"The world is filled with opportunities just waiting to be found by the energetic and intelligent person who is seeking.”
According to the National Economic Impact of the Child Care Sector study, sponsored by The National Child
Care Association, "By the year 2010 upwards of 85 percent of the labor force will consist of parents, and
the number of working women will exceed working men." This same survey stated that by that same year, "the
U.S. is expected to add another 1.2 million children aged four and under, a 6% increase." The results of
this study along with the statistics from other studies supports the childcare industry as continuing to
be a thriving and growing industry.
Key Childcare Statistics
- $38 Billion Industry
- Children 5 years and under expect to grow, a 6% increase
- 65% revenue from children facilities
The child care industry and children education business is a growing market. This business comes in all sizes
from your small child care home, the small tutoring center to the large commercial day care centers. There are
several education based franchise opportunities offered by well-known educational brands, many of them centered
around either day care or tutoring services.
It is always important to research the opportunities from the company provided literature and through 3rd party sources to help provide you with a well rounded view of the franchise opportunity.
If you are interested in starting a business catered to teaching or caring for kids, here are some simple steps to help you plan and manage your business.
- Before you begin to consider getting into the child care business or the education business for children, be sure to contact your local business development office in your town or region for helpful statistics and resources on the demand for such a business.
- Child care providers may be licensed or exempt. In order to ensure that you follow protocol, it is important to check with your local county and state requirements (Department of Social Services - Child Care Division) to find out the necessary protocol to operate your business legally. You may or may not be required to take additional courses to qualify for opening your business.
- Do not rely on information from other competitors or the internet. Every county and state has its own criteria of what they consider day care and what they consider exempt from being licensed.
- Check with your local city about the type of business license you may require.
- It is always important to conduct a survey of the children center(s) in the area you wish to open. Even if you wish to open a small tutoring center (and not a large commercial day care), it is critical to do your homework and research the competitors in your area. Visit the Bureau of Labor Statistics for more data and statistics about the child care industry http://www.bls.gov/oco/cg/ .
- Write a business plan. Your business plan should include your own mission, goals, operations plan and projected financial goals. Some important factors to consider when developing your business plan include how much time, money and responsibility you are willing and able to invest in your business.
- Begin looking for locations. Be sure to consider traffic and convenience for young families. Locations near residential neighborhoods, schools, shopping centers and office complexes are good places to start. Check with the local zoning laws or visit the planning department of your city and find out the zoning ordinances that would allow for your type of business.
- Check with other departments in the city such as the Fire Department and Building Department to see if you require any approvals from them to open your business. These are all important factors to review and consider in your business plan and budgets.
- Call The Lil’ Genius Kid™ Head Office for more information and a step by step guideline to becoming your own boss! Meet our founder – click here
This Web site and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a Uniform Franchise Disclosure Document (UFDD). Certain states require that we register the UFDD in those states. The communications on this web site are not directed by us to the residents of any of those states. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.