Operating a daycare can be a rewarding and challenging experience. To help you get started on the right foot, we’ve put together a comprehensive checklist of everything you need to do before opening your doors.
Choose your business structure
The first step in starting any business is to choose the right business structure. This will determine the legal and financial framework within which your business will operate.
Register your business
Once you’ve chosen your business structure, you’ll need to register your business with the relevant authorities. This will vary depending on your business structure and location, but is typically a simple process.
Get a business license
Depending on the type of business you’re running, you may need to obtain a business license. This is a legal requirement in many jurisdictions, so be sure to check with your local authorities.
Choose a location
One of the most important decisions you’ll make when starting a daycare is choosing the right location. The location of your business will need to be safe, convenient and have enough space to accommodate your projected growth.
Create a business plan
Every successful business starts with a solid business plan. This document will outline your business goals, strategies and how you plan on achieving them.
Secure funding
Unless you’re self-funding your business, you’ll need to secure funding from investors or lenders. This will usually involve presenting your business plan and demonstrating your ability to repay the loan.
Hire staff
No daycare can run without a team of dedicated and qualified staff. Start by advertising your vacancies and conducting interviews to find the best candidates for the job.
Purchase supplies
From cots and toys to food and cleaning supplies, you’ll need to stock up on everything your daycare will need to function on a daily basis.
Set up your space
Once you have all the necessary supplies, it’s time to set up your daycare space. This should be done in a way that is both safe and inviting for children.
Promote your business
The final step is to let people know that your daycare is open for business. Spread the word through family and friends, and consider advertising in local publications.