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If you are a teacher, former teacher, or simply have years of experience in child care and an entrepreneurial tendency, you may be thinking of starting your care at home or in a special institution. And with jobs expected to grow by 7% over the next decade, childcare is a stable career option. Therefore, if you are seriously wondering how to open a kindergarten, you have come to the right place.
How To Open Up Your Own Daycare
However, as with starting a business in any industry, your passion for your craft – or, in this case, your students – is not enough to ensure that your childcare business is a success. ‘contact both financially and legally. You’ll need to do your due diligence when learning how to start a child care business, paying particular attention to licensing requirements and making sure your facility and program comply with health and safety codes. – your state security.
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If you are a professional in teaching, learning, supporting and generally in gathering large groups of young children, you must be completely unfazed by the work it takes to start a childcare business. Here’s what you need to know.
While every path to starting a business looks different for every business owner, there are a few steps that every aspiring daycare owner should think about when it comes to the best way to start a daycare.
Before you can even start writing a business plan for your daycare, you need to decide what type of business you want to open. Consider whether you want to start a day care center at home or want a more commercial facility – your municipality may require different permits depending on which one you choose. You also need to decide which age groups you want to target.
You will then need to decide on a legal entity, which will have a major impact on how you are taxed and how you run your daycare. Will you have partners or open your own business? Also, you should consider whether you want a business item that offers you some protection. Turning your kindergarten into a limited liability company can be a good move as the business will take responsibility if something goes wrong.
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You can also decide to buy a kindergarten franchise. This option will greatly simplify the steps you need to take to open a kindergarten.
Once you have these details about your business down, you can move on to the next step in starting a daycare: writing a business plan.
This is a step you must take when starting any business, and it can be a lot of work, especially for those who want to start their business quickly. When you start writing your business plan, start by outlining everything you want to include.
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Your plan should include a resume, an overview of the company, a market analysis that includes a need assessment for a business like yours, a marketing and sales plan, and a financial plan along with financial projections. Don’t worry, you can always add to this as your business grows.
However, one thing you should include is market research. The last thing you want to do is go through all those “how to start a daycare” steps only to find that there isn’t a market for one or that there are already too many daycare centers in that area to do it. viable business.
Your business plan should also include a budget. The costs associated with starting and running your day care can’t be precisely calculated, but budgeting gives you some parameters to work with (and some peace of mind).
Also be aware that kindergartens can qualify for certain tax deductions that can ease your annual financial burden.
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You must also include a marketing plan. If you are seriously looking into starting a childcare business, you have probably been looking after children in your area for some time now and have built a network of local parents. This is one of the methods of customer acquisition value (word of mouth). However, implementing even a basic marketing plan can help define and legitimize your business – and if you need to implement a waiting list as a result, that’s fine too!
Your marketing efforts can be relatively simple and inexpensive. You can start by creating a Facebook page for your kindergarten and create a business website, make sure to include your contact information and a little about your business. If possible, plan to include photos of your properties and testimonials from satisfied customers.
If you’re a fan of social media, it also doesn’t hurt to create an Instagram, LinkedIn, and/or Twitter account to keep current and potential customers informed about your business. Make sure after doing this that you get permission from parents or guardians before posting pictures of their children, of course.
Analog marketing techniques also work well here. If possible, consider distributing flyers or pamphlets to libraries, schools, places of worship, or any other local gathering place.
Start Your In Home Childcare Business
You may not need a master’s degree in education to become a kindergarten teacher, but each state requires a certain combination of licensing and certification when it comes to starting kindergarten. Visit your state’s Department of Child Care (or equivalent) to learn about the training, experience, and authority required to legally operate a child care center.
For example, in New York State, a preschool teacher must have one of the following requirements:
You will likely find that there are some other requirements that usually come up when you are looking to start a daycare at home or in another facility. For example, your state may require that you and any staff you hire be certified in CPR. Another safety point to keep in mind is that you should be trained at least in the basics of first aid for children. You and your employees may also be required to be fingerprinted and undergo a background check before being allowed to work.
Even if your state does not require you to obtain a license, you should consider doing so, as your licensing course will cover all the areas you need to complete in order to run a daycare center. your day in your state, including health and safety regulations that are appropriate cooking and the required ratio of children and adults.
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In some states, in order to obtain the proper licenses or registration to open your daycare, you will first need to demonstrate that your daycare meets your state’s health and safety requirements.
So whether you choose to open a daycare in your home or buy or rent a new property, you need to make sure your facility complies with zoning, fire, health and safety laws. As for starting a home day care, you may need to make changes to your home to meet the day care requirements in your state, so be sure to factor them into your budget.
Another requirement to obtain a license? Get insurance. In some states, you need to get a license from the Department of Health and Human Services to run a day care center, but first you will need liability insurance.
The exception is home care, which does not require insurance to obtain a DHHS license. However, those who run home day care centers should seriously consider small business insurance. You always run the risk of being sued when running your own business, but that risk increases when you’re looking after other people’s children, so protect yourself whenever possible.
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There are several types of insurance that cover daycare businesses — liability insurance, workers’ compensation, property insurance, abuse and molestation insurance, and others — so check with the your insurance broker to decide which coverage is best for your business.
Answer a few questions and we’ll match you with an insurance partner who will help you provide a quote.
Get a business credit card and business checking account in advance to separate business and personal expenses when you open your first day care center.
It’s critical to keep your personal and business expenses separate for many reasons, not the least of which is to lighten your (or your accountant’s) burden before tax season. It is simply the most professional way to run your business. Set yourself to
