Running your own child care small home business or more commonly referred to as day care and early childhood education in the US can be a joy more than a business, especially if you are someone who loves taking care of the little ones. There are so many advantages to establishing your own which makes it a better choice for you if you are looking for an extra source of income without spending too much money, time and effort. Here are some reasons why you should venture in such a business.
1. Busy parents will always be there to avail your service: Fortunately for you, the demand for such service does not wane which secures your income right away. Depending on your credentials and number of clients, you can earn up to thousands of dollars just by spending a few hours every day without leaving your home at all. You can even do it while taking care of your own kid.
2. Expenses are minimal: Other than investing on toys for playtime and entertainment of the kids, reading materials and other educational aids for their development (since you are expected to impart lessons), desks and chairs, there are no more requirements before you can open your child care home based business. The good thing is that people who get their income from childcare services are entitled to tax refunds so your investment may return to you in no time.
Tax deductions for such businesses include expenses on toys, activity materials, food, training, and household supplies among others. This is to give back to you since you are partly fulfilling the government’s responsibilities.
3. Fulfilling: Given that you want to start a child care home business because you love doing it, the emotional benefit you can have from it is very fulfilling and satisfying. It can be the best way to let out your passion while making yourself financially dependent.