There are many factors that will influence the start up costs of a new daycare business and depending on the scope of your plans you could be facing anything ranging from $1000 up to a couple of hundred thousand dollars to get your child care center started successfully.

In this article we have a look at some of the major startup costs that you will have to consider if you start up your own daycare center.

1) Business Premise – The main concern when it comes to startup costs is whether you start a daycare from your home or rent a commercial space. It is possible to run an extremely productive business from home although you will be giving up large parts of your family’s living space. There are also redecorating expenses associated with turning part of your home into a daycare environment that is child friendly.

2) Licensing, Safety Considerations and Compliance Expenses – Fire safety equipment such as extinguishers and fire alarms must be installed, other safety equipment must be purchased and the daycare area must be fenced to keep children within a safe playing area. A business license and other relevant permits must also be figured into initial costs.

3) Equipment for your Daycare – You will have to buy childrens toys, games, an outdoor playground and art supplies to name just a few things. Having a good idea of your schedules and the age group that you are targeting is the key for working out your requirements. When purchasing equipment always buy items of the best quality as kids often wear things out quickly.

4) Daycare Administration – Set one room aside for an office or have an open office and reception area. Look into the costs associated with managing a small office such as PC set up and ADSL connection, phone line installation and initial stationery purchases.

5) Ongoing Expenses – Some daycare business plans also list operating costs for the first two or three months of business when they calculate startup costs. This is sensible as it may be several months before the business has revenue coming in.

6) Business Launch – Expenses involved with marketing your daycare will include logo design and other branding expenses, advertising expenses, and costs associated with hosting an opening party.

It is important to show some restraint as you set up your home daycare business and to prevent set up costs from getting completely out of control. But at the same time you need to have spent enough by opening day that your premises are looking fully organized and professional with a set up that attracts families to your services. Sensible budgeting for your daycare business startup costs will go a long way to determining your level of success in the first few months of your business life.

For our next article – What to Consider when Starting a Daycare visit – How to Set up a Daycare Center

categories: start,daycare,business,home,costs,expenses,budget,child,care,center,service,set up,startup,entrepreneur

© 2009 ArticleWriters.net All Rights Reserved.