The business of child care can be extremely lucrative. However, starting a daycare business can be overwhelming. Managing staff, finances, supplies, marketing, planning, policies, and many of the business aspects of a childcare center can be a huge task. Fortunately there is a wealth of information on the internet and daycare business guide books that can help guide. Books for licensed daycare providers are helpful because they support and explain business elements needed to run a child care center as a financially stable enterprise.
Consider the following resources when starting your home daycare business:
How to Start a Home-Based Day-Care Business by Sherri Steelsmith [Globe Pequot, 2006] For guidance with both the business and educational aspects of starting a home based or family daycare center, consider this guide by Steelsmith. The book contains the necessary basics to get your business up and running. Topics such as creating policies and procedures, activities for young children, interviewing parents, helping children, discipline and guidance. There are also worksheets and templates to help you take a personal inventory and determine profitability. There are also sample menus and examples of daycare forms.
Family Child Care Contracts and Policies: How to Be Businesslike in a Caring Profession by Tom Copeland JD [Redleaf Press, 2006]. For those home daycare business owners that are struggling with contracts and policies, Copeland offers loads of information in this area. The text helps you create contracts and policies with both your business and your clients in mind and indicates how to enforce them. There are also sample contracts for creating a sample policy handbook. Also includes a handy CD-ROM.
How to Open and Operate a Financially Successful Child Care Service by Tina Musial [Atlantic Publishing Company, 2007]. Musial provides a great manual to help daycare providers become successful in the highly profitable business of child care. The guide explains start up costs and financing, federal and state requirements, how to promote and market your daycare business, how to set goals and objectives, how to create policies, how to manage financial operations, food management, and health and safety issues. This book also contains a business plan and a business forms on CD ROM.
The Business of Child Care: Management and Financial Strategies by Gail Jack, Mary Arnold and Karen Levine [Delmar Cengage Learning, 2004]. This excellent guide covers effective management skills, dealing with enrollment and staffing, establishing tuition fees, budgeting and financial record keeping, and evaluating staff performance. The included CD ROM includes financial spreadsheets and fully customizable templates.
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