Do you want to stay home with your young child and earn a living at the same time? Are you tired of commuting every day and having to juggle working outside the home with family responsibilities? Do you love working with kids? If so, opening a daycare at home is a business that may be just right for you. Here are seven top reasons why opening a daycare at home is a smart idea:
1. Convenience
A home-based daycare is convenient for so many reasons. First, you can earn money while staying at home with your kids. Next, since there’s no commute, there’s no need to spend time driving to an office and getting stuck in traffic everyday. Also, you get to choose whether to care for infants, toddlers, or kids in elementary school. Finally, you get to be your own boss, set your hours, and be in charge of your destiny instead of answering to someone else.
2. Enjoyment
Opening a daycare at home can be fun because you get to work with young kids all day. You’ll get to be in charge of arts and crafts, story time, playtime outdoors and many other fun early childhood activities that are an integral part of a daycare routine.
3. Getting to see your kids before they grow up
Let’s face it. Working outside the home comes at a steep price – missing out on lots of your own kids’ precious moments. If you stay at home with your children during their early years, you get to witness their first steps and words and savor lots of precious memories. Not only that, but you get to raise your children as you see fit.
4. Earnings potential
This isn’t a gift-basket home business, which gets eaten once and forgotten. A home daycare is an essential and always in-demand service. National statistics show that many families really need daycare. In two parent households, both parents work and most need childcare services. In states like New Jersey, parents pay on average over $7,000 per year for their toddler to attend a daycare. This means that to make enough money for your needs, you may need to care for only a few children.
5. Low cost home business
Unless you’re renting out a place outside of the home or investing in major home renovations and tons of new toys and furniture, opening a daycare shouldn’t cost too much. In many cases, new daycare owners manage to start with under $1000. There are plenty of creative ways to minimize and finance the initial costs, so don’t let these numbers get in your way.
6. Save money
By working from home, you save on thousands of dollars per year on daycare fees for your own kids. Also, by opening a daycare at home, you save money on commuting and work expenses, such as gas and a fancy wardrobe, which also add up over time.
7. Quick start
Unlike other businesses, it’s possible to open a home daycare within weeks. There are some state requirements to fulfill before opening your doors, but these shouldn’t take you too long to do.
Overall, opening a home daycare is an affordable, fast, and quality option for new moms who want to stay at home and earn money. Of course, there are some bureaucratic procedures to go through and pitfalls to watch out for in this line of work.
To learn more about what’s involved, check out the complete Starting a Daycare Center system.
