Child Day Care Provider

Start-up costs: Under $100
Time required per week: Minimum 30 hours
Average earnings: $800 per week
Earnings potential: $1,600 per week

Business Description:

In today's fast-paced world, most families require two incomes, and this is accomplished by both mom and dad working full time jobs. This is especially true for young families just starting out in life. Unfortunately, neither parent can afford to stay home during the day and care for the children. Providing child day care is a huge cottage industry that isn't dominated by any large corporations.

Benefits of This Business Opportunity:

There are several key benefits to this business. First, the cost to get started is tiny. Even if you are almost penniless you can still start this business, provided, of course, that you are currently living in a home. Second, as long as the human race continues to procreate, you will have an unending source of potential new customers. Third, in most states a license is not required until you reach a certain number of children. Therefore you will not have to wait to get started, but can begin immediately.

Drawbacks of This Business Opportunity:

There are a few serious drawbacks of this business. First, It will require time. You'll need to work more hours in this business to earn a living than most of the other businesses we've reviewed on this site. Second, the money will only come in as long as you continue to work the hours. You will not be able to set up an income stream as you can with affiliate marketing. Third, if you want to grow your business, you will encounter obstacles. Once you reach a certain number of children, you'll need to get licensed. Also, you are limited by the amount of square footage of your home. You may end up out-growing your home, and will then need to rent or buy a place. Thus, you'll no longer have a home-based business.

Recommended Resources:

Like any business or career endeavor, the more successful you want to be, the more specialized knowledge you will need. Students who want to become lawyers pay tens of thousands of dollars to go to law school to learn the details of the trade. It's the same for engineers, doctors, and accountants. Valuable knowledge costs money, but pays dividends for a lifetime. The following resources have a very minimal cost, but provide very valuable benefits.

Day Care Provider Guide Book:

This guide has over 30 ready-to-use forms and sample letters. It contains detailed advice on legal requirements, equipment reviews, establishing pricing, attracting customers, interviewing potential clients, getting referrals, building your image, children's activities, and much more. The complete manual sells for $29.95. For complete details, please visit Child Day Care Manual.

For more business resources regarding this or any other home business opportunities, we highly recommend you visit the largest source of business ebooks on the internet.