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Whether you want to run a creche, a child care centre or simply look after children in your own home, this is the guide for you.
The guide focuses primarily on the operation of a day care centre, because centre care is where the big dollars are. Owners of independent centres can net $55,000 annually and more. The greater the number of children, the greater the gross revenue and profits.
However, it also outlines what you will need to consider when looking after children in your own home.
This is a highly regulated industry and there are many legal implications involved when looking after children. With that in mind, arming yourself with the necessary information is the key to making sure your business is a success and meets the needs and concerns of the parents needing your services.
To ensure the success of your business, you will need to pay careful consideration to your premises and location. Essentially, the site of your child-care centre may be the single most important factor in this business.
When operating a child care centre, it should be located near a major street used for commuting to and from jobs. Because lack of time is usually a more pressing problem in the morning, the preferred location for a centre is on the side of the street carrying the greatest flow of morning traffic. Plenty of space for cars to stop and load/unload children is a must.
Studies show that working parents prefer to leave their children nearer home than the office. For this reason, centres also do better in or near residential areas.
When starting a child care service you need to pay careful attention to your pricing structure, such as flat fees and hourly-rates.
It is essential you receive proper remuneration for your service to make sure your businessapos; income covers your operating costs as well as generates a profit.
Our guide tells you everything you need to know about setting up and running a child minding service from your home or a centre. Find out about legal requirements, licensing, space allocation, equipment requirements, suggested programs and more in this comprehensive guide.
Also outlined is what to consider when pricing your service, how to start your business, including the legal forms of operation and tax considerations and how to use advertising and promotion to your advantage.
| High net profit before tax | $66,000.00 | | Average net profit before tax | $49,000.00 | | Average startup investment | $73,000.00 | | Minimum startup investment | $40,000.00 |
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