1. Verify licensing requirements and complete the necessary paperwork.
You will need to contact your local licensing authority to find out what specific licensing requirements apply to daycare providers in your area. You will likely need to complete some basic paperwork, such as an application and a floor plan for your daycare space. Be sure to allow enough time for the licensing process, as it can often take several weeks or even months.
2. Secure liability insurance.
Liability insurance is essential for any business, and this is especially true for daycares. Your policy should provide coverage for both property damage and personal injury. Ask your insurance agent about the specifics of your policy, and be sure to have proof of insurance on hand at all times.
3. Draft policies and procedures for your daycare.
Your policies and procedures should cover everything from meal times to nap schedules to discipline procedures. Make sure that all staff is familiar with these policies and that parents have a copy of them upon enrollment.
4. Create emergency protocols and make sure all staff is aware of them.
Emergencies can happen at any time, so it is important to have a plan in place for how to handle them. Your emergency protocols should include information on how to deal with fires, medical emergencies, and intruders. Make sure that all staff is familiar with these protocols and that they know where to find them in case of an emergency.
5. Set up your business bank account and get a tax ID number from the IRS.
To open a business bank account, you will need to provide your business name, address, and tax ID number. You can obtain a tax ID number from the IRS website at irs.gov. This number is used to track business income and expenses, so it is important to have it on file before starting your daycare business.
6. Purchase furniture, equipment, and supplies for your daycare space.
You will need plenty of furniture and equipment for your daycare space, such as cribs, changing tables, playpens, and chairs. It is also important to stock up on supplies like diapers, wipes, formula, and snacks. Be sure to purchase quality items that will stand up to daily use.
7. Market your new daycare to parents in your community.
One of the best ways to attract students to your daycare is by marketing it effectively. Start by creating flyers and business cards to distribute in your community. You can also promote your daycare through social media and online directories.
8. Complete any additional paperwork or training required by your state or local government.
In some states and municipalities, you may need to complete additional paperwork or training before you can open your daycare business. Be sure to check with your local licensing authority to find out what is required in your area.