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.
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.