Your reasons for starting a child care business affect the type of child care business you choose.
- You have a passion for helping young children and their parents.
- You enjoy the independence and responsibility of being your own boss.
- You have the time, knowledge, skills and motivation to make a small business succeed.
- You have the time to learn the skills you need or you are willing to hire people to provide the skills you lack.
- You are comfortable with the financial risk involved until your business gets established.
- The income from a child care business can help support your family.
- You can save on your own child care costs.
- You can be home with and care for your own children.
Help for parents
- You can help parents support their families by making more child care available.
- Parents need to know that their children are in a safe, healthy and learning environment. A quality child care program offers peace of mind to parents so they can focus on their work.
- If your child care program offers flexible hours, you can support parents who have nontraditional work schedules.
- If your child care program cares for mildly ill children or children with chronic health issues, parents can know their child is in good care while they are at work.
- You help local businesses by supporting workers who need child care.
- Your small business supports the local economy by making purchases, buying services, paying taxes and paying salaries.
- Your community may be lacking certain types of child care, such as care for infants and toddlers, school-age children, mildly ill children, or children with special needs.
Are You Ready to Start a Child Care Business? - Assess Your Strengths and Weaknesses as a Potential Business Owner
By First Children's Finance