Question

Rachel is starting a daycare business at her home in a suburban area. which professional should she contact first before starting? her cpa to determine if she can claim a tax deduction for her business her insurance agent to increase the policy for coverage on the equipment and business activities on site the city's planning and zoning board to make sure she can have a business in her home all of the professionals are equally important and should be contacted before she starts the business

Answer 1

Answer

The city’s planning and zoning board to make sure she can have a business in her home can be the first step to take when starting a daycare business at a home in a suburban area.

Explanation

The first step when starting a daycare centre is to learn about licensing. This can be through contacting the state Daycare Licensing Agency. The license will shed some light on the physical space, health requirement, fire regulation and your educational training requirements. This will be followed by identifying existing services, creating a business plan, choosing a location for the business, purchasing insurance for property and liability coverage and the marketing the center.A quick checklist can be;

• Identifying the type of centre(home/commercial)

• Knowing the license you require

• Checking your certificates and training

• Checking the target area

• Choosing an appropriate location

• Observing the legal requirements which include zoning.

• Estimating the financial requirements

• Health and safety issues

• Developing the program

• Checking adequacy of equipment

• Insurance

• Staffing

• Community and professional links.