Tag Archives: Day care

Fast Way to Make Money – Operate Your Own Child Care Referral Service

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If you’re looking for a fast way to make money, here is what you’re going to do:

-You are going to create a website
-The website is going to be a child care referral service
-You will market this website to nannies and other child care providers
-You will also market to individuals needing nannies and child care providers
-You will hook people up with individuals in their area who can take care of their child

And there are several ways that this will work for you.

The first way is that you can charge a fee to provide the referrals. The second way is to charge a membership fee to those looking for child care providers. Continue reading →

Good Advice on Starting a Children’s Daycare Business

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The American dream of prosperity today requires two sources of income to accomplish this hope. And because of this thousands of children need somewhere safe and secure to go during their parents working hour’s absence. Fortunately thousands of kind, caring, and children loving individuals have come up to the plate to provide a remedy for baby sitting those children in need of supervision. These folks have taken the initiative to start a daycare facility. Running a children’s daycare service isn’t the same as watching ones neighbor’s kids for a few hours. It is in reality an honest to goodness business that requires proper management and planning to succeed.

Before one starts a children’s daycare operation some legal requirements need to be researched. Most states do not exercise any jurisdiction over caring for small groups of children in ones home. However, if one is considering supervising more than three or four children chances are there are legal requirements that must be incorporated in the operation of the daycare services. To play it on the safe side check your local government listings online or in the phone book for the Child Care Licensing agency in your area. Continue reading →

Starting a Daycare Center (On a Tight Budget)

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When preparing your budget for your new day care center, return often to your understanding of the core service you need to provide: a safe space with competent staff. Use this understanding to guide you as to where you can save money and where you must be ready to spend.

An Example – Food Service

One example is lunch service for the children in your day care. Day care centers may prepare fresh lunches in their own kitchen for children. However, having to build out a kitchen may add significantly to the capital you need to raise. What would happen if you cut the kitchen and instead ordered lunches out daily, working out the best deal possible with a local restaurant or store? You would cut not only the start-up cost, but also the electrical and maintenance costs associated with having the kitchen equipment. You could also devote more staff time to working with the children and avoid the daily labor of food preparation, and the periodic labor of ordering and maintaining supplies and ingredients. The direct cost of the meals would certainly be higher, but maybe you could pass on this cost to parents by explaining the benefits of outsourcing meals to a skilled business. This is the type of cost-saving analysis you should undertake. Continue reading →

Start a Child Daycare Business – Pricing Your Services

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Many entrepreneurs wanting to enter the daycare business have lots of questions about how they should price their child care services. Let’s take a look at some of the factors that you may consider when formulating an approach to pricing for use in your daycare.

1) Don’t overprice your services. Unless you have an established brand or really have something unique to offer then you will miss out with this approach as parents can and do shop around.

2) Don’t price your services too low. Many new child care center operators think that a great way to get business fast when they are just starting out is to come out with pricing that is considerably lower than competitors. This approach could lead to customers perceiving the quality of your services to be poor. You may get some bargain hunters but you will barely be profitable and if you do try to raise prices later on you will have some disgruntled parents on your hands. If you do start a price war then you will damage the whole industry locally and all players will suffer as a result. Continue reading →