The number one requirement of having a home child care business is the love for children. Providing care for children of working parents is very fulfilling, both from the emotional and business points of view. This kind of business though entails a lot of work and responsibilities.
Home child care business therefore is not for the faint-hearted. It will require much courage and dedication to start this kind of home-based business. So a careful and thorough evaluation of the pros and cons of this kind of business must be undertaken before any one takes the plunge. The following areas must be considered:
• The Children – If you love children, then this business is for you. You will be able to be with and around children the whole day – enjoying their laughter, their antics, and their little cries of discomfort. On the other hand, kids are infinitely challenging. They can test your patience, trigger your anger and frustrations, and sometimes totally ruin your day.
• Convenience – You don’t have to go to the office or a far-away place to work. They come to you. Start-up cost will be minimized if you have kids of your own because they already have an abundance of toys in your home. Children food are already present in your home so you will need to purchase only a little extra. On the other side of the equation, having additional children in your house will pretty mess up your home. You will be confronted with the day to day problem of stained carpet, mess all over, broken toys. You can say goodbye to your dream of a spotlessly clean home once you take in additional children to care.
• Job Security – There will never be a shortage of children requiring good care as long as parents keep working. The demand for child care giver is always high. But it is not always like that because of the financial crunch fell all over the world. You might be caring for a number of children today but when their parents lose their work tomorrow, they will be definitely pulled out from your care. Nothing is certain in this time of recesses ion.
• Income - Day care does not come cheap if parents are in search of quality care, thus making the income potential huge. Taking in a good number of children in your care will make a good source of income. But as mentioned under job security, tight finances may force parents to pull out their children from your come. This will readily translate into lost or diminished income. In addition, parents usually take care of their children when they get sick and you will not be paid when you do not actually care of them.
• Work Flexibility - You can decide how many hours you want to work. You may opt to care for children the whole day or in the morning or afternoon only. Your schedule is your call. But you may not always find parents who will entrust their children to you on your desired schedule. You may be forced to compromise on your schedule.
• Government regulations – You will find a lot of tax deductions or write-offs when you run your day care center. On the other hand, the government has a myriad of requirements for you to comply with. There will be a number of permits and licenses which you have to apply for. There will be number of reports and paper work that you have to accomplish and submit.
After having gone through all of the above-mentioned, it will be up to you to decide whether a home-based child care center is for you. It is your call.
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