How to Start a Day Care Business

How to start a daycare business is a question that is in the mind of many new entrepreneurs. Starting a daycare business is not hard but you just have to prepare yourself and do your homework. In this article I will go over a few important steps on how to start a daycare business.

Before you start a daycare business you are going to need a few things. I recommend you start out first by making a list of things you are going to need. A business plan is a key element in order to get yourself started in the right path. Here are a few steps and tips to start a daycare business.

How to start a daycare business tip number one. Make sure you get a your license. You can start by getting a copy of the regulations for licensing for your state. This can probably be done by contacting the Division of Family Services or similar government agency.

How to start a daycare business tip number two. Answer these important questions. If you are planning to open a daycare in your home, does your home and yard have enough space for the minimum square feet required by law for each daycare child? Also, have you met, or will you be able to meet, the educational requirements? Are these rules and regulations you and your family can live with on a day today basis? These are questions you should consider before you start a daycare business.

How to start a daycare tip number three. Make a Budget, That’s right you need to work out a budget, so you can determine how much you’ll charge for minding the children. There are start-up costs that have to be taken into account. For example (if the daycare is located in your home)child proofing your home, setting up an appropriate fenced in play area in the yard, first aid kits are a must, as well as the promotional material that you’ll need in order to market your daycare services.

How to start a daycare tip number four. Keep good records. Be sure to keep good records and keep taxes up to date. Track your spendings. Use Schedule C and SE along with 1040 forms, and take advantage of deductions. For example, make sure you keep receipts of all materials, toys and office supplies relating to your daycare business. Second phone lines are also deductible.

How to start a daycare business tip number five. Make sure you get insurance. Check with your state laws to see what insurances you need. Call your local insurance agency or find one online. A daycare insurance agent can advice you. Make sure you have sufficient insurances up to date in the event of injuries. Decide, before you even open for business, if you plan to pick children up from school, etc. You will need additional insurance to protect the children and yourself if you choose to drive them anywhere.

How to start a daycare business tip number six. Every profitable day care center requires a sharp manager or director. This person might be yourself, or someone you hire for the job. Regardless, this person will be the key to your success. Don’t forget the director should have an empathy with people, be an excellent judge of people, be sales oriented, and have an outgoing personality.

How to start a daycare business tip number seven Decide what hours of operation your facility will have. You’ll need to decide on your regular day care hours. Generally, these are from 6 a.m. through 6 p.m. As you can see the work day is longer than a normal eight-hour day, but the satisfaction of watching children grow and develop will be worth the extra effort.

Yes, owning and operating a child care business can be a very challenging and rewarding career. Success in this field requires dedication, love and patience. If you are interested in starting a child care business, at some point it might be wise to invest in some kind of information guide that can show you how to start a daycare business step by step quickly and as easily. Below is a link to the guide that helped me establish my very own daycare business just 2 years ago. I recommend it with my heart.

This publication will help you plan, prepare and operate your business. It will show you clearly how to start your daycare business from scratch. It explains the step-by-step A-Z process of starting the daycare business, from assessing the need for child care services to selecting the service, setting up your business and preparing for opening day. How to start a DayCare business has never been easier with this guide.

The Shocking Truth of Building Leverage and the Home Business Solution

Imagine for a moment that you are one of those huge success stories you read and hear about, someone that has set themselves free from the indentured servitude of the corporate world … you now have the financial security and independence that allows you the time freedom to live the life that it always seems like the “others” have.

Have you ever noticed how Fortune 500 company executives play a lot of golf, go on exotic vacations, and have more time available for having a quality of life than the average worker has? What is it that enables them to have this time freedom? It’s a concept called leverage. They keep getting paid big, on other’s efforts. They have leverage working for them. You can too, and here are a few ways to get it done.

The Corporate America Alternative
Most people are raised to get an education and seek out the best job they can get. The “Holy Grail” job is the high paid corporate executive who makes a multiple 6 figure paycheck. Rising to this level of income being paid to you by other requires years of “corporate ladder climbing”; long hours, and exchanging your time freedom for 24/7 access from the company. As you find High paid corporate executives are always “on the clock”.

Is Starting Your Own Traditional Business the Answer?
When you start your own business you are wading into a treacherous swamp full of obstacles, hostile threats, and loads of quick sand. Firstly, if you are able to raise the working capital to start a traditional business, you are typically required to have $100,000 – $250,000 in startup capital depending on the business. Then once you are open for business, for the first 5 years, plan on where lots of hats and having no leverage or time freedom. While you may feel free because you aren’t working for “the man” anymore; the truth is that you are just working for another “the man” called the banker. Once you have borrowed money for your traditional business, you are not on the hook, and required to focus completely on making that business viable. This doesn’t account for all of the regulation and/or employee overhead and headaches. To build to a $1,000,000 per year income, you will have to build a $10,000,000 per year business minimum.

What about buying an existing business or Franchise?
Buying a franchise ort existing business actually requires more capital than starting your own business. Expect to begin with large bank loans and instant major overhead. This environment mandates that you commit further than even a traditional business.

Why Home Based Leverage Building Opportunities are much safer and easier.
Even the most expensive leverage building Home Business only costs $25,000 – $35,000 to get started on the high side. In any business you have to apply committed focused effort; the difference here is that you will have little or no debt associated with you home business; and you will only have to manage yourself. In high price point leverage building home business opportunities, you can build an income equivalent to building that $10,000,000 per year traditional business in 2-4 years at a fraction of the cost and risk.

Creating Wealth requires that somewhere along the way you dramatically increase your personal income, and then re-invest that income into passive channels. Your options for creating massive income are limited. You could hold out for the big corporate position; however, that could be here today gone tomorrow. You could build your own business or buy an existing business / franchise; however, expect to be saddled with debt and burdened with employees and regulation. The Leverage Building Home Business alternative provides a low cost alternative to wealth building that still requires the effort in the beginning that any wealth building alternative does; however, as time goes on, you have massive leverage in place, and no debts or overhead associated with the large passive income stream(s). So if you are serious about building wealth and want to do it now instead of in 10 – 15 years, the leverage building home business alternative is your best choice.

Why the Path to an Online Home Business is Inevitable

Did you know that the US government is currently making an effort to encourage families to start setting up businesses in their houses and work from the comforts of their home? This comes in light of the fact that the balance between work-and-family life for working parents have drastically skewed towards work and thus affecting the quality of family life. This, I think, is actually obvious since it is during these times – more than ever – that individuals who support families need to work far harder than ever before to provide for a decent living environment.

Home-Based Online Business as an Option

The option to create a home-based business using the internet is not the first thing that comes to mind when people think of making a living. Many people at first thought would take this idea as nothing more than a scam that is neither stable nor sustainable if you wanted to make it as a means to create a living. But this is really far from the truth. For the most part, people just don’t really understand how the internet online business operates and of course, what we don’t understand, we stay away from.

In reality, the internet has opened up a lot of opportunities – and continuous to do so. If done correctly, starting up a home-based online business can be very profitable. There are literally billions of people going online, browsing the internet, looking for things that they need, information that they require, and ready to spend some money for it. Think of the internet as a “global mall”. And inside this “global mall”, shops and stores are constantly popping up in the form of websites, trying to get the attention of the visitors in hopes that they have what they need and then ultimately make a sale. From an entrepreneur’s stand point, having billions of people going into the global mall daily is a very big opportunity. And the best part? You can create, start and run your own “virtual store” from your home!

The Benefits of an Online Business

Having a home-based internet business provides you a means to start a business without the huge start up cost of traditional businesses. No investments in construction or rentals, inventories, manpower, among others are required to get you up and running. You can practically start your business with less than $50 dollars.

Having a home-based internet business will give you the flexibility to work anywhere you want to, as long as you have an internet connection. You will no longer need to get up early in the morning for that 1 hour commute to work. With the right internet business set up, you can live anywhere and be able to work on the business.

Word of Caution

Having a home-based internet business is not an easy task. It may even be daunting to most people. But it is also not very difficult. As in any type of business, you need to be serious going into the business, learn and put in the necessary time and effort, passion and persistence, to create the lifestyle that you want. Nothing comes for free. Not even in the virtual world.