Start Your Own Daycare Business

You can start your own day care business in your own home, where you sit for children of busy working parents. Even if you are a parent yourself, this is a great way to have your child interact with other children while you get paid!

You should do your best to do more than just babysit for children. Running a child care business out of your home involves helping children grow by teaching crafts, art, socialization, respect for others, sharing, etc. It can be a very rewarding profession.

You are offering parents the stress of worrying if their children are being properly cared for. And you can offer children a day full of fun and interaction with others.

Valuable skills/Requirements

Child daycare work requires patience; creativity, motivation and teaching. Good parenting knowledge is pretty important. You will need to understand the psychology of influencing children with leadership. Also organizational and administrative skills are important to this business.

Basic business skills are necessary in the child daycare business

Babysitting background, teaching and parenting. Depending on the state you live in, regulations require that you be licensed caring for over a certain number of children.

Check with your state for childcare licensing requirements. Some states require anything ranging from a high school diploma to a college degree in child development or early-childhood education. State requirements often are minimal.

How much you can make

According to the Children’s Defense Fund, childcare costs in Boston could cost up to $8800 for full time childcare. That adds up to over $150 per week per child, which would be the range of fees per child as the owner of a daycare center.

Of course, there is a bit of overhead and certification costs and classes and a daycare assistant. (It depends on each state, but regulations allow only up to a certain amount of children per caregiver.)

Your research will need to include the rates in your region to see how much you would be able to make starting your daycare center.

Business Start up Costs/what you need to begin

Depends on the amount of children and licensing requirements, but a small home-based childcare service can be started for under $500 on a limited basis.

Once you exceed state minimum requirements for licensing, cost of starting can quickly exceed $5,000. You also need to check with an insurance agent on what type of insurance your state requires. And you should check with an attorney to make sure you have covered all of the legal aspects.

Watching children grow, learn, and gain new skills can be very rewarding. But childcare can also be tough mentally and emotionally. If you have children of your own, you will understand what it takes to care for a number of young children at the same time.