The Budget For Starting Your Day Care
Author: Loren Yadeski
Author: Loren Yadeski
There are two basic ways of beginning day care services. You can either run the service out of your own home or look for a full scale daycare center to run. If you being the operation out of your own home, you can spend as little as $500 to as much as $5,000 depending upon the remodeling you need to do, the equipment you need to buy and the licensing laws you need to meet. If you are looking to run a day care center that operates from an independent business location then you are looking at much greater start-up expenses that could run around $100,000.
These are some of the items that you are going to want to budget for: licensing fees, first aid or CPR certification, high chairs and booster seats, nap mats, bedding, playpens or portable cribs, advertising, liability insurance, safety devices, first aid kit, computer, software, books, and toys. You also need education materials, arts and crafts supplies, disposable gloves, disposable changing pads, antibacterial cleaners, good healthy food, child-sized tables and chairs, sanitary storage containers for used diapers, step stools for toilet and sink, outdoor play space, make-believe clothes, props and costumes for pretending and dressing up, record player or CD player, radio and tape recorder, containers for colors, pencils, markers and other art materials.
But that's not the whole list, you are going to need a few more items in order to make your day care the talk of the neighborhood and be able to make the parents happy. These parents will refer your day care to their friends and family. You may find that having a well equipped day care may end up helping you save on advertising costs due to word of mouth advertising.
There are other very important things that you have to budget for no matter if you are running the day care out of your home or you are operating it as an independent business. Just like any other business, a daycare needs permits such as a business license, fire-safety permit, and other permits that each state or county may require. These permits are not cost prohibitive. They usually only cost a few dollars a year. A very important issue and every business should make sure they have adequate insurance. The premiums are a bit pricey, but small day care centers will only have to pay a small premium whereas large day care centers will have to pay a lot more for their insurance. It is best to do some comparison when you are going to buy your insurance. Purchasing all of the needed equipment for your day care will definitely cost you some money, but most of these items are a one-time cost and should serve you for a long time. You may be able to get by with as little as $300 if you are just running a business out of your home. The cost will be considerably more for an independent day care center.
The cost of starting a day care center may seem overwhelming at first but it is far little in comparison to the potential to make money in this business.About the Author:
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