OP, you need to do some research on the daycare laws in your state.
Then you need to research what family day cares in your area charge, and what services they offer. You also need to see what sort of financial output they make each week to keep their day cares running, and how they manage their businesses.
Then you need to take a good hard look at your skill set, and your husband's skill set, and determine whether either or both of you are suited to work with each other doing nothing but childcare 10 - 12 hours a day, 5 days a week, 52 weeks a year. How do you feel about living where you work?
And then you have to consider if you have what it takes to get people to pay ridiculously high amounts to attend your day care. How much child care experience do you each have? Do either of you have an ECE degree, preferably a Masters?
Just to give you something to consider, I once thought about opening a exclusive infant care family day care. I had 15+ years of experience, mostly with kids under 3. I live in a major metropolitan area. Franchise day cares in my area charged $250/week for infant care with a 1:4 ratio. I decided that I would charge $400/week if I cared for 2 infants, $300/week if I cared for 3.
Then I started to look into what I would have to do to open my little infant care operation, and realized I would be working 16 hour days and buried in paperwork.
Day care is not the easy way to wealth and luxury.
Anonymous
08/29/2013 13:58
Subject: Crazy question
Anonymous wrote:OP sees that people around here have money and wants a chance to get in on it. The problem is she's trying to overcharge for what sounds like a basic in-home daycare. Which may not even be up to code.
And for a childcare provider (and her husband?) who has no experience with childcare.
Anonymous
08/29/2013 13:55
Subject: Crazy question
OP sees that people around here have money and wants a chance to get in on it. The problem is she's trying to overcharge for what sounds like a basic in-home daycare. Which may not even be up to code.
Anonymous
08/29/2013 12:50
Subject: Crazy question
OP, your posts are really bizarre. Do you have any idea what it would take just to get licensed, insured, set up for that many kids in your home and find people willing to pay someone any amount of money who has never run a daycare before? You act like you can just put out a shingle and post an add on Craigslist for someone to come speak Spanish to the kids an hour a week and people will be knocking down your door begging to pay you almost twice what a corporate daycare would cost.