We’ve created a non-exhaustive budget template for you to use to develop your own.
Customizing the template to your business is critical.
The cost of care may be different from each center.
Perhaps the location alone helps to bring in customers. Here are a few questions to start your research process: You should also spend a significant amount of time researching the clientele in your area. Understanding as much as possible about their lives is extremely important.
Be sure to factor in the wages of teachers and administrators, too.
Building costs, safety materials, and various fees also come into play.
You should use this information to help make informed decisions.
Be sure to remember that what market reports and web searches may produce may not be 100% accurate.
In addition to the expenses, you should also think about the type of child care center you plan to open.
In our previous article, Picking the Right Child Care Structure, we outlined the general things to think about when picking the type of child care center you want to run.