OWNING YOUR OWN BUSINESS WITH EMPHASIS ON CHILD CARE CENTERS
INTRODUCTION
This paper will discuss ways in order for you to become a business owner as well as how to start your own child care center. Owning a business is not an easy job. There is actually a very complicated and long process to become a small business owner. Before you start to think about what you want to do, you need to ask yourself if you will be committed to this venture. If you are then proceed on with your business however, if you are not then owning a business is probably not for you. With owning your own business, your going to have less personal time then you had previously. Here are some reasons people become entrepreneurs. Many people have a strong desire to be independent, they would rather be their own boss because they don’t take orders from others well. Owning a business is also a chance for owners to work at something they enjoy, they aren’t shoved behind a desk doing filing work for eight hours a day. You are free to operate at your own paces with your own business. Depending on the type of business you own, you have a great opportunity to accumulate great wealth.
Purpose and Scope
The purpose of this report is to inform readers of the options available to people who want to own their own business. There is also a growing need for child care. So with this need more and more people are deciding to open up child care centers. In this report I will lay out steps in how to start your own business, and what to do from there. Also, pros and cons to owning your own business.
Sources and Methods
In order to give the information needed to start your own business, I have searched many journals as well as business related books. Internet sources have also help get information. I have also conducted an interview with an owner of a child care center.
GETTING STARTED
Choosing what kind of business to open is the most important decision to make. Just because you like to make bracelets doesn’t mean you would like running a business making bracelets. You need to think about how much money you want to make, past experiences, attitudes on the business you choose, and your going to need a knowledge and some skills with the choice you make. Pros and Cons
With everything else in life there can be advantages and disadvantages to owning a business. There are many...
... middle of paper ...
...a business to run, consider child care. Child care is a growing need. More mothers are going back to work after having children. The children need structure during the hours their parents are away. Those who are too young for school can find a childcare center warm and inviting. Most childcare centers will provide a curriculum that will help your children learn. The people who open and run daycare centers are doing so for a reason. That reason is because they love children.
So in conclusion, if your job is going nowhere and you need to start over, consider starting your own business. Also if you like kids and can deal with them properly, consider opening a childcare center.
Works Sited
Burstiner, Irving. “The Small Business Handbook.” Third Edition. FIRESIDE Rockefeller Center. New York, NY 1997
Gallagher, Patricia. C. “Start Your Own Child Care Business” Second Edition. Young Sparrow Press, Worcester, PA 2000
McKeever, Mike. “How to Write a Business Plan” Sixth Edition. September 2002.
WWW.Startingadaycarecenter.com “Starting a Day Care Center” 2003
WWW.Onlinewbc.gov “Online Women’s Business Center” 2004
WWW.SBA.gov “Owning Your Own Business (Pros and Cons)” 2003
The work that I have done to give you the budget for this assignment has been so much information that a whole semester could be done just on Early Childcare start-up budgets. Mt reference list is enormous and I had to make myself stop looking up information so I could complete my assignment. The first step for my budget was from our text and class website discussions and links. Each link lead to another and another and so much information from cleaning regulations to how to do you taxes. To start a Childcare program there are many steps besides your level of education that you need to contemplate.
Care, N. R. (2002). Licensing and Public Regulation of Early Childhood Programs. Retrieved May 17, 2010, from uchsc.edu: http://nrc.uchsc.edu/CFOC/HTMLVersion/Appendix_AA.html
The childcare industry has variables including childcare by a family member, a traditional caregiver or a day care center. It depends on a family’s situation as to which one benefits them most. The two types of childcare to be discussed are the traditional caregiver and a day care center. Parents must decide whether they want a one-on-one or a group setting for the care of their children.
Child care is a rewarding and yet demanding career. These demands come from an abundance of sources: consistent changes to rules and regulations, requests from parents, and the forever evolving needs of a child in your care. Not only should these demands help solidify you as a growing early childhood professional, there are also plenty of other demands that can significantly affect your career choice. These include educational levels, levels of hands-on training, personal interests, family obligations, values, abilities, and your individual professional priorities.
Stiengold, D. M. (n.d.). Starting a Child Care Business in California. Nolo.com. Retrieved February 9, 2014, from http://www.nolo.com/legal-encyclopedia/starting-child-care-business-california.html
nursery-school movement began in the 19th century with the growth of the factory system. Mothers were often at work long hours at a time while younger children were left neglected. They were established so those mothers could leave their children in a safe place while they worked. Preschool is an option, but because of the state of the economy, it has forced both of the parents to seek full-time employment, they have no choice. With many children living in a single parent families, the custodial parent may have to work to support the family. Parents who are professionals and want to stay in position as well as raise a family need child care while they are at work (Kranyik 91).
Also the Forbes magazine published an article in June’s 2014 edition were they reported that according to The US Bureau of Labor Statistics projects that day care businesses will have some of the fastest employment growth of all industries through 2020, and also, according to data from Sageworks, child day care businesses in the US have consistently grown sales in recent years, even as many other industries struggled in the economic recession and subsequent recovery.
Are you a mom torn in between staying at home with your kids or going into a fulltime career to earn some income for your family? Running a daycare is one of the most amazing ways that can allow you to combine the best of both worlds. Contrary to what people think, a daycare is one of the simplest businesses to run. It does not need any high priced equipment or a college degree. All you need to have is the passion for the little ones and a strong will to see the business a success. The following are steps that will help you run a profitable and successful day care center.
Have a business plan! If you are just starting out becoming a babysitter you need a plan. Planning starts before you even accept a job offer. First off, you have to have somebody to babysit. Once you find possible clients you have to learn their ways.
Being the oldest of four, looking after children is something that has always come naturally to me. By age six I was diapering siblings, by twelve I was earning money to watch the neighborhood kids while their parents went out and at the weekly neighborhood meetings. I have since moved forward from causally babysitting in hopes of obtaining a career in childcare as a fully certified early childhood Educator. I currently work casually in two in home licensed daycares where I have accumulated appoximately 150 hours of experience, and in a full daycare and preschool facility where I have worked approximately 60 hours.
There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages.
Starting your own business can be exciting and it can become a well- rewarded experience. Being your own business includes great benefits, create your
find it difficult to set up a business and make it a success. This is
When it comes to business, especially when it comes to starting one, I tend to think I know it all. Yet in reality, I don't really even know how to get started, enough to make a business efficient, or even get the doors open enough to make the first dollar. When I first think of working/operating a business, I think of no boss but myself, the rules are made by me and no one else, and that seems like a great plan in my eyes. As well as having all company profit coming directly to me, and I get to decide what happens with it. Although I know there is more to it than that, there is forming a budget, working with customers, knowing when to expand, and when to coast through. I also know that in the world of business, that if you aren't moving ahead, you are moving backwards.
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.