Starting A Day Care Business

People who is close to me might probably know my dreams.

I would like to retire from corporate world at age 36, when I am debt free, to spend more times with my family and start up my own business- day care.

Why day care, the main reason is purely because I love kids so much. While you can make money with your own interest, why not??!!

In planning your own day care facility, you will need careful planning so that you do not find yourself confused and at a loss on the tasks you need to finish. An organized checklist will help you prioritize and finish all that you are required to do.

For starters, you will need to have a clear definition of your day care. A definition of what your day care facility will be very useful in setting your policies.

• Will you be starting your own daycare facility?
• Will you be franchising from an established day care center?
• What age group will you cater to?
• How many children will you have in your day care facility?
• How many staff members will you be hiring?
• What will your employee’s job descriptions be?
• Will you be having an everyday program?
• Will you be having an after-school care program?
• Will you be offering overnight care giver programs?
• Will you be offering part-time day care programs?

Next, you will have to consider where you will be putting up your day care center. This part would need a bit of research on your part and a check into your finances.

• Will you be establishing a home-based day care center?
• Will you be renting out a space for your day care facility?
• What are the zoning regulations in the area?
• What is the market potential in the area?
• What is the neighborhood like?

Afterwards, you will need to legitimize your day care venture. This would ensconce your business on solid, and legal, ground. You will again need to research on this area.

• What is a business plan and how do you make it?
• What would be a good business name?
• How will you acquire permits and licensing for your business?
• How do you get and purchase insurance?

After getting the necessary permits and license for your business, you now have to focus your energies into the financing of your day care facility.

• How do you make a worksheet for your start up costs?
• What are the spaces, documentation, equipment, and other material you need to pay for?
• How much will you need to keep your day care facility running every month?
• What are the ways to save up on your expenditures?
• Can you use your personal finance, such as home equity loans and credit cards, to fund your day care facility?
• How can you apply and be eligible for government grants and subsidies for day care centers?
• How are you going to price your services?
• How much profit do you foresee?
• How do you make an efficient financial worksheet that can keep track of all your spending and profits?

The checklist you have above will surely assist you in making sure that your business becomes a success. It might be hard work but the gratification to be gained from a day care business will be truly worth it.