If you want take care of children in your own home As part of a venture, you know that it is a very profitable business because due to economic problems, both parents need to go out to work and leave their children in the care of people who ensure good care.
Well, in this sense, the nursery must be reliable and that it assures their parents that their children will remain in a place where they will be cared for as they would themselves, without neglecting the price, since it is usually so expensive than one of parents prefer to lose a salary and stay at home caring for the child.
Taking these considerations into account, you can start your business …
How to open a business to babysit in your own home
If you made the decision to babysitting in your own home, follow these steps so that you can be successful with your endeavor:
Step 1: Considerations
You should consider several points before starting your business:
- Make an evaluation about yourself. In principle, if you have thought about caring for children, does it mean that you like interacting with them, but do you know the commitment that being in their care means? Do you know the energy you need to keep up with a young child?
- You can have sufficient conditions to dedicate yourself to childcare and take advantage of your home to open your business, but do you have business vision? Well, you must think that it will not only be about interacting with children taking care of them while their parents work, but that you must have a business vision and you must do it with professionalism.
- Like all businesses, there will be risks, do you have enough aptitude to face any type of risk, be it a carelessness with children or the ups and downs that businesses usually face?
- You have leadership aptitude to put yourself in front of the personnel that will work with you, can you supervise it?
- Do you know how to organize a business with the accounting records that correspond to a small business? Or are you willing to hire an accountant to handle your administrative matters?
Step 2: If you have successfully resolved the above considerations, now focus on thinking about your community, does it need a nursery? If your research revealed this need, then think about the services you will provide to that community.
Step 3: Go to your local municipal centers or the United States Census Bureau for demographic data on the number of children of a certain age within your area to focus your care on that age range.
Step 4: Check with your municipal center licensing office for the number of child care centers that serve children in your area and contact each of them to find out their rate.
Step 5: Having communicated with each center you will know the type of child care they offer and what they are not offering, then you can focus your business on child care that those centers do not cover, for example:
- Focus on caring for a group of children within a specific age.
- Babysitting at night.
- Day or night weekend babysitting.
- Care of specific age children.
- Childcare during business hours.
Step 6: Once you have established the type of childcare, think about the amount of money you will need to carry out your business and the time it will take to get it back. Then think about a loan as an alternative and the viability of your business to repay the borrowed money.
Step 7: Think of the supplies that you will need to buy but not as costs but as part of supplies that you will need to buy on a regular basis because you will need to replenish them, such as children’s games, craft supplies, books, games and toys among others.
Step 8: Regarding costs and initial money, you should evaluate the need to make modifications in your house, always focusing on the safety of children.
Step 9: Evaluate the cost of the license fee to operate your home business and insurance according to your state.
Step 10: Think about the cost of the food that you will provide the children with the snacks that you will offer them while keeping them in your care.
Step 11: Evaluate the number of children you can take care of in your home and from this you will know the number of personnel you will need to hire and the salary they will receive.
Step 12: Think about how much you will charge for childcare in your home, does that rate help you with costs or will it be so high that parents will look for another option?
Step 13: Choose an easy-to-remember name and legal structure for your business. If you choose the sole proprietorship structure, it will be cheap and easy but you will file business and personal taxes together at the same time.
Step 14: If you need financing, you can go to the grants or loans offered by the federal governments for those who want to start in the childcare business. If you qualify, it will help you deal with operating costs and you can get your business up and running.
Step 15: In your locality or state, research the requirements to obtain the license of family child care centers, the small business association of the United States can help you with the requirements.
Step 16: Get the guidelines you need (it’s free and you can find them online), since in some states you will not need to complete an application until you have completed the guidelines for:
- Start a daycare.
- Find out if you qualify to start daycare.
- Know everything you need to open your home child care center.
- Know the safety rules and requirements.
- You will know the information on personnel matters.
- You will know the best practices for childcare.
Step 17: To obtain your license you must demonstrate that you understand:
- Emergencies, CPR and first aid.
- Discipline and activities for the development of the child.
- Child development, nutrition and health.
- Your home must have insurance for children including civil liability, theft and fire and supplies that you bought for the nursery.
- You have good communication with the parents.