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Child Care as a Business

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Child Care as a Business

This course is part of Home-Based Child Care Specialization

Instructor: JoLynn Fiorentino

2,104 already enrolled

Included with

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6 modules

Gain insight into a topic and learn the fundamentals.

19 reviews

Beginner level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

6 modules

Gain insight into a topic and learn the fundamentals.

19 reviews

Beginner level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

You’ll learn the basics of operating a quality and nurturing home-based child care center as a business.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

13 assignments¹

AI Graded see disclaimer

Taught in English

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Build your subject-matter expertise

This course is part of the Home-Based Child Care Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 6 modules in this course

This course is targeted toward individuals wishing to run a home-based child care center. It covers topics such as the fundamentals of an in-home childcare setting as a business; the importance of financial management of a child care center; the creation of a child care contract; and an exploration of how to set tuition rates.

Module details

The intention of this module is to introduce you to the Home-Based Child Care Final Project, including the rubric which will be used to score your final project submission.

What's included

2 readings

In this module, we will discuss a home-based childcare business, including how to operate one, based on your state guidelines. We will also discuss the basic needs and start-up costs for running a home-based childcare business.

What's included

3 videos4 readings3 assignments1 discussion prompt

3 videosTotal 31 minutes

Basics of Home-Based Childcare9 minutes
Operating a Home-Based Childcare9 minutes
Start-Up Costs for Home-Based Childcare13 minutes

4 readingsTotal 115 minutes

What Home-Based Childcare Means10 minutes
How to Start a Daycare in Your Home45 minutes
Cost Estimation Model and Family Childcare15 minutes
Family Policy Handbook Section #13: Requirements and Start-up Costs 45 minutes

3 assignmentsTotal 9 minutes

The Basics of Home-Based Childcare3 minutes
Operating a Home-Based Childcare3 minutes
Start-Up Costs for Home-Based Childcare3 minutes

1 discussion promptTotal 10 minutes

Why is a home-based child care setting of interest to you?10 minutes

This module covers how to properly budget your Home-Based Childcare program, including what type of liability insurance you should get, how to pay taxes, filing tax forms, and your responsibilities to your clients.

What's included

4 videos3 readings4 assignments1 discussion prompt

4 videosTotal 21 minutes

Bookkeeping Basics with Tom Copeland w/video15 minutes
Income and Expense1 minute
Your Responsibility to Your Clients and Self-Employed Taxes2 minutes
Insurance Policies2 minutes

3 readingsTotal 95 minutes

What is Taxable and Nontaxable Income?30 minutes
Liability Insurance Types20 minutes
Family Policy Handbook Section #14: Bookkeeping Basics and Insurance45 minutes

4 assignmentsTotal 12 minutes

Bookkeeping Basics3 minutes
Taxable Income3 minutes
Disclosure Responsibilities to Clients3 minutes
Liability Insurance3 minutes

1 discussion promptTotal 10 minutes

Research child care provider insurance policies10 minutes

In Module 4, you will learn how to create a childcare contract and expand on your policy handbook. You will learn what to put into your childcare contract and what additional information goes into your policy handbook. You will learn what resources are available to you as the Home-Based Childcare provider.

What's included

3 videos3 readings3 assignments1 discussion prompt

3 videosTotal 22 minutes

What Goes into a Contract8 minutes
Policy Handbook Contents10 minutes
Childcare.gov Resource Video4 minutes

3 readingsTotal 95 minutes

How to Create a Childcare Contract30 minutes
How to find Resources for your Specific State20 minutes
Family Policy Handbook Section #15: Contracts, including State Resources45 minutes

3 assignmentsTotal 9 minutes

Contract3 minutes
Policy Handbook3 minutes
Resources3 minutes

1 discussion promptTotal 10 minutes

Important Contract Topics10 minutes

In this final course module, you will be learning about pricing structures and how to set your market rates for your Home-Based Child Care center. You will learn how to set your payment terms and your policies including frequency of payment, amount of payment, late fees, and returned check fees. And finally, you will be able to communicate the cost of quality in relation to your pricing.

What's included

3 videos4 readings3 assignments2 discussion prompts

3 videosTotal 10 minutes

Setting Market Rates5 minutes
Setting Policy Terms2 minutes
Cost of Quality3 minutes

4 readingsTotal 125 minutes

How much should you charge for in home daycare?30 minutes
How to Make Payment Policies for Home Daycare30 minutes
The True Cost of High Quality Childcare20 minutes
Family Policy Handbook Section #16: Rate Setting and Invoice Processing45 minutes

3 assignmentsTotal 9 minutes

Rate Setting3 minutes
Payment Terms and Conditions3 minutes
Cost of Quality3 minutes

2 discussion promptsTotal 20 minutes

What are the market rates in your area?10 minutes
What will you take away from this course?10 minutes

For your Home-Based Child Care Capstone Project, you will submit a complete Family Policy Handbook and Business Plan for a home-based childcare business. This includes your cumulative efforts throughout all courses of the specialization, including assignments earlier in this course.