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Several factors impact the payroll costs for your daycare business, most notably the size of your daycare, the age of the children in your care, and how many caregivers, assistants, staff members, and other child care providers you have working for you. If you’re looking to start your own daycare business, the following will explore the associated costs of your new entrepreneurial endeavor, helping you better plan for your initial start-up fees and the overall price tag you can expect to plunk down to run a successful monthly daycare operation. Depending on the child care programs or infant care programs available and the qualifications of the child care workers, each specific daycare may have to abide by a different set of rules and regulations. is predominantly comprised of small, in-home child care businesses and larger child care centers, each offering either full-time care, part-time care, or some combination of both. The child care facilities system in the U.S. With the cost of child care expected to see a continued rise in the coming years, it’s no wonder why folks are beginning to look at child care as an investment opportunity and are starting to explore how to start a daycare now more than ever before.
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over the past few years has been the daycare business, which, according to some reports, is growing at an annual rate of 3.5%. You can keep it simple, and if you join the NeighborSchools community, our marketing experts will take care of it for you.One of the most popular industries in the U.S. If digital marketing isn’t your thing, don’t worry.
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You can even advertise your business page on Facebook-plan to spend about $100 if you try this out. Then share your page or website in local child care or parenting groups on Facebook. You can create a free Facebook page or a simple website using a service like Wix or Weebly. Business cards can also help, making it easy for you to talk up your daycare and share contact information on the fly.īut most parents begin their search for child care online, so it’s also really important to do a little bit of digital marketing. You can create flyers to post around your local community (coffee shop and library bulletin boards are great). This will help make sure you have kiddos enrolled from day one. You should tell the world about your business before you even open your doors. Marketing Estimated cost: $100 (free for our community) To help you create your budget and start saving, we’ll walk you through five categories of expenses:ģ. It’s an investment, but it’ll be well worth it once your daycare is open and thriving. While preschool teachers and child care center workers often make minimum wage, providers who run their own home daycare with NeighborSchools usually earn between $50,000 and $90,000 a year.Īs you set out on this exciting career path, you’ll need to buy supplies and pay for certain requirements related to your daycare license. Opening a home daycare gives you an opportunity to earn what you deserve as a child care worker. Home Daycare Startup Costs: What to Expect This is a good starting point as you begin to plan for your new business. While everyone’s situation is a little bit different, we’ve found that most providers spend $2,000 to $3,000 to open their home daycare. Sometimes this means you’ll have to make renovations before you can open your home daycare. Plus, you’ll need to make sure your home is up to par for health and safety requirements. Since you’re launching a licensed business, you also need to factor in costs like licensing and certification fees, if your state charges them. For example, if you have kids, you’ll probably spend less on books and toys since you’ll already have some. There are lots of costs to consider, and they can differ based on your personal situation and location. Finding out how much money it’s going to cost to get up and running is one key piece of that.īut, the answer isn’t so simple. It’s one of the most common questions our home daycare specialists hear, and it’s an important one to think about.īefore you take the leap into a brand new career, you want to make sure you’re set up for success. “How much money do I need to start my home daycare?”