Work From Home: How to Start a Home Daycare Business
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Work From Home: How to Start a Home Daycare Business

Learn what it takes to start and operate a home daycare business!
4.5 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
31 students enrolled
Created by Bracy ,MBA
Last updated 1/2014
English
Current price: $10 Original price: $45 Discount: 78% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Learn how to set up your business legally and physically
  • Learn how to maintain compliance with regulatory agencies
  • Establish processes and procedures for efficient operations
  • Learn how to keep track of income and expenses
  • Have access to resources every childcare provider should use
View Curriculum
Requirements
  • Adobe, Microsoft Word are needed. No other prerequisites required.
Description

In this course, LaDonna will teach you how to start and operate a home daycare business. You will learn how to set up your business, market your services, track your finances, and operate efficiently. You will have access to tools and resources every childcare provider needs. If you have a love for children and are looking for a way to work from home, the childcare business is for you!

Who is the target audience?
  • People who love children and would like to work from home
  • Those that are thinking about starting a daycare business, but don't know how
  • Those who already operate a home daycare business, but need help with infrastructure
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Curriculum For This Course
29 Lectures
02:14:38
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Welcome!
1 Lecture 02:06

If you love children and you're looking for a way to earn money by working from home, learn how to set up and operate a home daycare business! You'll learn:

  • How to set up a daycare business
  • How to maintain compliance with regulatory agencies
  • How to keep track of income and expenses
  • How to access resources
  • How to set your business apart from the competition
  • How to navigate the licensing process

Operating a childcare business can be a rewarding experience. LaDonna will show you how to set your business up for success!

Preview 02:06
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Self Assessment
3 Lectures 11:42

In this lecture discuss some things to consider before starting a daycare business. We'll talk about childcare experience, business experience, and family support.

Is Childcare Right for You?
08:02

Types of Childcare Providers
03:40

Use the Childcare Assessment Checklist to assess your readiness for the childcare business.

Assessment Checklist
6 pages
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The Licensing Process
2 Lectures 17:13

Some daycare providers choose to forego the licensing process. These providers are known as "license-exempt" and they can only care for a limited amount of children at time. This is a personal choice. You know what will work for you. In this section, learn the pros and cons to having a childcare license and not having one.

To License or Not to License
10:57

The Daycare Licensing Checklist will help to guide you through the licensing process. Keep in mind that the process may be different in each state. Check with your local Childcare Licensing agency to determine the process you will actually have to follow.

What to Expect During the Licensing Process
06:16
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Competitive Advantage
3 Lectures 13:34
Research the Market
04:12

The SWOT Analysis will help you identify the strengths, weaknesses, opportunities, and threats for your business as well as for your competitors. Using a SWOT Analysis is a great way to determine what your competitive advantage will be. Use the SWOT Analysis to compare your business to your competitors and figure out what you can offer to make your business stand out in the crowd.

Perform a SWOT Analysis
09:22

Learn how to identify Unique Selling Points or USPs for your daycare and use them to brand your business.

Unique Selling Points/ Branding
3 pages
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Set Up Your Daycare Business
1 Lecture 08:46

Your daycare business will be set up legally and physically. Use the Set Up Your Daycare handout as a guide to get your house in order.

Get Your House in Order
08:46
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Operations
7 Lectures 29:29

Policies and procedures are the infrastructure of your business. Having these in place will help you operate in an efficient manner and maintain compliance with regulatory agencies. All policies and procedures should be in alignment with daycare licensing standards.

Policies and Procedures
01:47

I've included a copy of the Parent Handbook I used in my daycare business. The handbook included a mission statement, daycare schedule, scheduled closings/holidays, policies, and a contract. You can use it as a guide to craft your own handbook. Be sure to check with your local Childcare Resource and Referral agency for guidance. Also check your daycare licensing standards, as a handbook may be required.

Parent Handbook
09:04

This lecture teaches you how to set your tuition prices. There are various methods to use. The most important thing to remember is to set your prices in a way that covers your fixed expenses and your salary. You may have to make some adjustments periodically, but never "low-ball" yourself. Doing that will train people to undervalue what you do.

What Should You Charge?
01:56

Next to the licensing standards, the contract will be the most important document in your daycare business. It is a written agreement between you and parents that gives details as to the service you agree to provide and what parents agree to pay. Refer to Lecture 11 for an example of a service contract that is included in the Parent Handbook.

The Service Contract
00:55

I've included a job description that I used for staff in my daycare. When your business grows to a point in which you need to hire staff, be sure to review the job description with them. Your staff are an extension of you. It's important to ensure that they follow your example of leadership. You can customize this job description according to your daycare business needs. Include the sentence "Other duties as assigned" to cover anything that is related that you may have forgotten to list.

Hiring Staff
03:32

The United States Department of Agriculture administers the Child and Adult Care Food Program. This program reimburses childcare providers for the nutritious meals that are served in their programs. One major requirement of the program is that only licensed providers can participate.

Food Program Enrollment
06:02

As a childcare provider, you will be required to interact with several regulatory agencies. You will be audited or inspected periodically. Learn how you can ensure that your daycare business is in compliance with agency standards.

Best Practices
06:13
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Sales and Marketing
2 Lectures 10:42

You can have the best daycare program in the country, but if no one knows about you, the business will not be successful! Learn how to attract clients.

Tell Them Who You Are and Why They Need You
06:20

In this lecture, we'll discuss ways to turn prospects into paying clients. Learn how to interview potential clients and close the deal.

Close the Deal
04:22
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Daycare Finances
4 Lectures 15:47

In this lecture, I give a realistic picture of what you will need to start your daycare business and how much it could cost. Use this section to develop a start up budget for the business.

Start Up Costs
03:48

In this lecture, we discuss what you could potentially earn as a daycare provider. Keep in mind that you may not always be at full capacity. Client's life situations change all the time. You should have an idea of what you can potentially make and have a plan to reach full capacity as much as possible.

As a side note: ALWAYS SAVE MONEY. You never know when situation will change ...and they will change. You want to establish a cushion that will carry you in the slower times.

Preview 04:13

Keeping up with the money you earn and spend will be a key part of your business. I know you love the kids, but this is a business! Using a profit and loss statement will help you to understand how money is flowing through your business. It will also help you make adjustments, as needed.

Preview 01:40

In case you're wondering... yes, the title is my homage to the television show "Breaking Bad". Get to know what it takes to operate your business. How will you know if you are operating at a loss? How will you know if you are truly making a profit? Discovering your breakeven point and "sweat factor" will bring clarity and help you make business decisions.

Preview 06:06
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Professional Development
2 Lectures 03:39

In this lecture, we discuss the importance of professional development and where you can find these opportunities.

Continuing Education
02:32

Mentorship is important in any career. Learn the benefits of having a business mentor. As stated in the introduction, I will definitely help to mentor you through this process.

Mentorship
01:07
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Work/Home Balance
2 Lectures 06:32

Operating a business from your home presents a unique set of opportunities and challenges. In this section, we'll discuss ways to present your self as a professional and support your family.

Separation of Home and Business
04:45

In this lecture, I'll share some tips I've learned along the way that helped me to maintain my sanity!

Tips for Success
01:47
2 More Sections
About the Instructor
Bracy ,MBA
4.5 Average rating
3 Reviews
31 Students
1 Course
CEO Lake Park Consulting

LaDonna Bracy teaches low-income individuals how to reinvent themselves by starting a business. LaDonna has earned a Bachelor of Science degree from Western Illinois University and a Master of Business Administration degree from the University of Phoenix.She owned and operated a home daycare business and taught others to do the same.</span> </p> </p>

LaDonna contributes articles as the Chicago Childcare Examiner for Examiner.com. LaDonna has over 10 years of experience in helping low-income individuals develop plans to achieve goals and objectives.LaDonna continues to teach others as an online instructor, author, speaker, and through her popular blog “ The Legacy Builders”.She is a member of the National Association of Professional Women.<?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /> </span> </p> </p>