What are the costs of opening a daycare?
1. Permits – A daycare, like any business needs some permits such as a fire-safety permit, business license, and more permits that each state or county requires on its own. These permits usually cost a few dollars a year. This is far from expensive. 2. Insurance – Getting a business insurance is very important. The premium will cost some money, but a small daycare will need a small coverage and so will be asked to pay a small premium. 3. Toys, books, sleeping mats, and other accessories – Buying all the necessary equipment for your daycare will cost you some money, but these things are a one time fee purchases which will serve you for a long time. All these things shouldn’t cost more than a few hundred dollars. You may be able to get by with 200-300 dollars or even less. 4. Set-up costs – When you start the process of establishing your daycare, you will have to spend a little on getting the forms and permits and learning what you need. You can do that in a couple of ways: spend around
