In-Home Childcare Business-Pros & Cons

in-home-childcareThere are a number of ways to create a successful business and work from home.  Some of our previous posts have talked about different professions you can try your hand at and successful tips on how to get started working from home.  Perhaps one great career and business opportunity when working from home, and one that has been around for quite some time is in-home child care. The great thing about in-home childcare is that there is an ongoing need for it no matter the season, month or year.  Working parents are always trying to find the right and best childcare solution for their children when returning back to the workforce. What is even more interesting and allows for in-home childcare businesses to succeed is that many parents shy away from nannies and commercial based childcare facilities and would rather find a loving home environment around other children. So what exactly are the pros and cons of starting your own in-home childcare business?

Pros & Cons of In-Home Childcare Based Businesses

childcare-from-home

PROS:

  • Daycare For Your Own Children- If you have your own young children that need daycare services while you are working you no have to look no further than yourself. While your own children add to the number of children that you can watch depending on your states regulations you basically have free daycare for them
  • Great Schedule- If you are looking to have a Mon-Fri 9-5 type schedule with weekends and evenings free this is the profession to be in
  • Always In Need- Whether you lose a client because their child is now school-age or someone moved there is not shortage of clients that you will be able to find.  In Fact word of mouth recommendations are always a plus and most times you will probably be he one adding someone to your waitlist because you are a capacity.
  • Education/Structure- If you love teaching young children and creating a great structure for them to learn and grow this is definitely a job for you.  You can implement a great curriculum and fun while teaching your young charges and satisfying the parents that their children are learning and having fun while doing so

CONS:

  • Cost- The start up cost can be somewhat expensive when making sure your home is equipped to safely take on a decent amount of children.  You need to make sure that everything is in pace to provide a safe and secure environment especially if you’re offering childcare to varying aged children
  • Insurance- You will want to make sure that you have the proper insurance coverage for yourself as a provider and the children that are under your care.  Should any type of accidents occur in your home on your watch it can be quite costly if you don’t; take the proper measures for liability and protection.
  • License- Depending on the state you live in and its regulations becoming licensed and bonded can be a bit of a headache and sometimes costly.  Check into all the regulations, rules and fees before starting your in-home childcare business
  • Back-Up-  You will want to make sure that you have one or two “employees’ that can help you out should you get sick or have a personal situation to take care of.  You may be down for the count but working parents and their children depend on you. Having someone who you trust and feel comfortable with to help you can make all the difference.

home-daycareShould you decide to start upur own in-home childcare business it is best to weigh all the pros and cons to decide if it’s really the best career move for you.  also checking into your states rules, regulations and licensing procedures is highly advised.  You never know it may just be the best profession for you!