S.T.
Good for you!!!! As an in home licensed provider for the last 7 years myself, this is what I can tell you. (Also, I have recently had to search for new clients as many of my previous ones for 4 years either graduated or lost their jobs. So, I ask the new people, why me?) First off, let me say, this. Set yourself apart with quality. The families will be able to sense what sort of environment you have established as soon as they walk into your home. Offer integrity and safety! Let the parents know their kids will have an awesome day with you while they are away. If you can offer the parents that you will help thier little ones build a strong foundation before entering school, this will also be key. Be honest about what your expectations of your families are-Truth will get you everywhere with the parents! This is a difficult time for in home providers for a couple of reasons. But basically, it amounts to the economy. Many families have people they know that can watch their children for free, or for very cheap. Or, the parents are working longer hours just to keep their jobs, or are working multiple jobs. So, they need longer hours. If that's something you're interested in (longer hours) there really are very few of us that offer it. You can get a license for extended care if you would like to. My children have grown up with childcare, and they love it. They are 7 and 5 now. I'm not sure how they will feel when they are teenagers, but for us, it works right now. I think rates vary dramatically right now. I think your best bet is to be flexible from your base rate, and to be flexible in the schedules for the parents---especially as you start your business. I think in our area there are rates for infants and preschoolers in the $30-$50/day range. Part time care is typically charged more per day. That will be an important factor as you start your business and fill you 4-5 spots that you are looking for. I also love that you are not looking for 15 kids! Many providers have to have lots of children. I think 4-5 kids are great. You just have to make sure the mix of the kids is good. I don't think there's a magic number. Sometimes 3 is much harder than 5 or 6. Good luck in your endeavor and remember to laugh and to have fun!!!!