Looking to Start a Childcare Business? Heres Where to Start
When beginning the search for some great jobs, many people don’t consider childcare as a valuable option. This is an incredibly elusive and lucrative sector, with Zippia explaining that around 58% of working parents rely on care centers to look after their children, which equals out to 6.38 million parents across the US. As such, if you’re eager to set up a booming business of your own, you could also benefit from working in the childcare industry. To discuss this matter further, this article will list a variety of tips and tricks to help you find success in this new business venture.
Discovering 9 Effective Strategies for Achieving Success in the Childcare Sector
1. Find a Location
Location is a key factor for success for any small business, but this aspect is particularly crucial for those looking to enter the childcare market. Your childcare daycare center should be based in an accessible area, so that parents can drop their children off at you before making their way to work or back home. Therefore, there’s no point finding a location in the middle of nowhere because chances are, your customers will not be able to justify driving such a long way. You must also be aware of the surrounding competition. Some high streets are teeming with childcare facilities, so be sure to pick a building that stands out from the crowd. This will help to make your center seem more eye-catching and appealing to potential customers. In addition, your building should also be secure, showcasing a premium selection of security systems and high fences. In turn, both you and the parents can rest assured that their little ones are safe and secure in your hands. Experts also advise that you work alongside a variety of local governments so that you can gain a plethora of information about what your desired building was used for in the past. This is important for those who will be working in a space that was previously in contact with harmful chemicals or acts of criminal violence.
2. Get Legal Advice
Working with children can be linked with a lot of legal bureaucracy, so if you’re looking to build some great jobs in your new business, it’s good practice to seek out professional legal advice as soon as possible. A business attorney typically focuses on topics that impact a company, such as taxation, employment, and transactions, making them an invaluable resource for those looking to set up their first childcare business. Not only will this lawyer help you to get your business founded, but they can also provide advice on how to implement essential child protection laws into the foundation of the business. For example, they may help you find a suitable contractor to help you build a series of suitable bathroom facilities for children. Therefore, these lawyers can ensure that your business is following all the right rules and keeping the safety of children at the forefront of everything it does. Legal Match informs us that a business attorney usually charges $150-$235 per hour, depending on the client and the experience level of the professional. Thus, although this may seem like a very costly expense, it’s a crucial asset for childcare workers looking to become key thought leaders in their respective fields.
3. Organize Your Finances
Any successful business requires a good set of finances and this is especially important if you’re looking to provide a selection of great jobs for your childcare staff. To start, it’s good practice to head down to your local commercial bank and set up a business account. This account works in a similar fashion to a current account in that it allows the customer to make and receive payments. But, the only difference is that the account must be handled solely for business purposes. Therefore, this is a great asset for those looking to manage their own payroll or handle their own outgoings each month instead of paying more money to outsource it to someone else. The cost of opening a business account varies from bank to bank, but Bonsai notes that banks usually require an opening deposit of $5-$1,000. As a result, you may be required to make some serious savings before you think about opening a special account for your childcare company. However, a business account also hosts an array of useful benefits such as a stronger sense of protection and an improved business credit score.
4. Ensure You Have The Right Facilities
Depending on the type of services you want your childcare business to offer, you may have to renovate your space in order to adhere to these needs. If you decide to offer your children breakfast each morning, you need to make sure your kitchen is up to scratch. A kitchen remodel contractor can help to completely transform your space, adding a selection of shiny new appliances as well as a range of sturdy kitchen cabinets. Thus, your workers can now store food and craft delicious meals for their pupils, making sure that they can maintain their great jobs. Home Guide notes that a standard kitchen renovation can cost anywhere between $15,000-$50,000, giving you a lot of flexibility in your budget. Not to mention, a new kitchen can also help to make your childcare center safer and more hygienic. Once you eliminate any rusty taps or broken doors, you can introduce the children to cooking without having to fret about creating any further damage to your space. A stylish kitchen is also a great asset for your staff, allowing them to prepare their lunches and their morning coffees without having to leave the premises.
5. Ensure You Have Heating and Cooling Facilities
If your students are required to stay at your daycare center for long periods of time, it’s paramount that they remain comfortable throughout the day. Adequate heating and cooling systems are vital to your children’s well-being, so you may have to research some local AC repair services to ensure that your facilities are in check. During this process, a trained contractor will assess the overall appearance and performance of your AC unit, fixing any glaring issues or providing you with an entirely new unit if necessary. If they notice any issues with your furnace, they may also supply you with some new heating oil to make sure that the children and staff can remain warm and cozy throughout the winter months. The cost of these repairs can vary depending on the extent of the damage as well as the type of model used. However, Forbes notes that business owners can expect to pay around $75-$175 in labor costs for an HVAC technician. If you require a completely new system, then the price would increase as it would be considered an additional material cost.
6. Organize Health and Safety Training
Although all children are prone to a few bumps and grazes at times, it’s still important that all of your staff are fully trained in pediatric first aid. These courses will help to educate your staff on essential safety practices such as CPR, choking assistance, and handling contact with the emergency services. According to CPR Select, a standard CPR course tends to cost around $40-$60 per person, so it’s a great asset for small groups. Alongside these resources, you may benefit from liaising with your local urgent care clinic. Although it’s unlikely that you will always get first priority if the worst were to happen, becoming familiar with their usual processes can help to make the potential transition to the hospital a lot smoother. Moreover, you should also make sure that all of your essential fire safety precautions are in place. This includes checking smoke alarms every month and monitoring the condition of your fire hydrants. If you would like to implement a more detailed safety plan, consider organizing a fire inspection. This will ensure that your vital systems such as sprinklers and smoke alarms are in working order. Digitize explains that this service normally costs around $535-$12,530, so be sure to pick the assets that would best suit your needs and budget.
7. Ensure Your Plumbing is Up to Date
Plumbing is an incredibly complex network of systems and can be an intimidating feat for everything with great jobs. Yet, if this system is not performing at its best, you could potentially face a number of alarming issues. If your childcare center is covered in damp spots or contains pipes that are making some very uncomfortable sounds, it may require an in-depth drain cleaning service. Though you could purchase a simple bottle of drain cleaner from your local hardware store, if your pipes are very clogged, you may need to recruit a professional service. During this process, a qualified contractor will use a range of specialist tools such as telescopic poles and stiff-bristled brushes to clear out your drain and keep your plumbing system in good condition. Depending on the extent of the clog, Angi states that a drain cleaning service could cost from $147 to $341, but the median average usually sits at $238. As such, this is a reasonably cost-effective way to bring your childcare center up to the best possible standard it could be.
8. Decorate Your Care Center
A childcare center should be filled with light and laughter, helping to build a unique space that allows students to thrive and prosper. Consider adding a range of adorable features such as child-sized furniture and adorable artwork to make your space seem more inviting to new pupils. If your facility is quite spacious, you may be better off hiring an interior painter to help you finish the job quicker. These contractors are trained to give your walls an even and uniform coat, making the entire space pop with vibrant colors. You could also use these professionals to help you pick out a suitable color, ensuring that you’re relying on professional resources to make the best choices for your business. Despite the benefits, this service can be quite expensive, as Fixr.com notes that these painters typically charge $5.75 to $10.70 per square foot. However, this is a great way to make your childcare center more comforting, which is useful if you are looking after a particularly nervous and shy cohort, and you’re eager to get them out of their shells.
9. Enjoy Your New Job
Although working in childcare is not to everyone’s taste, the sector offers some great jobs for those who are looking to make a difference in their local community. Since many parents struggle to cope with the demands of their jobs as well as raising their children, you have the prime opportunity to lessen this burden. In turn, you help others build successful careers, whilst also working on your own. Moreover, if you consider yourself to be quite broody, this career can be a great way to spend more time with some adorable children. As such, you’re free to foster the next generation through a series of unique practices such as play and movement. This is also a very bustling industry that showcases exponential levels of growth. Children are brought into this world every minute, meaning that you will not struggle to find an influx of businesses as you work to build your booming childcare business. Family Friendly Working also states that those working in childcare are the most satisfied with their jobs, making this an ideal career option for those looking to escape the rat race and embrace positivity.
Children are incredible beings, filled with immense levels of creativity and joy. As their parents continue to build their admirable careers, these children need a safe place to stay during the day. In turn, childcare centers are an incredibly popular resource for working individuals as they allow their children to mix with others and learn essential skills, all within the confines of a comfortable and cozy environment. So, for those looking to take a leap of faith and find some great jobs in the childcare industry, consider implementing some of the advice and guidance offered in this article.