Developing Your Family Child Care Business

KEY INFORMATION
DYFCCB
Office Location

MCC-Penn Valley      
Francis Institute for Child and Youth Development      

3201 Southwest Trafficway   
Kansas City, MO 64111      

Phone:              816.604.4347
Toll Free:          866.676.6224 Fax:                  816.759.4527
Email:Joy.Humbarger@mcckc.edu

 

announcements

Look for On-line version of Developing Your Child Care Business in Spring 2013. Preview now!

 
 

Overview

The format of the program, which includes worksheets and tips for completing assignments, is user-friendly and results in a 90% completion rate of Business Plans and Parent Handbooks. Training and evaluation support are available from the Francis Institute for Child & Youth Development.

In partnership with First Step Fund, the Francis Institute was instrumental in the development of the program and has assisted in delivering the program since its inception in 1996. Currently 149 sites are certified to teach Developing Your Family Child Care Business™ or Desarrollando Su Negocio Cuidando a Niños en el Hogar™ programs. Over 1,800 individuals participated in this comprehensive training program last year.

Who Utilizes this Curriculum?
Developing Your Family Child Care Business™programs (both in English and Spanish), are now being used by partners representing a variety of organizations including:
  • Microenterprise Organizations
  • Small Business Development Centers
  • Economic and Community Development Agencies
  • Women and Minority Business Centers
  • Universities and Colleges
  • Child Care Resource and Referral Agencies


Developing Your Family Child Care Business™ Program Outline
(Click on each module to view description)

 

  • Distinguish among the roles played by a family child care business owner.
  • Write and evaluate a business concept statement.

 

  • Identify critical personnel and resource team solutions.
  • Choose an appropriate legal structure.

 

  • Identify family child care business features and benefits.
  • Determine governmental and professional licensing requirements.

 

  • Profile the local child care industry and identify trends.
  • Define target market.
  • Determine the business' direct, indirect, and future competition and its distinctive services.

 

  • Identify market advantages/disadvantages related to the business location.
  • Develop promotional strategies.
  • Begin the process of pricing services.

 

  • Identify costs associated with running a family child care business.
  • Learn to use basic accounting tools such as cash flow statement, income statement, and balance sheet.
  • Project income based on pricing.

 

  • Set policies for operating the child care business.
  • Consider entrepreneurial oversight to improve the business.
  • Complete the Business Plan and Parent Handbook.

 

Last Modified: 9/10/12