out how you’re going to run your childcare business, you’ll then need to put it all in writing. Not only will this help you to commit to good practice, but it’ll also form the basis of the contract you draft for all parents to agree to. In doing so, you protect yourself legally from being accused of neglect or other misconduct, and you ensure your own working boundaries are respected by anyone who uses your services. 

Putting together your own childcare business takes time, but it’s a job that’s suitable for those with high energy and a passion for nurturing the youth. Could it be the right career for you in the near future? 

Primary Sidebar

Popular Articles

How to ensure success when entering the property market

How to ensure success when entering the property market

Are you thinking about entering a new market, with the property market being high on your list? The … Read More about How to ensure success when entering the property market

Do You Know The Cost Of Your Retirement

Do You Know The Cost Of Your Retirement?

Are you already thinking about retirement? Nobody should wish their life away, but that doesn’t mean … Read More about Do You Know The Cost Of Your Retirement?

Marketing is Worth the Investment - Heres Why

Marketing is Worth the Investment – Here’s Why!

When you own your business, there is often a non-stop flow of information telling you what you need … Read More about Marketing is Worth the Investment – Here’s Why!

5 Reasons Your Small Business Needs a Business Account

5 Reasons Your Small Business Needs a Business Account

As your small business grows, you might find it more difficult to keep up with earnings and expenses … Read More about 5 Reasons Your Small Business Needs a Business Account

Investing in Business Infrastructure Beyond the Physical Assets

Investing in Business Infrastructure: Beyond the Physical Assets

In the world of business, the term “investments” has come to have a very specific meaning, and it is … Read More about Investing in Business Infrastructure: Beyond the Physical Assets

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service