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re: Starting a small business
Posted on 6/6/16 at 8:13 am to stout
Posted on 6/6/16 at 8:13 am to stout
quote:
If you think pennies, you get pennies.
I know. What we had originally wanted to do was open a daycare center. We had picked out a location that we know of that doesn't have a daycare and has a lot of large employers nearby so the market would be good.
But then when we started looking at insurance, licensing, etc., we realized the start-up costs would be significantly more than we can risk.
Then my sister thought about keeping a couple of kids in-house to get us off the ground, but it would take so long to save up for our initial investment, that we thought a small business may jump-start us to reach our long-term goal.
But these small business ideas seem too small. We will keep searching, may explore the CPR class idea.
Thank you to everyone who has offered kind advice and encouragement.
I didn't realize Bill Gates posts here as GFunk, but clearly so since GFunk is so incredibly successful that he's worried about me and my sister "standing on his shoulders" and stealing his empire.
Posted on 6/6/16 at 9:19 am to cfa626
quote:
I know. What we had originally wanted to do was open a daycare center. We had picked out a location that we know of that doesn't have a daycare and has a lot of large employers nearby so the market would be good.
But then when we started looking at insurance, licensing, etc., we realized the start-up costs would be significantly more than we can risk.
The startup costs are significant especially if you build your own building.
Could you bring on some investors and/or get some bank funding?
Have you looked at the franchise places like Kindercare and Kids R Kids? They may have preferred financing options, but I have no concept if the royalties are reasonable or not.
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