I Want To Open A Daycare
What is the best way to get started?
Start by creating a business plan. The plan is important because it forces you to ask critical questions like:
- How much can I charge for my services?
- Where is my competition located?
- What will my startup costs be?
- How soon can I expect to start making money?
You can find sample busines plan templates on the Small Business Administration website.
Next, contact your city government to find out if free information sessions are available for anyone who wants to start a new business. Don’t forget to ask about sessions which focus on starting a daycare.
How can I make my business stand out?
If there are existing daycares in the area you are considering, you must determine what your selling point will be. What makes your business different? Will you focus on children with special needs? Do you know a second language, and could you offer support to students for whom english is a second language? Can you offer longer hours or weekend care? Do you offer better experienced teachers?
What is the one thing potential daycare owners need to keep in mind?
There are actually four things to consider.
First, if you have never worked in a daycare before, consider volunteering in one. It is the best way to get a good sense of what a typical day would be like. If it is at all possible, spend the entire day there.
Second, remember you are responsible for someone’s child. Something which should never be taken lightly. You must be ever vigilent to ensure each child’s safety.
Third, if you are running a family day care, you will be the only caregiver. This means if you are ill, need to go to an appointment or take vacation, you must close for the day.
Fourth, it is very important to establish relationships with other reputable day care providers. For instance, if you do not provide care for infants, partner with someone who does. That way when a potential client calls you requesting infant care, you can refer him or her to another provider. In return, the other provider is more likely to think of you the next time he or she is unable to accomodate a potential client.