| Posted by | Message |
Jaylafa 
LSU Fan
Member since Dec 2008
115 posts
| Input on Opening a Day Care Center (Posted on 4/2/12 at 9:43 am)
My wife is wanting to open a Day Care Center in our town.
Wondering if it would be a good business to open up????
|
| Back to top | Share on  |
Chad504boy 
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64972 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 9:49 am to Jaylafa)
If you think you are capable of finding good employees for cheap, yeah its a pretty decent business.
|
| Back to top | |
JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
15916 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 9:51 am to Jaylafa)
I'm by no means a Day Care expert, but I do know one person that owns one, and let's just say it is bleeding money out of them.
|
| Back to top | |
Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
1917 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 11:34 am to Jaylafa)
What do you want to know? My mom has owned one since '88, so I've seen what it takes to make money She's there from 6-6 every day, cooks all the meals, and works her arse off....but it's been a very good business for her. Lots of people like to pay in cash as well. It all depends on if your wife is willing to put in the hours and work it will take to make money.
|
| Back to top | |
Chris4x4gill2 
Alabama Fan
North Alabama
Member since Nov 2008
1493 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 11:45 am to Vrai)
quote:
Input on Opening a Day Care CenterWhat do you want to know? My mom has owned one since '88, so I've seen what it takes to make money She's there from 6-6 every day, cooks all the meals, and works her arse off....but it's been a very good business for her. Lots of people like to pay in cash as well. It all depends on if your wife is willing to put in the hours and work it will take to make money
At the center we use this seems ot be the case. The owner/director is there at 6am to open and is the last one to leave in the afternoons.
Be prepared for parents to run late (weeks) on payment.
|
| Back to top | |
Vrai
LSU Fan
Baton Rouge
Member since Nov 2003
1917 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 12:02 pm to Chris4x4gill2)
quote:
Be prepared for parents to run late (weeks) on payment.
Yep. And you charge by the week. No pro-rated crap or anything.
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19869 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 12:23 pm to Vrai)
Sounds like a shitton of work with crappy upside and lots of downside.
|
| Back to top | |
Bubb
Member since Mar 2010
2659 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 2:38 pm to kfizzle85)
You couldn't pay me enough. Lots of regulations too. Check DSS site for the list of reqs.
|
| Back to top | |
Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64972 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 3:07 pm to Bubb)
I pay close to 18k in daycare a year for 2 kids. If you do it right and not too much over head, there is lots of money to be made.
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19869 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 3:13 pm to Chad504boy)
Your second sentence is universally true.
|
| Back to top | |
Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64972 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 3:17 pm to kfizzle85)
quote:
our second sentence is universally true.
First pretty much is too.
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19869 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 3:19 pm to Chad504boy)
I'm sure it is.
|
| Back to top | |
Chris4x4gill2
Alabama Fan
North Alabama
Member since Nov 2008
1493 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 4:10 pm to Vrai)
quote:
Be prepared for parents to run late (weeks) on payment.
Yep. And you charge by the week. No pro-rated crap or anything.
This.... we typically only use daycare 4 days a week, byt pay the same as if we used 5 days. It costs the center the same regardless. Also, fees are due weekly, late fee if not paid by Wed am.
|
| Back to top | |
756
LSU Fan
Member since Sep 2004
8592 posts
| re: Input on Opening a Day Care Center (Posted on 4/2/12 at 9:00 pm to Jaylafa)
you do not want to go there- find another business
|
| Back to top | |
ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5769 posts
| re: Input on Opening a Day Care Center (Posted on 4/3/12 at 12:05 am to Jaylafa)
My wife is currently providing daycare for a 14 mo old that we fostered for a few months last year. We befriended the grandmother who now has custody. She pays my wife about $700/month, which is pretty low for our area, but she's trying to help her out temporarily.
I will tell you that my wife will never ever do this as a full time business. You can make money at it if you have a passion to do it, but it's hard work caring for other peoples' kids. It might not be so bad if you run a center and hire child care professionals while you handle the administrative stuff, but running it out of your home is a commitment.
|
| Back to top | |
tirebiter
LSU Fan
ATL
Member since Oct 2006
4470 posts
| re: Input on Opening a Day Care Center (Posted on 4/3/12 at 10:02 am to Chad504boy)
quote:
I pay close to 18k in daycare a year for 2 kids.
Are you going to foot the college costs, too?
|
| Back to top | |
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
12694 posts
 Online
| re: Input on Opening a Day Care Center (Posted on 4/3/12 at 10:18 am to Jaylafa)
It is a very difficult business to manage effectively. Think about the pool of workers you can afford, and what you will be trusting them to do for you. Think about your customers and what they will expect from you. Then know it will be worse than you imagined. Your workers will amaze you with the stupid decisons they will make, and your customers will take advantage of you by leaving hteir children well past the designated pick-up time, dropping them off when sick and not paying you on time. Meanwhile you are trying to stay in compliance with all of the regulations regarding operating a business in general as well as the requirements for a daycare operation.
The best way to find out if your wife really wants to go the whole nine yards is to provide daycare for one or two children in your home for some very select parents. If she finds that she enjoys doing so, then she will be more prepared for opening an actual center.
|
| Back to top | |
Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64972 posts
| re: Input on Opening a Day Care Center (Posted on 4/3/12 at 10:29 am to tirebiter)
quote:
Are you going to foot the college costs, too?
Take all the equity out my house, pay for college, file for bankruptcy. live life large.
|
| Back to top | |
tirebiter
LSU Fan
ATL
Member since Oct 2006
4470 posts
| re: Input on Opening a Day Care Center (Posted on 4/5/12 at 3:43 pm to Chad504boy)
quote:
Take all the equity out my house, move all assets offshore, do not pay for college, and live life large in Thailand.
FIFY. 
Should be easy when you close on that 3.00% 30-yr FRM.
|
| Back to top | |
aaronb023
LSU Fan
Member since Feb 2005
5321 posts
Online
| re: Input on Opening a Day Care Center (Posted on 4/5/12 at 5:06 pm to tirebiter)
i know two people who own day cares. one just opened one a few months ago. they knew how many kids they needed to break even and exceeded that pretty quickly. the second owns several daycares and does really well.
|
| Back to top | |
