How do I get finaning for my own child care business?
409263
It is hard to find grants to start a business, and scholarships are for getting an education and not for starting a daycare. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html... \n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.\n\nhttp://www.cfda.gov\nhttp://www.grants.gov\nhttp://gtionline.fdncenter.org\nhttp://www.powerhomebiz.com/vol66/grants.htm\nhttp://www.sba.gov/expanding/grants.html
551036
The State of Florida has a website devoted to doing business in the state:  http://www.stateofflorida.com/Portal/DesktopDefault.aspx?tabid=8\n(You may want to request their "Florida Business Guide" book as a handy reference).\n\nThe Department of Health and Human Services also has a site devoted to the requirements for Day Care licensing, etc:\nhttp://www.dcf.state.fl.us/childcare/\n\nHope this helps!
524074
it all depends on the age.  Children who are younger require more care (diaper changes, bottle feeding, etc).\nGo to websites of local daycare providers in your area and find out what they offer (such a trips, activities, and how they are teaching fundamentals--ABCs, numbers) and how much they charge.\nApply that to what services you provide...what you are teaching the kids and what you do with them.  Charge a competitive rate based on your research. \nTypically daycares charge $200 a week per kid...but nannies tend to charge a flat rate for all children...\n\nWhatever your final decision is--make sure you specify IN WRITING!!! what services you are providing in return for the payment...write down what holidays you are willing to work etc.
691675
I'm a stay at home mum with 2 kids too.  Do what I did.  Get a job in a childcare centre!  It may not seem like much fun (it didn't to me when I started) but it's been great.  I tried to get office jobs and actually got offered 2 jobs, but by time I paid tax and childcare fees, I wasn't ending up with anything in my pocket at the end of the day, I was working for nothing.\n\nWith this job, my children come with me. (the childcare centre doesn't charge me for bringing my kids to work!)  It means that I have an income plus I get to spend the day with my children - which is so important, they're only little for a short period of time, you don't want to miss this if you can help it.  The best bit is that because my kids are participating in activities all day, by the end of the day, they're exhausted (me too!) but they pretty much eat their dinner and go straight to bed without arguments.  Some days when I work part time, they are happy to spend the afternoon in quiet activities (watching TV) because they've had so much stimulation in the morning.  On these days, I study part time - I'm doing a business course by correspondence.  \n\nTo get a job like this, if you have no experience (I didn't), offer to do some voluntary work for a childcare centre nearby to get some "work experience".  Explain to them that you have 2 young children and you'll work for free in return for free childcare while you're there.  It's amazing how many places will take you on and teach you the ropes if they know they're getting free labour.  I don't have any qualifications (not even first aid) but the law here in Australia is that as long as there is a qualified person in the room, I don't need to be qualified, I just had to get a police check which the childcare centre paid for.  I worked for 2 months voluntary before they offered me a paid position.  Once you have experience you could get a position anywhere.  It's an industry that there are a lot of employment vacancies at the moment.  Once you start getting on top of things financially and get into a bit of a routine, maybe you could consider studying part time by correspondence (via email) as I did, it will open up a whole world for you.  The day your kids start school, you may have qualifications for a job you've always dreamed of and have a huge future in front of you with a great income.\n\nI wish you all the best, I know how hard it is to be a mum and be broke!!!!  Don't be discouraged, keep knocking on doors until you find the right job.  It will happen if you keep a positive frame of mind.  I know you can do it!!!!
834199
Get registered as self employed with the tax office. Go see a business startup specialist in a Bank.  One of the best banks out there from personal experience were Barclays they have a team of business specialists they can provide loads of info including Starting and running your own business guides on CD Rom and information fact sheets, there are other sources of information you can obtain through Business Link too. \n\nBanks usually lend on a matched funding basis to new businesses, ie 50/50 but only if you can provide a cashflow projection and business plan up front.  If you have already bought equipment to use for your business and can produce receipts this would be included in your 50%\n\nYou sound like a hardworker, working for yourself is not always easy and does demand your time and effort, from what you have said you have no objections to doing this.  The benefit obviously being that any money you make (less any deductions) is your own clear profit not someone elses.\n\nAnyhow, best of luck!
386529
You will find that as a small business owner, you will not be able to get financing from anyone (including credit card companies) without personally guaranteeing the money.  This move by the financial community effectively removes the "protection" given to you by corporation status.  In other words, plan on signing documents that will make you personally liable for any money borrowed.  This includes bank loans, credit cards, SBA loans, etc.\nYou can pay yourself a salary from the company.  Be sure to deduct the proper taxes from each paycheck.  Another possibility would be to portion some of the money that you put into the company as a loan from you, the shareholder.  You can then repay the loan to yourself over time without withholding taxes.  In addition, you can charge your company a fair interest rate for the loan.  If you are gonig to run the business from your home, there are certain tax breaks you can take for office space, expenses, etc.  Other expenses, such as cell phone, internet service, fax lines, etc., can be paid for by the business.  Before you take any of my advice, though, speak to an accountant to ensure that you properly document everything.
725073
Two things come to mind:\n\nA) If you would like to try your hand at running your own business and know what you’d like to do for money, look into an organization called Junior Achievement. Their web site is http://www.ja.org. Junior Achievement is a well-known and well-respected organization that works with young people of all ages.\n\nB) If you want to open and run your own business but unsure of what you can do, check out one or several of the following books from your local library. Your Librarian may have access to other titles as well as these:\n\nFast Cash for Kids … Bonnie & Noel Drew\nBetter than a Lemonade Stand … Daryl Bernstein\n50 Money Making Ideas for Kids … Lauree & L Allen Burkett\nJobs for Kids … Carol Barkin & Elizabeth James\nThe Kids’ Business Book … Arlene Erlbach\nMaking Cents … Elizabeth Wilkinson\nMake More Money Than Your Parents … Mike Bundlie and Others\nHow to Be a Teenage Millionaire … Art Beroff
1008747
Depending on the information contained in your work and credit history, many banks,credit card and finnancing companies will consider  special or non-traditional applications.\nThere are goverment agencies that can provide loan gaurantees for small business or education.\nYou can consider going to family and friends. If you can secure even a portion of the needed amount it may help you if and when you approach a lending institution.\nYou may also consider asking your employer.\nRemember that there are special government loan programs for person's with disabilities who wish to start a small business.\nFinally, professional associations, alumni associations, social service clubs are all potential loan sources for members.
1155011
Find a good financial institution who will not overcharge you for their services. Research. There are places to help the small business person to get started. Call your library and Chamber of Congress. you could do research by going to small business in your area, they may even help you to get started.
475381
No,there are not, unless you are an employee of a company that will allow you to work from your home, and they will probably want to supply your equipment (i.e.computer,printer,etc.).\nI am an employee of a company and work from my home. \nYou didn't say if you're going to work full time. \nIf you are and plan on being productive, you will still have daycare to pay. \nI also have two kids, ages 4 & 9 and they are in daycare/school during the day, while I'm at home, working.\nThis keeps all of us on a "routine", and "sane".\nYou and your children would be better off, while you are working, to be in an environment where they will be stimulated socially and academically.\nIf you want to "stay home" with you're children, then don't work a job, be a PARENT full-time. \nGood Luck :)
1011419
There is an excellent book, How to Start and Run A Home Day Care Business, by Carolyn Argyle, that gives all the information you will need including business startup info, drumming up business, lesson plans, and more.  You can find it on Amazon.
300997
You may want to read more about this business and start preparing your own plan. Here are free business plans on childcare business that you may want to read:\n\nhttp://www.sba.gov/library/pubs/mp-30.doc\nhttp://www.misbtdc.org/documents/BPWORKBK.pdf\nhttp://www.misbtdc.org/documents/CDCPLAN.pdf\nhttp://sbdcnet.utsa.edu/sbic/bplans.htm \n\nYou may want to read the free article "How To Start Your Own Day Care Center" http://www.powerhomebiz.com/vol40/daycare.htm  It covers various aspects of starting and running a daycare center including the demand for daycare centers, how to start this business, shoestring strategies, how to operate a daycare center, tips on caring for the children, income potential, how to manage your daycare, marketing your business and other additional income potential. There are so many things to learn about the business that the first step is to read everything you can find.\n\nFor in-depth information, I suggest checking out the following books:\n\n- Start and Run a Profitable Home Day Care \n- The Daycare Provider's Workbook \n- Start Your Own At-Home Child Care Business \n- So You Want to Open a Profitable Child Care Center : \nEverything You Need to Know to Plan, Organize and Implement a Successful Program \n\nIt is also important that you learn the tax rules affecting daycare centers, especially if you are going to open one from your home. Here is the IRS page on child care centers: http://www.irs.gov/businesses/small/industries/content/0,,id=99878,00.html\n\nFor licensing requirements in Michigan, contact this agency:\n\nChild Day Care Licensing\nFamily Independence Agency \nOffice of Children and Adult Licensing \n7109 W. Saginaw, 2nd Floor \nP.O. Box 30650 \nLansing, MI 48909-8150 \nPhone: 517-335-6124 or 866-685-0006\nFax: 517-335-6121 \nWeb site: http://www.Michigan.gov/fia
18293
To start a daycare in Ohio, contact this agency \n\nChild Care Licensing Agency \nOhio Department of Job & Family Services \nBureau of Child Care and Development \n255 East Main Street, 3rd Floor \nColumbus, OH 43215-5222 \nPhone: 614-466-1043\nFax: 614-466-0164 or 614-728-6803\n\nVisit their website at http://jfs.ohio.gov/cdc/\n\nYou may want to read the free article "How To Start Your Own Day Care Center" http://www.powerhomebiz.com/vol40/daycare.htm  It covers various aspects of starting and running a daycare center including the demand for daycare centers, how to start this business, shoestring strategies, how to operate a daycare center, tips on caring for the children, income potential, how to manage your daycare, marketing your business and other additional income potential. There are so many things to learn about the business that the first step is to read everything you can find.\n\nFor in-depth information, I suggest checking out the following books:\n\n- Start and Run a Profitable Home Day Care \n- The Daycare Provider's Workbook \n- Start Your Own At-Home Child Care Business \n- So You Want to Open a Profitable Child Care Center : \nEverything You Need to Know to Plan, Organize and Implement a Successful Program \n\nIt is also important that you learn the tax rules affecting daycare centers, especially if you are going to open one from your home. Here is the IRS page on child care centers: http://www.irs.gov/businesses/small/industries/content/0,,id=99878,00.html
401582
You'll have to start by working with Child Care Services. To start, you have to purchase a licensing packet and attend a free orientation class (pre-registration required). These are held monthly. Once you get all that done, then you can start working through the packet. Depending on what kind of day care center you want to provide (group day care, family day care, or child care learning center), click on the "Rules and Regulations" link on the left side of the page via the link below. \n\nGood luck!
948040
The only grant you can find is very minimal, typically not more than $500 from your state. \n\nIn Maryland, there is a Family Day Care Provider Grant Program, administered by the MSDE Office of Child Care (OCC), which gives $500 to registered family child care providers to offset many of the costs of opening their child care programs. http://www.marylandpublicschools.org/MSDE/divisions/child_care/grants/\n\nIt is hard to find grants to start a business, including daycares. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nI suggest you read the following books to get ideas of how to finance your business:\n\nFinancing Your Small Business  http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid\nSmall Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid\nFinancing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid\nThe SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid\nAngel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid\nFinancing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid\n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org  . It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it the
263264
You may want to read the free article "How To Start Your Own Day Care Center" http://www.powerhomebiz.com/vol40/daycare.htm. It covers various aspects of starting and running a daycare center including the demand for daycare centers, how to start this business, shoestring strategies, how to operate a daycare center, tips on caring for the children, income potential, how to manage your daycare, marketing your business and other additional income potential. There are so many things to learn about the business that the first step is to read everything you can find.\n\nFor in-depth information, I suggest checking out the following books:\n\n- Start and Run a Profitable Home Day Care http://www.amazon.com/exec/obidos/ASIN/1551801132/ref=nosim/powerhomebizguid \n- The Daycare Provider's Workbook http://www.amazon.com/exec/obidos/ASIN/096780101X/ref=nosim/powerhomebizguid \n- Start Your Own At-Home Child Care Business  http://www.amazon.com/exec/obidos/ASIN/0943135087/ref=nosim/powerhomebizguid\n- So You Want to Open a Profitable Child Care Center : \nEverything You Need to Know to Plan, Organize and Implement a Successful Program http://www.amazon.com/exec/obidos/ASIN/0943135532/ref=nosim/powerhomebizguid\n\nIt is also important that you learn the tax rules affecting daycare centers, especially if you are going to open one from your home. Here is the IRS page on child care centers: http://www.irs.gov/businesses/small/industries/content/0,,id=99878,00.html\n\nGood luck!
808666
Go to a bank, one that you alresdy have a relationship with would be a good start or you could try a site like LendingTree .com. Lending Tree will shop your application and get you multiple answers.