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help on setting up business

shellscreativeca Avatar
8y, 7m agoPosted 8 years, 7 months ago
ok so hears the score m n my pal want ti go into business togther, childminding. however we want to rent a premises and do it there. we have been reading up, and know alot about it as her mum isa childminder. and we dont know if it a "childminder" we want to be. we hand the idea of retting a premises. and carring for wroking mums childern who are 5 and under. so there fore, we can have our own childern , and also we dont have to do school runs. we want to focus mainly on interacting witht the childern, we want to proivide more than a "baby sitter" more like doing activites with childern. however we dont really want to do a drop in chreche, we still want to know. we have so many chidlern each day, and for how long for etc. and with the chilldmimder rules, you can only hav 3 under 5s. to one adult,however that , with our own kids, would only let us have 4 a day max. wich really wont be finalcy viable, and not enough to valdiate our own premises.. so would we be more of a day nursery? ave been trying to find out on here, but i am gettn more and more confused?? please help

i alogies for spelling and typing errors!!
shellscreativeca Avatar
8y, 7m agoPosted 8 years, 7 months ago
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#1
Watch Daddy day care.
#2
things you need nvq level 2 childminding course and first aid cert or nurse/rgn.ect and this is before you get goverment funding via surestart
hope this helps

my wife has just informed me you need to do police checks on everyone for the social servicies and the govt. body surestart
#3
if you looking at opening a day nursery your going to have to do a hell of alot of research! be registered with your local authority and ofstead. it cost's alot of money, you have to have so much space per child and so many adults to children. it's completely diff to being a childminder.
you would need to have some sort of training, a first aid certificate, pref in paediatrics, and safeguarding children training (child protection)
You would also have to provide a foundation stage curriculum for 3 - 5 yr olds and cater for birth to three for 0 - 3 yr olds
#4
bellabonkers
if you looking at opening a day nursery your going to have to do a hell of alot of research! be registered with your local authority and ofstead. it cost's alot of money, you have to have so much space per child and so many adults to children. it's completely diff to being a childminder.


bellabonkers is right my missus and her friends set up one this year and its a lot of work
#5
Im a nursery nurse raptorcigs :) have been qualified now 14yrs and boy oh boy is careing for kids no where near as easy as anyone thinks. I personally would prefer not to be a childminder, too many issues.
#6
If you have a Childcare Information Service (CIS) in your town/ city, ask them for some more information.
#7
i know its alot of work! it seems like people are trying to putme off. lol so your wife just et one up? can you tell em what she did, where she has it? how big are her rpermisus.how many kids does she hav? what ages? does she provide educatioon or just childcare. and tak them into there local schools. when needed??

i cant even find a website, or nay where to tell me wexactly what i need... nothign states

you need this qualifaction, and you can have this much childern. and heres hwo to start?
#8
shellscreativeca
i know its alot of work! it seems like people are trying to putme off. lol so your wife just et one up? can you tell em what she did, where she has it? how big are her rpermisus.how many kids does she hav? what ages? does she provide educatioon or just childcare. and tak them into there local schools. when needed??

i cant even find a website, or nay where to tell me wexactly what i need... nothign states

you need this qualifaction, and you can have this much childern. and heres hwo to start?


well your local authority should be able to give you guidence. as possibly could your local sure start centre
#9
You need liability insurance and that can be dear.
It is definitely not as easy as Daddy Day Care.
You also need a business plan with fee costs etc.
#10
shellscreativeca
i know its alot of work! it seems like people are trying to putme off. lol so your wife just et one up? can you tell em what she did, where she has it? how big are her rpermisus.how many kids does she hav? what ages? does she provide educatioon or just childcare. and tak them into there local schools. when needed??

i cant even find a website, or nay where to tell me wexactly what i need... nothign states

you need this qualifaction, and you can have this much childern. and heres hwo to start?


i dont think they are trying to put you off but just being real

its so easy to say iwant to start my onwn business
but i can imagine you are gonig into one of the strictest redtape business out there
there is health and safety to consider,
the premises rent and suitablilty.
you'll have to have special toiles doors for them
due diligence
and years of experience
on the business matter to make it work financially
#11
i read about a certian place for startiing up childcare type of business. with your first year of liablity insruance free if regiastered with them.

yes i now all about business plan and that. im qualifeied in business managemnt and accounts. so taht would help, tis really all about the childminding side i dont know, if you catch what i mean

i didnt just watch daddy day car you know. ive been thinking about becoming a child minder for a year now in my own house. but we thought this mite be a better idea, this help is great, kepp it cpming
#12
yeah i understand its not going to be easy, but nothing worth having is. but i want to learn, and studdy everything properly and make it work! we also thought we may have young enterprise on our side,
#13
jobs easy
apart from having kids of your own do you have any experience or qualifications about child minding/running a nursery?
#14
shellscreativeca;1858701
i read about a certian place for startiing up childcare type of business. with your first year of liablity insruance free if regiastered with them.

yes i now all about business plan and that. im qualifeied in business managemnt and accounts. so taht would help, tis really all about the childminding side i dont know, if you catch what i mean

i didnt just watch daddy day car you know. ive been thinking about becoming a child minder for a year now in my own house. but we thought this mite be a better idea, this help is great, kepp it cpming

That was an off the cuff remark. If you know someone who will give you liability insurance, bearing in mind that each child's life could cost a lot, then give me his phone number.
You will need at least a short term lease and any borrowings would be on your house.
I have no doubt you may be qualified in business management but that is no qualification for real life business.
#15
You are going to need security, there's other issues such as the number of supervisors to children ratio.
You need to be trained in First Aid.
People won't come cheap either.
Then you will have to consider pension provision. The government is pushing through plans to make it compulsory for you to offer pensions. That is going to cost you at least £500 per employee.
#16
yeha hav been looking into secrucry too, finger tip entry, cctv. etc. yeah i know about he supervisor to childern ratio, but cant find sumwher to tell me what it is. as for employess. for starters we were jsut wnting to set up a small business, wtih using the two of us, us as partners, and us as the two carers. no i have nt any childcar qualitfations. and i do know my business qualifactions are not the be all and end all, but i have been business with a partner, prevousliy for 3 years, so i do know sum part of running a business, even though it was a totaly differnt business. and as for the liablty, id id read that on a site, i shall try and find it agian
#17
4 children
Premises say £800 per month.
Light and heat £100 per month.
Cost of running nursery, at least £500 per month.
Salary for you both. Say 35 hours x £6 for simplicity x 2 people. £420 per week.
£21840 a year. employee costs say £5k at least.
At least £38000 a year.
I am just talking basics so at least £700 per week to break even.
So you are going to be asking £700 for 4 children that is £175 a week each.
I hope you live in a rich area and have a good reputation.
#18
then there's insurance, health & safety inspections, annual fire certificate, servicing on your heating, electrical equipment annual check, remember, all these are compulsory....
#19
you will have to invest in the nursery like toilets, equipment etc.
Invest in stuff like books...
You're gonna need at least £10k to start up.
#20
You also need to consider if these children are in your care all day that you need to provide meals and snacks, have you got food hygene certificates? somewhere to prepare and store food? acsess to an outdoor area?

http://www.dfes.gov.uk/
you will need to have policies and procedures in place as well.
ie, positive behaviour policy,
#21
i seem to rember is was through NCMA membership
#22
http://www.everychildmatters.gov.uk/

http://www.surestart.gov.uk/

both these sites should help, i'd consider doing some sort of course if you really really want to go into childcare
try this one too, its the dfes puplications page http://www.dfes.gov.uk/publications/
this is their main site...http://www.dfes.gov.uk/
wont answer questions on setting up a buisness but might give you some insite into whats involved with childcare. there are dvd's and cd roms available sure start used to do them im not sure if they do any more.
#23
well there at 22 registere childcare places, ful time in our area, wtih at least 3 on a waiting list..
we have been lookin at premises, not costing as much as what you said though. we wa slooking at aout 400-500 month. you can get a percetnage or rent, electricty,gas,insruance,food ,tax back., ok so we would have all that anuall checks, thank for that i nevr though of that.
we know th intial set up costs would eb high, however we though about young enterprise help, as were under 25. also grants, and bank loans are all options and the only emplyess we would nead are a cleaner. and for salerys, we decided mayeb for the first year, to get our business of the ground, we could only tak say £100 a week each, as i read %60 percente of new buesiness fail in owners taking to much fo rthe selves.
#24
what about employers liability insurance & profession indemnity insurance.
For children, that won't be cheap, you can add another grand on that.
#25
can you explain what these are?? please? this si the kid of stuff i dont know and need help on
banned#26
how may children are you looking at? that arent your own
#27
and what about loans, in this climate, banks will be reluctant to lend any money...
#28
sassie;1858859
how may children are you looking at? that arent your own

she said maximum 4.
Even in best case, you say £500 for premises, that only saves you £3600 a year.
You are still looking at £150 per child at least .
#29
warmapplepie
what about employers liability insurance & profession indemnity insurance.
For children, that won't be cheap, you can add another grand on that.


indemnity

[URL="liability insurance"]and liabilty insurance[/URL]
banned#30
warmapplepie
she said maximum 4.
Even in best case, you say £500 for premisers, that only saves you £3600 a year.
You are still looking at £150 per child at least .


4 kids, chuffin hell how much do you think you can charge them:w00t:
#31
sassie;1858888
4 kids, chuffin hell how much do you think you can charge them:w00t:

Priced to cover costs....
banned#32
well hang on £500 rent is going to be £125 per child, plus there wage of £50 per child, thats £175 per week per child, before they have actually added anything else
#33
you are also going to need stuff like nappies, changing facilities.
You'll need an inspection from Ofsted.
Also, are you trained in administering medicine cos if that goes wrong, you will be negligent.
#34
yes i have a hygeine course, used to own my own chip shop. you techincally arnt alowed to cook whil "childminding" for stafey reasons, and with the house i plan to work, it would be either food mums have taken in for baby, or other ages would only be lunch and healthy snckas wich would have ot be cold food, not requirng cooking, eg sanwiches, toasties, microwavble things. fruit,


as for loans, it would nessicaerlly have to be a bank laon, that is not my only option.. that would eb looked into furthe down the line though

erm i dont know, there owuld be 2 kids of oour own, under 2. thats why i need to know the ratio , as its not the same childminding
banned#35
why dont you do it at home, ok only two children, but no real outlay, nothing to be paying
#36
Rent £500 per month or £125 a week
2 salaries at £100 per week so that's £200 altogether
Running costs will be at least £200 a week.
Business premises insurance and contents insurance £25 a week.
Just those basics mean you will have to charge at least £100 a child.
#37
places usually charge 'per session' and it also depends on age, as smaller children require a higher adult/child ratio also children over 3 are entitled to a grant entitling them to 5 'sessions' per week a session being 2.5 hrs i think... these are paid for with busy bee vouchers
oh by the way if you take vouchers you have to by law provide education.
#38
i believe if you are going to make it viable the only way to do it is by having at least 20-30 children
and thats probably over your head
#39
wait wait wait i never said max for kids! i said, that is the ration for childming, in ur home but day care in a premises with more than one person is differnt. but i dont know what and CANT find it. no i dont have medince administartion, and there maybe be someother stuff we dont have, but we would do it. i nknwo this isnt going to ahppen, tomorow, id imagined it would tak a while. i woudl do what ever nesscary, thats why tis is good people telling me what.. most childcare around here, either charage extra for teh nappies, etc babys need. or argee with the mums if they wont to jsut provide there own. that would be something deiced, with eah idivaudal parent, also the avarage childcare per hour around here is 3.00 an hour, working from 8-5 each day, double time for before and after, would avaerage at £135 a week,

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