Guide to Starting a Home Daycare

Two-income families are now becoming more and more common so home daycare services are becoming more popular. Therefore, starting a home daycare at home is a great way to earn money if you love children, have a spacious house, and want to earn some extra money. Some home daycare businesses have become so successful that some owners decided to quit their jobs in order to focus on their businesses full-time. If you want to try the running a daycare, then you’ve come to the right place. This simple guide will teach you how to start your own home daycare business.

Decide On The Location

The first thing that you need to do before you starting a daycare is to decide where you want your daycare to be. Do you want to run your daycare center from home or do you want to do it in a more spacious location? The location depends on how many kids you are able to handle. Most major daycare centers only realize a profit after enrolling 150 to 200 children. If this is your first daycare business, then it is best to run your daycare from home because the startup costs of a home daycare are lower.

Contact Your Local Government Agencies

Your local government agencies may have requirements that you need to meet for opening a home daycare. Some of these requirements are meals, facility size, snacks, and ratio of daycare providers per number of children. Your local may also require your daycare to have a licensed nurse onsite. Make sure that you are aware and meet your local government’s daycare requirements before you start a home daycare.

Insurance and Financial Backing

If you don’t have the money to start your home daycare, then the next step is to get insurance and financial backing for your business. Talk to an insurance professional to get the insurance coverage you’ll need for your home daycare. Next, you’ll need to secure financial backing for your daycare business by going to your local bank to inquire about a small business loan. A labor union or church may also provide the sponsor your daycare business and pay for the startup expenses. You need to have enough money to buy supplies and equipment for your daycare business. If you plan to hire staff, then make sure that you have the money to pay for their salaries.

Decide on the Daycare Hours and Hire Staff

Now that you have the money to start your home daycare business, the next step is to decide on the business hours for your daycare center. Most daycare centers operate during the day from early morning to late evening because that’s when most parents work on their jobs. Your business hours should be compatible with the work schedules of your clients.

If you can’t take care of all the children by yourself, then you need to hire additional staff for your daycare center. You might also want to hire a managing director to manage all of your home daycare staff.