By Monica Peña
Are you wanting to start a childcare business, but don’t know where to begin? Texas Association for the Education of Young Children (TXAEYC) is a state affiliate of the National Association of Education of Young Children. This is an excellent resource in Central Texas for anyone wanting to get started in the early care and education industry. TXAEYC offers updates in the childcare rules/regulations, continuing education, training opportunities, and networking events to learn from peers.
Below are some more helpful tips to successfully launch a childcare business.
- Get experience. If you have not already worked in childcare, there are many aspects of the business that you may not be aware. Industry rules related to areas from documentation, cleaning supplies, snacks, communication with parents can be less straight forward than anticipated. This is where exposure to this type of circumstances would be beneficial.
- Register the business. Registering your business establishes it as a legal entity which helps the owner have limited personal liability, receive funding, and create a brand that is recognizable to parents deciding on using your services for their children.
- Create a business plan. A business plan can help with all aspects of your start up from potential problems, work flow, pricing, what is included in your services, and so much more. It is a road map to the success of your business.
- Fund your business. Figure out a budget and how the childcare business will be financed.
- Decide on the niche of the company. Choose the specialty of the services being offered by the childcare facility. Will your center offer after school services, STEM learning, language immersion, or any other special services? Determine certain area of Austin or surrounding towns that the business will concentrate.
- Build a marketing plan. This includes creating a strong brand with name, logo, and figuring out how to communicate the niche of the company. Design a plan to communicate with potential parents and community partners that can refer families to the business.
- Take advantage of resources available for your new business. EGBI provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business. Staff helps connect business owners with different business tools and outside resources.
Contact us to meet with a business coach that can help guide you through your small business journey. To get started, register HERE.