Run a Daycare in Your Home or Rent a Place?

One of the most common questions I get from people who are thinking about starting a daycare is whether or not to do it in their home or to rent a place.

Well, the first question is whether your home is big enough and can you spare the space? If so, this can save you a lot of money on rent. Of course, your home needs to meet fire department criteria and be otherwise suitable to have a daycare in it for this to work (if you live on the 3rd floor in a building without an elevator, this won't work), but if it does, it can be a major advantage.

Another good thing about having a daycare in your home is the time you save on commuting. It gives you more time to be with your own family and leaves you with more free time during each day.

But, starting a daycare center in your home has one limitation: you're limiting yourself to the size you can spare. Most homes will not be able to accomodate many children, so this is something that you need to decide upon: how many kids do you want to have in your day care? Will the space you can allocate for your business be enough? If not, will renting a place and having more kids mean more profit for you?

Of course, you can always decide to rent a place later after you've been in business for a while. So, this is not a life or death decision.

Having a daycare in your home will mean that your personal life and business are less separated than other people's. This is something which some people love and others hate. Make sure that your home is separated from your business as much as possible. We all need our home to be our private sanctuary. That being said, don't wait on this decision for too long. It is changeable. Just decide on a place and get moving on opening your day care center

Is a Daycare a Good Business For the Recession

The economy is scary, there is no doubt about that. Whenever you turn the news, no matter which channel, the financial news seems dismal as hell.

This makes a lot of people bury their heads in the sand and wait for the storm to clear. Forget about starting a business, they just want to keep their job.

But if it's your dream to open a daycare and run it profitably? Is this a bad time for it?

The answer, in my mind, is a resounding NO!

This is a great time to open a daycare. Here's why:

- People still have kids and they still have jobs. They need someplace to leave the kids during the day. It's the same as it has always been.

- People are looking for bargains. They want to pay a lower price for anything. This allows you, the small daycare owner, to put up a real fight to the massive daycares which charge through the nose

- You can rent places for cheap and buy supplies for cheap. Everyone is lowering prices. Why not take advantage of it?

- Build now and you'll be ready when the economy rebounds.

If it's your wish to open a daycare, don't wait a second. Begin working on it today with passion and determination. If you do that, you will succeed.