re: Starting a small business

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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.

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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.