Based on what I know (not a lot) about daycare facilities, I think your
initial and perhaps largest problem is going to be security. I don`t
mean against terrorist attacks, but rather the exponentially increasing
social paranoia about children cared for by strangers (to the family).
Before you get too involved in your contractors, I`d suggest you do
some very thorough research into the entire issue of bonding, legal
protections, background checking, and contracts. The problems I hear
about have to do with allegations of anything from abuse to neglect.
And that`s the problem---allegations.
It seems as though in the childcare field, people are considered guilty
until proven innocent. Regardless of why someone fields an allegation,
the impact of having even one such a charge can easily wipe out your
business and your personal reputation.
That being said, I think there`s a viable business involving infant
care, as long as you`re VERY clear on what you`ll offer, how you`ll
offer it, under what conditions, and with what precautionary systems
you`ll have in place. That means a large part of your startup budget
perhaps being assigned to attorney consultation.
I`m not sure if there are attornies who specialize in something like
this, and that too, would be part of your research. What`s your own
personal background, and how did you become inspired with this idea?