| There are many factors that will influence the start up | | | | 4) Business Administration - Set one room aside for an |
| costs of a new daycare business. Depending on the | | | | office or have an open office and reception area. |
| scope of your plans you could be up against anything | | | | Look into the costs associated with running a small |
| from a $1000 up to a couple of hundred thousand | | | | office such as PC set up and Internet connection, |
| dollars to get your child care center up and running. | | | | phone line installation and initial stationery purchases. |
| In this article we set out some of the start up costs | | | | 5) Miscellaneous Expenses - Don't forget to include a |
| that you would expect to come across as you | | | | generous allowance for unforeseen expenses that |
| proceed to open your own business. | | | | may arise. Some entrepreneurs also include an |
| 1) Premises - You would require a considerable sum of | | | | allowance for operating costs in their start up costs for |
| cash to get your daycare into leased commercial | | | | the first few months of the businesses life. The |
| premises. The costs associated with a home daycare | | | | business most likely won't be making a profit during the |
| are much less but don't forget that you will be giving up | | | | first few months so you must know exactly what sum |
| part of your family's living space to the business. This | | | | of money you need to tide you over until the business |
| cost cannot be easily measured. Home daycare | | | | is providing decent revenue. |
| businesses also have set up expenses though and | | | | 6) Business Marketing - You will be facing initial |
| you will need to consider the cost of refurbishing your | | | | advertising expenses as you get word out about your |
| home. | | | | business. You may need to start advertising months |
| 2) Safety Standards and Licensing - Check with the | | | | before you actually open your doors so that you have |
| authorities in your city to make sure that you know | | | | some children attending when you first open your |
| about all the regulations that you need to be aware of | | | | doors for business. |
| to run a business from your home, and to run a | | | | It is important that you get close to an accurate figure |
| daycare specifically. | | | | for your total anticipated start up costs for your |
| 3) Other things to Buy - To get your daycare ready to | | | | daycare. Having accurate information will help you |
| receive children on a daily basis you will have to turn it | | | | immensely when it comes to planning your daycare, |
| into a place that is friendly and welcoming to children | | | | knowing what you are capable of and what limitations |
| and parents alike. Set out a budget for buying furniture, | | | | you have when it comes to your budget. |
| decorations, toys and other educational supplies. | | | | |