Two things parents are constantly looking for are more time and more money. They crave for more quality time with their children and more money to afford everything their children desire. Starting your own home day care can provide you with both things.
According to a 2017 study by the Child Care Aware® of America, the average yearly cost of childcare in America is 27% more than a single parent’s median income. In fact, the average amount spent in each state is over $19,000. That’s nearly the same as tuition at some universities!
If you’re working over 40 hours per week and you still can’t afford day care, then you have the power to change your situation. With some preparation and certification, you can legally start your own business and provide for your children like never before.
Funding Your New Business
Before you can open your home day care, you’ll need to find funding for your venture. You can get your side hustle on during your down time by taking paid surveys on reputable websites like Survey Junkie. As you complete surveys whenever you want, you earn points to redeem for cash into your PayPal account.
If you want to start your business immediately, taking out loans could be an option for you. A company like CashUSA.com can match you with the perfect lender and get money into your bank account in as little as one business day.
Depending on your location, federal grants can help you start your home day care. Check out the Administration for Children & Families’ Resources for Child Care Providers page for more information on potential opportunities.
Get Your License
You’ll need a license to legally start your home day care, so you’ll need to contact your state’s Department of Children and Family Services (DCFS) to begin your application process. Each state has its own rules regarding qualifications for opening a home day care service. (For example, see the rules and regulations for Illinois
.) In some states, applying for a home day care license is free, while other states can have fees of $100 or more. Visit your state’s local DCFS to learn the exact licensing cost.
When filling out an application, you’ll need to provide personal information for you, the other tenants in your home and information for any assistants you may hire. A background check will be conducted on all these individuals. You’ll also need to provide references that aren’t related to you or live in your home for the state to assess your personal character. A high school diploma or the equivalent will also be required to receive a license.
Rules and Regulations
Even though each state has different regulations for running a home day care, many rules are extremely similar. The state will make sure your home is in excellent shape and is safe to house children. You’ll need to make sure hazardous materials are out of reach and securely stored away. First aid kits, fire extinguishers, working smoke detectors and carbon monoxide detectors are necessities for your home. You’ll also need to have emergency procedures in place in case fires, tornados and/or other disasters occur.
There’s also a maximum number of children you can watch at once under a certain age. In Illinois, for example, you can watch eight children under the age of 12 at the maximum. In New Jersey
, one caregiver can watch the maximum of five children under the age of 13 at one time. Be sure to check with your local DCFS on what your state’s rule is.
Expanding Your Day Care
The Internet can be a wonderful thing for a new business. Spread the word about your new home day care via social media. Set up accounts for your business and promote them on your personal accounts. You can also boost your business’ posts for a small fee to gain more exposure.
Word of mouth is still an effective way to promote your business. Tell friends who have children about your venture. Ask if they’d be willing to switch to you and ask them to tell their friends about your business. This is a great way to network and build up your client base.
Once you start your business, you might realize you need help looking after all your children. If you know another parent who is in the same situation as you were, ask them to come on-board with you. They’ll appreciate the time they’ll be spending with their children as well.
To cut down on the hours you spend apart from your children and to cut child care costs, why not start your own home day care? Say goodbye to the 9-5 and the rush hour commutes. Stay at home and get paid to watch your children and your friends’ children grow. Consider starting a home day care today.