My wife is starting her own home daycare Monday for many of the reasons you listed. Almost a decade at a YMCA run Montessori, ~18/hr.
And the poor kids! The caregivers are all burnt out by terrible management and shit pay, have no motivation to provide anything beyond the necessities, and God bless them, at least a few spend their own money on supplies to at least try and enrich the time the kids spend there.
I’m really proud of her, taking a huge step into somewhat unknown water. I know the kids she cares for are going to get so much more value from her, here in her space, on her terms, than they ever would have at the center.
That sounds daunting but also incredibly noble of her. Prayers and well wishes to both you and your wife, especially in the early days of this endeavor!
I love hearing about when someone sees a need they can fill in their community and they’re passionate about solving it. That’s so awesome. :)
My wife is starting her own home daycare Monday for many of the reasons you listed. Almost a decade at a YMCA run Montessori, ~18/hr.
good luck. the regulatory hurdles are not fun, but regulations are written in blood. they don’t go to the trouble of setting regs unless someone had been seriously harmed.
If you want to keep her employees (if she has any) happy, don’t push the limits of the caregiver:child ratios. I’m not sure what [the amount of money you want to have saved up so your business doesn’t fail] in early childhood education is, but a good rule of thumb is start with 2 years worth of expenses saved as most businesses take at least that long to break even. Restaurants, 5 years.
[BOILERPLATE CYA WARNING]
i did accounting for 25 years and virtually all of my clients were small businesses and their owners, so while this is arguably professional advice, it is not tailored to your specific situation. it is general advice and not intended for you to rely on. if you want advice tailored to you and your situation that is intended for you to rely on, hire an accounting consultant.
My wife is starting her own home daycare Monday for many of the reasons you listed. Almost a decade at a YMCA run Montessori, ~18/hr.
And the poor kids! The caregivers are all burnt out by terrible management and shit pay, have no motivation to provide anything beyond the necessities, and God bless them, at least a few spend their own money on supplies to at least try and enrich the time the kids spend there.
I’m really proud of her, taking a huge step into somewhat unknown water. I know the kids she cares for are going to get so much more value from her, here in her space, on her terms, than they ever would have at the center.
That sounds daunting but also incredibly noble of her. Prayers and well wishes to both you and your wife, especially in the early days of this endeavor!
I love hearing about when someone sees a need they can fill in their community and they’re passionate about solving it. That’s so awesome. :)
good luck. the regulatory hurdles are not fun, but regulations are written in blood. they don’t go to the trouble of setting regs unless someone had been seriously harmed.
If you want to keep her employees (if she has any) happy, don’t push the limits of the caregiver:child ratios. I’m not sure what [the amount of money you want to have saved up so your business doesn’t fail] in early childhood education is, but a good rule of thumb is start with 2 years worth of expenses saved as most businesses take at least that long to break even. Restaurants, 5 years.
[BOILERPLATE CYA WARNING]
i did accounting for 25 years and virtually all of my clients were small businesses and their owners, so while this is arguably professional advice, it is not tailored to your specific situation. it is general advice and not intended for you to rely on. if you want advice tailored to you and your situation that is intended for you to rely on, hire an accounting consultant.