The Tools You Need To Start That Child Care Business!

 

Owning a Childcare Business comes with many rewards. In fact, you get to make a difference in our next generation, provide parents with a safe place for their young children and build a profitable five or six figure business (you choose) for years to come!


The Business of Child Care is in Demand. According to the United States Census Bureau,  Child care options outside of the home have expanded greatly over the last several decades. In 2007, there were 766,401 child care facilities in the United States, up from 262,511 facilities in 1987. And steadily rising!
However, making the decision to start a Child Care Business  can be quite challenging if you do not have the information you need to get started.

In fact, starting up a Child Care Business involves lots of strategic planning and many decisions must be made during the start-up process.

That is why I created the Start-up Bundle Package! The Start-up Bundle package includes the following:

• 1- Hour of Personalized Start-up Coaching
• 2 Free ebooks  including (10 Steps to Starting a Child Care Business)
• Free Monthly Subscription to a Child Care Business membership Club of your Choice
• Download link to a Sample Business Plan Template
• Start-up Tips via email until your Child Care Business Opens!

Don’t Wait…Sign-up Today!

Inspiration to Believe In Yourself and Start Your Child Care Business

Your ability to believe in yourself will impact your decision to start that childcare business. Check out the audio tip below and I look forward to hearing from you soon!






With Your Success in Mind,
Shiketa Morgan

Structuring Your Child Care Business

 

One of the most important decisions that you will make in the start-up process is choosing how you will structure your childcare business. 

In fact, the way that you structure your childcare business will be a determining factor in how you will pay your taxes or if you will pay more or less taxes.

Moreover, your business structure that you choose will help to reduce your personal liability or expose you to being personally liable for business debt or even a lawsuit.

One year into owning a family home childcare business, my license specialist inspired me to change my business structure to protect my personal assets such as my home and other personal assets.

After I changed my business structure, it slightly changed the way that I filed my taxes, however I was relieved of the thought of being personally responsible in the event of a lawsuit. In fact, my name was even removed from the license and the new company name was placed on the license after I changed my business structure.

According to the Internal Revenue Services, “the most common forms of business are as follows:

• Sole proprietorship
• Partnership
• Corporation
• S corporation
• A Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.”

For more information on how to choose a business structure that is right for your Child Care Business, get your copy of the 10 Steps to Starting a Child Care Business Today!


To Your Success,
Shiketa

http://www.childcarebusinessowner.com

Get the Coaching That You Need to Start That Child Care Business in 2013!

Do you have a desire to start your Child Care Business, but don't know where to start? If so, the Child Care Business Group Start-up Coaching Sessions are For you!

The first session will be held on Friday January 4, 2013 at 7:30pm cst. You don't want to miss it!!

The Weekly coaching sessions will be held via Conference Call and Webinar for 1-hour. Also, the coaching sessions will be held for a period of 6-weeks and you will join others that have the same goal that you have...To Start a Child Care Business!

The cost is very affordable and you will have access to a Coach that has over 14 years of experience in the business of childcare!

What we will cover in our 6-week session:
 
Step 1- Is a Child Care Business the right business for you?

Step 2- Where will you start your Childcare Business?
·     
Step 3-Structuring/Insuring the Business 
·     
Step 4-Asseessing the need for childcare
·     
Step 5-Financing your business
·     
Step 6- Equipment needed for a Home Daycare
·     
Step 7- Equipment Need for a Child Care Center
·    
Step 8- Budget for your Business
·     
Step 9- Create a Business Plan-

Step 10-Take Action!
 

For attending the session, you will also get a "Free" copy of my ebook: 10 Steps to Starting a Childcare Business!




There is limited space in every session, so be sure to sign-up today! For more information or to Sign-up for Child Care Business Start-up Coaching, Click here.

See you in the next coaching session!
Shiketa Morgan
http://www.childcarebusinessowner.com

Naming Your Child Care Business

Naming your business is a very important decision. In fact, the name of your business is a reflection of your brand and will also attract parents to you childcare business.

Before you name your business, it is very important that you check to see if another childcare facility is not  using the name that you desire to have. A great place to start is with the secretary of state office in your city.

If the name is not taken, be sure to secure the name right away. You can secure the name by filing a fictitious name report. Also, if you plan on being a corporation, file your LLC paper work at the same time.

Moreover, it is also vital that you have a website for your childcare business, because many parents are browsing the internet looking for childcare. So, with this in mind, you also want to secure your domain name for your website.

For example, you may want to name your child care business; Teddy Bear Kids. So with that name in mind, log on to the internet and type www.teddybearkids.com. If that domain name is not taken, be sure to secure it right away with a web host. Website Hosting

Also, do a google search of Teddy Bear Kids. If the name is already taken, its time to choose another name.

I look forward to reading your comments about this blog post. Please do not share the name of your business until it has been secured! 

For more Child Care Business Start-up tips, be sure to download the 10 steps to staring a childcare business ebook.

To Your Success,
Shiketa Morgan
www.childcarebusinessowner.com

Need Start-up Coaching? Click Here

Resource Links:
http://www.entrepreneur.com/article/76958

Creating a Start-up Budget Is a Vital Part of Starting a Child Care Business

 

Starting a business without creating a start-up budget is like going to the grocery store without a shopping list. Have you ever noticed that when you go to the grocery store without a shopping list, that you tend to over spend or make impulsive purchases?

Well, it is vital that you avoid impulsive spending during your start-up process, because every penny counts!

Starting up a business and not having a budget is very similar to the scenario that I described above and this is why it is vital that you to create a start-up budget for that child care business.

 Moreover, having a start-up budget will provide you with an overview of how much money it will take to start that child care business.

Let's take a look at a sample budget for starting up a small child care center:
** Your start-up budget is not limited to the items listed below

Down Payment on the Building $2,000
1st month's Rent $2,000
New Sign  $1500
Classroom Equipment $8,000
Office Equipment $2,000
Used Van $5,000
Building Renovations $5,000
Marketing Materials/Open House $2,000
Playground Equipment $2,000
Kitchen Equipment $3,000
Business License fees, etc. $300

Total Start-up Cost:$32,800

*The sample budget listed above is only meant to give you an idea of what needs to be included in your start-up budget. Also, if you are expanding from a home-daycare to a center, you may not need to purchase much office equipment and and you may already have classroom materials, which will lower your classroom equipment cost.

Much Success to You!
Shiketa

If you need my assistance during the start-up process, contact me today! Be sure to follow my Child Care Business tips on twitter @ccarebusiness and @daycarestartup

Building a Healthy Self Image is Closely Related to Your Business Success!

As you work on starting-up your child care business, it is vital that you invest in your personal development. Knowing the facts about how to succeed in business is only a small piece of what you need to succeed in business.

However, building a healthy self image is the key to maintaining and building a successful childcare business.

The video below is about 60 minutes long and I suggest that you listen to the video while you work at the computer, on during your lunch break or while you relax in the evening.

Moreover, the video is loaded with great tips that will help you to take a closer look at your self image, because after all; an individual with an un-healthy self image.... just might sabotage his or her business success!

I look forward to reading your comments below about this video!
~Shiketa
Follow my Child Care Business Start-up Tips on Facebook and Twitter!