| One of the first things you need to do after | | | | yourself or from your loved ones, then a bank |
| deciding to start your own daycare center is to | | | | loan might be in order. Bank loans carry interest |
| find the money to do so. Sources of finance are | | | | and monthly payments, but once your daycare is |
| various and each has its own pros and cons. | | | | off the ground, you should be able to make your |
| Choosing the best one is imperative to have a | | | | payments. Make sure to arrange your payments |
| smooth beginning to your business. | | | | so that you can make them each month. |
| 1. Personal Money - If you have enough money | | | | 4. Daycare Grants - Daycare grants are hard to |
| to start a daycare, you're in excellent shape. You | | | | come by but not impossible. Each year, the US |
| don't need anyone else to get started. A daycare | | | | government as well as local and private |
| doesn't cost much to set up so if you have some | | | | foundations give away grants for small businesses. |
| spare cash, it's the quickest way. | | | | You can capitalize on this and use some of this |
| 2. Friends and Family - If you have family | | | | money to open and develop your daycare. The |
| members or friends who you think will be willing | | | | great thing about grant money is that you don't |
| to help you get started with your daycare then | | | | need to pay it back. It takes a bit of work to |
| don't be afraid to ask. Make it clear that you will | | | | apply to these grants, but once you get them it's |
| pay the money back. Make sure to keep your | | | | worth it. |
| request casual to avoid exerting pressure on your | | | | Whichever way you find to finance starting your |
| relationships. | | | | day care center, I wish you the best of luck. It's |
| 3. Bank loans - If you can't find the money | | | | a wonderful business to be involved in. |