Business Feasibility Study of A Home Day Care Center
Muhisani Kerr
OMM 614 Innovation and Entrepreneurship
Josephine Carola
April 9th, 2012
Executive Summary
Kilo’s Loving Care is a venture that provides 24 hour home care services for children in DeKalb County. This facility provides child care services for up to 6 children from the age of 6 months to 12 years. The service also provides weekend and holiday care for parents who work non-traditional hours.
There are 73 child care centers in a 35 mile radius from my location. There are franchised child care centers, regular child care centers and other home based child care centers. Only 4 of them provide 24 hour service, 2 of them provide weekend service but none of
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Success in this field requires dedication, love and patience. The work day is longer than a normal eight-hour day, but the satisfaction of watching children grow and develop will be worth the extra effort. Based on an apparent need, this feasibility study intends to determine whether or not to proceed with the venture of a licensed daycare center in DeKalb County. At both levels, the need for child care represents a cultural shift towards single parenting or both parents working. The availability of child care means attracting and retaining families and employees. This study examines what it would take to start up a licensed home day care center in my county.
PRODUCT OR SERVICE
• Child care development home. A child care development home is a private residence for up to five children, with no more than two infants in the group (US Small Business Administration, 2012). I will present learning activities and toys in a way that stimulates the children's interest and play. Children need structured
and can offer sessional or full day care to children aged two to five. Some schools
Daycare has become a controversy because of the great quantity of advantages and disadvantages that it involves. While a very large number of parents have to rely on child care centers because of career ambitions or financial needs that only their jobs can fulfill, most child psychiatrists believe that the ideal growing environment for an infant is at home with the family. The problem is that choosing the right caregiver, a good substitute for the parents, is very hard, and the consequences of a wrong decision can be very detrimental to the child’s personality development. This choice depends on many factors like culture, education and especially income. In fact, the financial availability plays the most
All members of the staff must act as professionals while at work, especially with young children. The administrative and teaching staff must work together to ensure their practices are developmentally appropriate, and share new and/or creative ideas with one another. It is also the responsibility of a teacher to establish an open, trusting relationship with the parents of each children in their care. Thus, parents can freely communicate their thoughts, concerns, and/or suggestions about their child or the program. Parent satisfaction is something that every child care or development center should strive for.
Home daycare is very much like what the name implies, it is a service that is run out of someone’s home. You will often find other moms offering this type of service, especially if they are staying at home with their child during the day and are looking to make some extra money by taking care of another child at the same
An increase in baby booming makes it tougher for working parents to find daycare. The facts prove that having children come with a true price. Even so it doesn’t change the issues of finding child care or makes them go away. When parents work, quality child care is a necessity. And it does not come cheap. For families with more than one child, child care can eat up one salary, leaving parents wondering both working is worth it. When thinking of child care there are some options to consider like choosing a child care center, the costs of child care centers, and waiting lists.
Families have many choices for childcare, ranging from in-home care, a childcare facility, an after school program or a
On-Site daycares would also be more time efficient for employees as they and their children will be going to one destination, opposed to travelling a further distance to drop of their kids before arriving at work. Dually this also compliments time effectiveness because employees can work later hours without the inconvenience of having to leave early to retrieve their child from a further daycare facility. In cases such as illness for the child, it also saves time for the company and the worker for the employee to be able to take their child from work to a hospital or other destination without the extra travelling.
Therapeutic communities childcare: this is an approach that meets both the the physical and emotional needs of the service users.
While daycare/ childcare centers provide a safe haven for young children and left in the care of licensed caregivers, there is more to daycare then just temporary relief for parents. These facilities offer a nurturing and fun learning environment to promote curiosity, innovation, and continuous growth in developmental abilities and positivity in children, and they also have the ability to provide encouraging and engaging activities that endorse emotional, social, and academic development (Phillips 1987). Within these facilities, high quality care calls for each child reach greater levels of learning and can develop skills at their own pace under supervision.
It is becoming more common for corporations to provide daycare facilities as a fringe benefit for their employees. What has evaluative research found regarding the costs and benefits of these facilities?
Whilst their practices are efficient and thorough, their nursery has a warm, nurturing environment where your children will feel happy, valued and welcome helping them develop confidence and self-esteem.
The location we would like to start our child care center in is 6800 Shakespeare Rd, Columbia, SC 29223 Columbia, South Carolina. There are 13 licensed centers in our community within our local zip code with an average capacity of 20-240 children. There are 7 Head Start programs and no Early Start programs that operate in the community. The Head Start programs do not specify how many children they serve. Our community has 1 faith-based program. These faith based programs are not exempt from licensure and they serve 100-238 children. Our local public schools offer head start in the whole county for pre-Kindergarten aged children. There is no YMCA in our community.
Childcare is the starting point in your children 's lives. The choices you make on childcare can affect them greatly. It is when they will begin to meet the friends that they will grow up with as they go through grade school. Children need this step in their lives to adjust from staying at home, to staying with other children in a completely different surrounding. There are so many different options for childcare now a days, it is extremely hard to say which is the most beneficial for children. In this paper I will discuss the childcare decisions that my mother made for me, what to consider when evaluating childcare, and compare them to some of my references and see how they are similar and also how they differ.
While there are some caregiver’s that are only in the human service field to earn a paycheck and with the lack of parental involvement in their child’s life, it can make a caregiver’s job more challenging. Daycare centers serve as a stepping stone for a child’s future that will teach them how to establish appropriate skills and aid in the development of their cognitive abilities. Positive child interactions not only aid in the development of social and cognitive development, but also in the child’s self-esteem and it lets them know they are important and loved.
I found that there are a few different child care options that are available. There are the family child care, which is families choose to have their children in a home setting. There is also a licensed family care providers that can take up to 8 children with a helper. Another option is a licensed family child care home that has providers that take care up to 16 children. There is also a license exempt family child providers which is where family or friends that will take three or less children.