| If you are about to start your very own childcare | | | | future business? - Make sure you find out all about the |
| business here are a few pointers you ought to keep in | | | | insurance requirements of your future business. |
| mind. | | | | Insurance will help you deal with any accidental injury |
| 1.What kind of business are you trying to set up? - Are | | | | or damage, which might affect your business. In case |
| you looking to operate your business right from your | | | | you choose to run your business from your home you |
| home or will you be more interested in traveling to your | | | | may have to increase the limits of your current policy |
| business? Working from your own home is a great | | | | or even buy a totally new policy. Even if you are |
| option if your house has ample space. But incase your | | | | running your business from outside insurance should be |
| house doesn't have that sort of space provisions, or if | | | | one of your primary concerns. |
| working from home is not an option for you consider a | | | | 5.Have you surveyed your market? - Before you |
| franchise arrangement with other companies in the | | | | begin to make all the arrangements required for the |
| same business. | | | | business just go out there and survey the location you |
| 2.Have you updated yourself about the legal | | | | have chosen. For all you know your place you have |
| requirements of your proposed business? - Even | | | | opted for doesn't need another childcare provider. Find |
| before you start, you need to find out the kind of | | | | out the status of the other childcare providers in the |
| licenses and legal conditions you will require from your | | | | area. Do they have their hands full with work? Do they |
| local business services. Remember to also enquire | | | | have more clients than they can honestly handle or |
| about the specific qualifications needed to earn them | | | | are they expanding quickly to meet demands? Is their |
| and how much they are likely to cost you. Your legal | | | | business growing in a consistent basis or is theirs only |
| requirements will be totally determined by the location | | | | a moderately profitable establishment? Choose a |
| of your business. Usually they include health code | | | | location which needs you rather than a place which is |
| regulations and inspections along with fire code etc. | | | | convenient for you. |
| 3.Are you qualified to begin your own business? - You | | | | 6.What do you need? - Take some time out and |
| might consider it unnecessary but training yourself in | | | | clearly jot down everything that you are likely to need |
| the proper method is extremely important before | | | | in order to begin. Against each of the items you note |
| starting your business. Do take all special training | | | | write down an estimated price. Compare the ultimate |
| (which may include everything from first aid classes, | | | | sum of these prices with your total budget. Remember |
| CPR etc.) and certifications (in subjects such as | | | | childcare is not child's play and requires hard work (and |
| childcare and childcare development) that maybe | | | | by that we mean physical work). |
| required for you to make your business successful. | | | | Don't overestimate your resources. Are you capable |
| Remember your certifications will legitimize your | | | | of handling the entire business or do you need extra |
| business in the eyes of potential buyers and should | | | | help? Planning in advance will go a long way in ensuring |
| therefore prove an asset. | | | | the success of your business. |
| 4.Are you aware of the insurance needs of your | | | | |