It was a big decision that I made to walk away from the corporate world to start my own small business. I decided to run my own in home daycare instead of working at large chain daycare. It was defiantly fun at the beginning because it was brand new. Everything is always exciting when its brand new. Unfortunately, things don’t stay brand new! Over the months, I was trying to get myself to adapt to the routine and schedule I…
Are you thinking of opening an in home daycare and quitting your fulltime job? One of the biggest question one may ask is, “Can I make a fulltime paycheck opening an in home daycare?” The answer is YES!!! It does ultimately come down to how much you charge per child and how many children you watch. Most states an in home daycare can only watch 6 children at a time. If you are going to charge $200 a week per…
Summer is right around the corner and now is the time to start preparing. If there are things that will need fixing or replaced you’ll want to budget for that. I would just walk around your yard and make a list of things that might needing fixing or updated. Then make a list of things you would want to purchase for the kids to play with. This way you can number what is the most important and what is the…
Of course everyone wants to know, “How much can an in home daycare provider make per year watching kids from their home?” It isn’t a very simple answer. Now if you want to just say I charge X amount and have X amount of kids that I watch and that equals your pay, than great! But, I want to add in the cost of food, rent/utilities, etc. into your revenue as well. So, than you can truly see if what…
It is very important to stay organized when you open an in home daycare. The best way to stay organized is to have a checklist. I would make a checklist of everything you have to have to open, things to eventually purchase to stay open, and things that you can hold off for a little bit before opening. This way you are not overwhelmed and spending a lot of money right off the bat. I will give you some examples…
When it comes to opening your own in home daycare, it has its pros and it also has its cons. Sometimes, you might not deal with any of these so called, “cons” until later down the road. Or you might have to deal with them right away. You just have to remember that every business has pros and cons. Not one business, whether you own it or not is perfect. Just remember that being a provider isn’t all flowers and…
When it comes to running a daycare business from home, it is important to come up with weekly or monthly budget. Keeping track of your revenue vs. expenses is so important. You will want to make sure to come up with a spreadsheet to keep track and hang on to your RECEIPTS! When I do my spreadsheets, I have one spreadsheet for: revenue (income), expenses (utilities, paper products, office supplies), and food expense. You defiantly can do it however you…