For the up-front expenses of children’s night out business, it will include advertising and promotion as well as any licenses and inspections required for child care facilities. In this case, you will have to obtain special business liability insurance—not all carriers will write policies for child care operations. And if you are running your center at a hotel or on someone else’s property you will likely require worker’s compensation coverage. You will probably have to hire assistants. The assistants are as your help in doing the services. Then, you can consult with an accountant about whether they need to be salaried or can be engaged on a work-for-hire basis. They may also be required to have worker’s compensation coverage. You may have to invest in some toys, games, TVs, and VCRs.
You can charge a flat rate for a specified period of time or an hourly rate with a minimum charge. The rate should include snacks or a meal. Make it clear to clients that your facility is licensed and insured. Parents must be advised beforehand of late fees if they pick up their children later than promised or if you are forced to keep the center open later than its official hours. You should ask for payment by credit card or cash; there is some risk in accepting a check from someone not known to you. Your contract should cover other issues, including legal guardianship of the children. (You should not release a child to anyone other than the parent or legal guardian without advanced written permission.)
Filed under: Business
Trackback Uri