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Victor Walthour
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Ever consider opening a daycare business? Here's information on start-up costs, earning potential, & more.

Published on 1/28/2019
For additional information  Click Here

Benefits of Owning a Daycare Business

If you are considering starting a daycare business, it is unlikely that you are thinking just of money. There are many other benefits to these ventures that will help you make your decision.

•    A daycare is a great use of a degree in early childhood education or child psychology. They allow you to make a difference in a child's life every day.
•    Running your own daycare means you will never have two identical days. Children are fun and unpredictable and each new day will be a new adventure.
•    Daycares offer a lot of freedom and flexibility. You can exercise your creativity in choosing activities, field trips and lessons that will keep the children entertained and learning.
•    Staring your own daycare business can be a fantastic alternative for people wanting to have a reliable source of income but also do not want to leave their children. You can simply care for your children at the same time as all of the others.
•    Daycares are highly customizable. You can start very small caring for children by yourself or go all out and begin a multi-person large daycare.

Earning Potential

From the smallest operation done out of a private home, to large centers providing care for several hundred children, daycares can be a very profitable business when run properly.

•    The amount you earn will be based on the number of children you enroll and the fees you charge. Ensuring that your rates are competitive will encourage parents to enroll their children in your daycare.
•    The rate for childcare generally depends on the age of the child. A baby is more time-consuming and labor intensive to care for than an elementary-aged child and therefore will have a higher rate for care. This means that whatever age you optimize your center for will also affect your income.
•    Taking advantage of grants and small business loans offered by your state and private sources can help you get started quicker and more easily. This means that your profits will come sooner and, once you pay back any loans, you will be able to enjoy a steady income more quickly whether it be your main source or a means to earn money on the side.
•    The amount you can charge for childcare also depends on the qualifications of the care professionals you employ. You can have higher rates if you employ leaders with certifications or degrees.
•    You can also charge higher rates depending on the involvement and level of activity you provide in your daycare. A very active daycare that goes on field trips and offers many opportunities for children to learn and develop throughout the day will be more expensive than one that is less involved.

Caring for children is an extremely important venture. Starting a daycare business can not only be fulfilling and rewarding, but provide a good income for you and your family. This is an ideal venture for mothers or grandmothers used to caring for children who want to earn extra money while still staying with their own children.

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