Start Your Own Home Daycare Business

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If you are the parent of small children anyway or perhaps a grandparent with extra time on your hands, then you might want to consider opening your own home daycare business. It is not unusual at all for a home daycare business to begin in the home as a natural result of babysitting duties and then expand into something much larger. While not everyone will want to take on the responsibility of caring for more children, the fact is that a home daycare business has the potential to blossom into a real opportunity.

Essential Equipment and Requirements

State law will most likely require you to get a license in order to take your babysitting to the home daycare business level. This is to ensure that you are qualified to care for small children. You will also be required in most states to have insurance before officially opening a home daycare business and make certain that your house is suited for the new purposes you intend. Other than these basic requirements which will vary depending upon the state in which you live, having age-appropriate games and activities will be the only other essential necessary to begin your home daycare business. Unless you need to make improvements to your home in order for it to meet the requirements of your state, you can start a home daycare business for $1,000 or less with most of this money going towards insurance and licensing fees.

Skills and Training

Patience and a love of children is all you will really need in order to start your own daycare business. Now it will look better if you have some sort of background in Developmental Psychology or teaching, but these are not requirements that are necessary in most states.

Charges and Earnings

If you have ever paid for daycare then you already have a pretty good idea as to the charges and earnings to expect from running such a business. It is not uncommon, depending on the area and demand for quality daycare services, to receive $150-$250 per week for children under the age of 5 and less for older children if you are contracted to watch them after school. Your home, state law, and the number of people caring for the children will ultimately determine your earnings. The more children you can legally take care of, the more money your home daycare business will earn.

Marketing

Quality daycare does not need much more than word-of-mouth advertising and maybe a classified ad in order to effectively market services. As your business grows and should you decide to make education part of the services offered (and remember that teaching will definitely require certification and qualified teachers), then advertising in the Yellow Pages will become part of your marketing strategy.

Most people do not plan to start a home daycare business but sometimes necessity and opportunity combine and offer people the chance to go into business for themselves. There are licensing and insurance concerns, but the start-up costs for this type of business are pretty low, as are the expenses. So if you love children and want to take babysitting to an entirely new and exciting level, then consider opening a home daycare business and thus take control of your financial destiny while helping children and parents in the process!

Doug Dillard has started and run many home-based businesses over the past 25 years. He has created a great site for those of you looking to start your own home-based business, but don't know how to get started. Visit his website: HomeIncomeOpportunities.com for more information.

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