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Day-Care Center business. Put your child-caring expertise into your very own business.
The rising cost of living has made child day care a booming industry simply due to the fact that most families today require two full-time incomes just to survive financially. There are various types of day-care centers, such as homebased, storefront locations, mall and business locations, and mobile day care, and all have their benefits and drawbacks. Once you have determined the operating location and type of day care, the next step will be to get parents to bring their children. This can be accomplished in many ways, and a good starting point is a strong marketing presentation. Parents today want to know their children will be safe, happy, well cared for, and mentally stimulated. I recently visited a day-care center that was very successful, and the key to their success was the fact they installed video cameras in every part of their day-care facility. The digital video cameras gave the daycare the ability to broadcast live over the Internet via their Web site. What a great idea. Parents at work were able to check on and watch their children anytime they wanted to simply by logging onto the day-care Web site.
requirements: In almost all areas of North America, day-care centers and staff require certification. It is very important that you meet all requirements, and in most cases you strive to exceed these legal requirements. You will also be required to carry liability insurance and have on-site safety equipment such as first-aid kits, fire safety equipment, and emergency action plans. Once again, if your approach is professional and very well planned, you will have no difficulty in charging a premium over other competing day-care services in your community.
start-up costs: Homebased day-care facilities can cost as little as $5,000 to establish, while full-scale day-care centers operating from an independent business location can cost as much as $100,000 to start.
profit potential: Once you have established the type of day care you will be operating, the next step will be to factor in all overheads and establish a cost per child to provide your service. You will then add a markup or profit margin onto this cost to establish a retail price. Regardless of the size or type of service you provide, you can expect a healthy return on investment. You should have no difficulties earning in excess of $40,000 per year.