ExecutiveChronicles.com | How to Start a Daycare Business | If you’re not sure how to start a daycare business, it can be a struggle. Daycares aren’t like any other kind of small business. They require additional licensing and insurance and it takes a lot of trust-building to get parents to leave their children with you.
If you’re looking for a side hustle, a daycare center may not be for you. But if you’re interested in a career that lets you work closely with kids and make a difference, keep reading. We’re going to tell you how to start a daycare business.
First off, you have to get licensed. Being a babysitter or a nanny is one thing, but a daycare center requires licensure to be considered legal.
Check out your state’s Department of Children and Family Services to figure out what specific requirements you have to meet to start a daycare center. A local child care licensing agency will be able to help as well.
You’ll also need to be CPR certified, have a clean criminal record, and prove that you’re committed to being a high-quality childcare provider.
Create a Business Plan
Next, it’s time to create a business plan for daycare centers. This will help you set up your goals and your mission as a company.
Define your mission statement, your operations and procedures, how you’ll staff, and what your budget is. This will help keep you on track and progressing towards your goals.
This is a good time to think about what your rules and regulations will be as well.
To keep your daycare business and the children you will care for protected, you’ll need several kinds of insurance. You’ll need liability insurance, property insurance, worker’s compensation insurance, and business insurance.
Double-check with your local child care provider licensing office to find out what insurance your business needs to stay protected.
Draft Your Contract
Having a contract will help keep you and the parents you serve protected as well. Contact a lawyer that you trust to help you draft an airtight contract.
You’ll need to consider:
- How will parents pay you?
- How will late payments work?
- What times do you operate?
- What is your sick child policy?
There are plenty of other questions you need to answer and have in your contract.
All you have to do now is advertise! Word of mouth is the most powerful form of advertising when it comes to something as personal as childcare, but keeping up with the best SEO practices won’t hurt either.
How to Start a Daycare Business the Right Way
Now that you know how to start a daycare business, you can feel confident that you’re getting your new career off to a good start. It takes a lot of work to open up a daycare center, but they’re a great way to serve your community and help to shape the young minds of our future!
For more business insider tips and tricks, keep reading!