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Planning on opening a daycare center!

waggy

waggy

No Lifer
Ok my wife is getting tired of her job. She has been trying to talk me into letting her open a daycare center.

She would run it and all i would do is the paperwork and make sure bills get paid.

But she heard that there are a LOT of opportunities for women to get loans and grants. I have done a little research and the only places i found seem like scams. They want us to send them like $2k and they will send us a list of the loans and grants.

She has done some talking with people and we she has found 3 people willing to help (her mother who has a degree in child care and 2 friends that have enough college experience). Not to mention we have had plenty of people asking how much we would charge. Already got 8 kids (full time) that would join as soon as we opened.


We Have already started the application (need to be certified with DCFS) process. But i just feel like i am missing something.

i remember one person opening one. heh so any help would be appreciated!
 
Talk to DHS. You have to get certified I believe and all that, but I'm sure that someone who works with htat area a lot could lead you in the right direction in terms of other benefits and such that the job has to offer.
 
Check with the small business association. I am trying to get my wife into something like this as well so if you would like to ashare your overall experience that would be great. We live in a rapidly expanding town is in desperate need of more daycare centers.
 
Originally posted by: Hoober
Insurance?
Click to expand...

already got that covored. $189 a month for covarage. blah

we mainly wonder about grants and loans.

I had my own business a few years ago but i didnt take any loans or such. I was able to open wiht money i had in the bank.


 
Originally posted by: rudder
Check with the small business association. I am trying to get my wife into something like this as well so if you would like to ashare your overall experience that would be great. We live in a rapidly expanding town is in desperate need of more daycare centers.
Click to expand...

yeap same here. Its a small town but growing fast and there are NO real daycar centers. just home daycare places.

We have only told a few people that we are even thinking of doing this and we are already getting calls to have there children put in. We already know we can have a max of 20 kids (unless we want to hire someone to help). We have 8 that have agreed to come fulltime. i dont think getting the other 12 is going to be much of a problem if we advertise.
 
bump for more inputs, my mom is interested in opening her own daycare as well but it probably wont be for another 5 yrs.
 
Good luck with that. Wasn't it DonVito's wife who opened a day care? I can't remember for sure.

Edit: Ah, as usual, RossMAN knows all. 😀
 
3 questions:

Which state?

What do you want to know exactly?

Where the hell did you find insurance at 189/month? I'm paying over 6K/year for property, casualty, vehicle and child coverage.
 
Originally posted by: CPA
3 questions:

Which state?

What do you want to know exactly?

Where the hell did you find insurance at 189/month? I'm paying over 6K/year for property, casualty, vehicle and child coverage.
Click to expand...

the state of lunacy. heh

norhtern IL. we been in contact in contact with DCFS wich licens's daycare's in IL. WE got a pack of stuff we need to do and what paperwook we need to fill out (that alone is going to take a few months).


I guess wha ti want to know is about grants. what grants are there for a women to start a business etc. How much to pay. The director of the place has to have a college degree, Teachers have to have 40credit hours of colleg and then we can hire helpers.

Well Thats just for the children and child coverage (at least from what i could understand) I guess i need to call back and make sure how much for everything. I dont think we need vehicles and the property is not that expensive.

heh heck i dont even know where to start to get the business license and financing! i didnt have to do any of this when i started my computer store (well financing or gratns etc).
 
If you haven't already, you MUST go rent Daddy Day Care. It's a hilarious Eddie Murphy movie about opening a Day Care Center.
 
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