Has anyone opened their own in-home childcare? How has it worked out for you? I'm due with my second child next month, my first is 4. With 2 children, I don't know how financially beneficial it would actually be going back to work following the birth of my second child, so I'm thinking about taking on a few children in my home. I am a preschool teacher now, and could bring both children to the center with me if I continued to work, but work for a fraction of the pay as my childcare expenses would obviously go up. We wouldn't make it on just my husbands income, so if I quit my job, I would need to do something to make income. If I opened my own, I could be with my children and make income with the in-home, and we have the space for it if we make a few adjustments. Any thoughts?? Experiences??
Re: Starting a small in-home center?
You are running a business out of your home, so there are tax benefits to it. Check the rules or hire a tax person, but we are able to write off a portion of our mortgage, utilities, groceries, portion of house cleaning service, any toys/books/games for our kids that are also to be shared by the children I care for, etc.
I've been doing this for less than 4 years, so I am by no means an expert, but if there's anything else I might be able to answer, just let me know!
I know many Moms who have done this - one vents on my FB frequently about parents taking advantage of her because she's in-home instead of at a center, forgetting to bring the weekly check on payday, not enough money to pay her the full amount, etc. The other completely left the business of being an in-home DCP not because of the kids, but because of dealing with the parents.
Approach it as a business first and product (babysitting) second. Remember that you're going to have added expenses (license in many states, extra insurance, extra food, art & craft supplies, toys, etc.), then how are you going to deal with situations like "it's Christmas! you want to go spend time with your family" Or the Friday after Thanksgiving - not everyone gets the day off...
If it's something you'd consider - many counties need people to "babysit" individuals with special needs because there aren't the DCP willing to care for kids/babies with SN. You'd be employed through the county and go through the obvious background checks and such, but they're always looking for people!
BFP #2 - 2/13/13 - EDD 10/24/13 - born 10/29/13 - Kian Edward
BFP #3 - 7/16/15 - EDD 3/27/16 - born 3/23/16 - Liam James