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When you're beginning to set up your own child care business,
you should consider the following six things in order to be both
successful and safe.
Type of business
When you're first thinking about setting up a private child care
business, you'll want to think about the location of your
business. Some people like to work from their home when they
have ample space, while others want to travel to their business.
If you do not want to work from home, you might consider
commercial options that would give you a partnership with other
similar businesses in a franchise arrangement.
The legal side
Before you even begin, you need to talk to your local business
services in order to see what kinds of licenses and other legal
conditions you have to gain. Find out what kinds of requirements
are needed to earn them as well as the costs that you may incur.
These can include health code regulations and inspections as
well as fire code and more. It will depend on the location in
which your business will be situated.
Education for you
You will also want to consider any special training and
certifications that you might need in order to run a successful
child care business. This might include first aid classes, CPR,
as well as certifications in child care and child development.
Any of these certifications will further legitimize your
business in the eyes of parents.
Insurance needs
You will also want to find out the amount of insurance that you
will need to cover any damages or injuries that might occur
during the life of your business. If you're running the business
from your home, you will need to increase the limits of your
current policy, or in some cases, buy a separate policy.
If you're running your child care business from outside of your
home, you will need to look into insurance for that facility.
Checking out the market
A lot of business owners don't stop to think if the current
location that they are in is appropriate for the business
services that they want to provide. You can start to research
this by calling other child care providers to see if they have
more clients than they can handle or if they aren't filling up
their business on a consistent basis.
Of course, these answers may not mean as much if you find a
location near a business with many parents that need child care.
If you are convenient for your market, then you can be more
competitive.
Figuring out what you need
Generally speaking, you should sit down and determine how much
money it will take to start up your child care business as well
as the equipment that will need to be purchased with this money.
You might also want to consider if you will need additional
staffing to take care of more children than you can handle by
yourself.
Your child care business starts with careful attention and
planning. Get out that pad of paper today and start thinking
about what you need in order to give the children the best place
to stay.
About the author:
Daphne Cameron is business consultant and owner of
http://www.child-daycare-business.info and
http://www.child-care-business-info.info where you can find
useful tips on starting a child care business.
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