It takes special skills and knowledge to be at the helm of a daycare business. Ownership of a daycare brings great perks of working from home and staying with kids. However, you have to be a special person. If you are a kind, patient person who knows at least the basics of the business, you can consider starting a child care centre.
The U.S. Bureau of Labor Statistics finds that this business will see the fastest employment growth through 2020. Do you know what does it mean? This is the best time to start a child care centre. If you are considering opening an in-home child care centre, you will get to work from home and you will also be able to spend time with your kids.
Even when you have no children but you love the little ones, an in-home child care centre can be the best business for you. In the modern world, both husband and wife go out to make money. You can make money while staying home and taking care of their kids. Working parents always look for caring and responsible people.
Considering a Franchise
Starting a daycare business involves a lot of steps. However, purchasing a daycare franchise allows you to skip these steps. Most people find it a cost prohibitive option. Even the cheapest franchises can be pretty expensive. This usually costs more than tens of thousands of dollars. So, an in-house daycare is ideal for people who cannot spend that much money. Following are the benefits of running an in-house daycare business:
- Fewer expenses
- Flexible hours
- Convenience
Learning About Licensing
In many states, you do not need to apply for a license if you are caring for less than 5 children. Many people drop the numbers to skip the licensing process.
However, if you don't want to keep your enrollment low, you have to go through the licensing process. A lot of daycare owners drop numbers and some people quit their businesses. So, get an idea of the requirements and guidelines of the state. In many states, there are minimum and maximum number of kids you can have. This will help you in creating the right plan for your child care business.
Following are some of the licensing requirements examples:
- Depending on the age, there are indoor and outdoor physical space requirements such as minimum square footage per child.
- There are some health requirements such as maintaining immunization and annual medication examination for kids and staff.
- You have to follow fire regulations such as documented fire drills and posting evacuation plan.
- There are education or training requirements such as early childhood education certification, professional development of staff and more.
