How to Make Money at Home With Daycare
Daycare facilities offer valuable services to families when parents must work or are otherwise unable to care for their children. Only those who love children and are able to provide quality care should consider opening daycare businesses. Running a daycare out of your home can save on overhead costs, and if you have children of your own, you can be home with them and still earn extra money.
Other People Are Reading
Instructions
-
Instructions
-
1
Consider the age of the children for whom you will care. The needs of infants are vastly different from those of preschoolers. If you live in a small apartment or a house without a yard, it might be best to care for babies because they will not need a place to play outdoors. If you are a good tutor, you can provide afterschool care for older children and offer homework help. You will need a great deal of stamina to keep up with toddlers and preschoolers. You must also teach them some basic school-readiness skills.
-
2
Check out your state and community regulations regarding childcare. If you care for just a few children, you may be exempt from obtaining a license, but you may still need to register. Each state and community has specific regulations concerning the number of children you are allowed to care for in your home, as well as the training you must have. Even if it is not required by law, you should be certified in CPR and first aid.
-
-
3
Set up your home. The children will need places to sleep, eat, play and go to the bathroom. They will need toys to play with and books to read. If you will be caring for infants, you will need cribs and high chairs. Buy used equipment to save money. Childproof your home by installing guards on electrical outlets and putting all dangerous substances out of reach. Save your receipts for any equipment you purchase, as these items will be tax deductable.
-
4
Determine your fee by calling local daycares and comparing rates. The price of childcare varies widely by region, so be sure to find the going rate. Subtract the expenses you will incur from running the daycare and be sure that you will make a profit. Make flyers with tear-off strips displaying your contact information and post them at schools, grocery stores, libraries and community centers. Give flyers to friends and family and ask them to pass along your name to anyone who might need childcare.
-
5
Make a list of rules and regulations to which parents must abide. Determine your policy on issues such as pay for missed days, vacations, cancellations and late pick-ups, as well as who will provide food, diapers and other necessities. Draw up a contract and have the parents sign it, stating that they understand and accept your policies.
-
1
