This kind of small business ideas offers great flexibility.You decide yourself....
- How many children you want to work with
- The number of hours you want to work
- The extra services you will provide, like transportation or field trips
You will need to have a big sense of responsibility and serious commitment. The safety, well being and the development of "your" children will depend on you.
What kind of personal qualities do you need?
To run a child care business, you have to be energetic, professional, a good role model, have a pleasant personality and have high tolerance for stress. And number one, you have to love being with children.
How much does it cost to start a child care business?
The start up cost for your home based child care will fall in somewhere between $500 to $5,000.
Here are some of the stuff you'll need.
First Aid/CPR certification and kit, liability insurance, comfortable furnitures, educational toys, disposable changing pads and gloves, antibacterial cleaners, sanitary storage for used diapers, outdoor play space, music/movie system.
Services you can offer:
- Full time care weekday hours
- After school care
- Early mornings, evenings, overnight care, weekends
- Drop in or on demand care
- Part time care
- Transportation services
- Field trips
How much to charge for the services
Your fee's have to be competitive without being unfair to you. When you calculate the fee's, consider the following :
Labor and material costs, overheads and profits.
Ask your competitors how much they charge for their different services.(It's not necessary to tell why you want to know)
Promote your home based child care
- Start by tell your inner circle of friends and family about your new business.
- Design colorful flyer's and hang them at places where they will be noticed by young working people.
- Put a few ads in local newspapers.
- You can give discounts to customers who refer their friends to your center.
If you love to be with and tutor children, a child care business may well be your best small business idea!