Starting a Daycare Business, How to Start a Daycare Business. As the number of two-income households increase, more and more people are relying on day care centers to look after their children as they go about their ... www.powerhomebiz.com/vol40/daycare.htm - 55k - Cached - Similar pages - Note this Amazon.com: Start Your Own at Home Child Care Business: Books ... Amazon.com: Start Your Own at Home Child Care Business: Books: Patricia C. Gallagher by Patricia C. Gallagher. www.amazon.com/Start-Your-Home-Child-Business/dp/0943135087 - 192k - Cached - Similar pages - Note this Amazon.com: Start Your Own Child Care Service (Start-Up Series ... Amazon.com: Start Your Own Child Care Service (Start-Up Series): Books: Entrepreneur Press,Jacquelyn Lynn by Entrepreneur Press,Jacquelyn Lynn. www.amazon.com/Start-Your-Child-Service-Start-Up/dp/1891984284 - 210k - Cached - Similar pages - Note this More results from www.amazon.com » McGraw-Hill Education Europe Start Your Own Child-Care Service, 2/e: Your Step by Step Guide to Success Jacquelyn Lynn. ISBN13: 9781599180151, ISBN10: 1599180154, ... www.mcgraw-hill.co.uk/html/1599180154.html - 37k - Cached - Similar pages - Note this Start A Home Child Care Business or Baby Sitting Service Start Your Own Child Care Business,. Baby. Sitting. Service. Does this sound like your dream, but you simply don't know where to begin? Great news. childdaycarebusiness.homestead.com/ChildDayCareBusinessStartUpGuide.html - 33k - Cached - Similar pages - Note this Home Child Care Regulations How to Start Your Own Child Care Center - Home Child Care Regulations -. The Starting a Child Care Center Start-Up Guide is a step-by-step guide which. www.kyrgyzinvest.org/home_child_care_regulations.html - 2k - Cached - Similar pages - Note this
Child Care Center Grants How to Start a Record Label How to Start Your Own Child Care Center - Child Care Center Grants -. Just released: New Child Care Center Starter-Kit contains. www.kyrgyzinvest.org/child_care_center_grants.html - 2k - Cached - Similar pages - Note this
More results from www.kyrgyzinvest.org » Midwest Child Care Association MCCA is here to help you and even hold your hand, if necessary, so you can start your own child care business in your home. Get Started. www.childcarene.org/ - 5k - Cached - Similar pages - Note this
Caregiver Aids: Business Forms for Child Care Providers For this and other valuable products to help you start your own child care business, please click here to visit our all new Online Catalog. Caregiver Aids: www.childcare.net/products/aids.shtml - 93k - Cached - Similar pages - Note this Childcare.net's Online Catalog If you're looking for a quick how-to guide to give you some idea of what you need to do to start your own child care business, this Starting a Child Care.
- Going into Daycare Business
- Starting a Daycare Business
- Managing Your Daycare Business
- Daycare Business Requirements and Needs
- Should You Go Into Daycare Business?
- Entrepreneur Checklist
- Your Daycare Business Plan
WASHINGTON- Today, Dave Obey, Chairman of the Appropriations Committee and the Subcommittee on Labor, Health and Education, made the following statement during the debate on the FY2008 Labor, Health and Education Appropriations Bill. “To discourage abortions, instead of lecturing, we provide a $1.4 billion package of incentives to provide real world help to women through expanded Head Start, Child Care, Domestic Violence Programs, Maternal and Child Health Care, Family Planning and Abstinence Programs.
• Daycare business Starter Kit • Concept • Daycare business plan • Daycare business opportunities • Attracting customers • Managing your daycare business • Growing your business • Sample Daycare Service Agreement • Competitors • Tutorial • Newsletter • Loans • Taxes • Success stories •
Free forms • Free advice • Business plan guidelines
May 2003
FINDING FINANCING FOR YOUR SMALL BUSINESS
TAKES TIME, SAVVY, SKILL
Finding money to operate a small business takes time, savvy, skill and a big dose of
reality, according to Hedy Ratner, co-president of the Women’s Business Development Center
(WBDC), the Chicago-based organization which provides consulting, entrepreneurial training
seminars, loan packaging and financial counseling to women who want to start or expand a
business.
“Far too many business owners waste time and money pursuing inappropriate financing
avenues for their businesses,” affirms Ratner, whose organization is one of the largest women’s
small business assistance centers in the United States. “There are many mis-conceptions about
what it takes to get a loan and where to get one, but there is also a great deal of assistance
available, like that offered by the WBDC, to help women in need of funding.”
The most common myths which women have about obtaining business financing in
today’s business climate are the following:
* Myth No. 1: Government grants are available for start-up businesses. This is false.
“The government does not provide grants for start-up businesses,” says Ratner. “But the
government does fund organizations, such as the WBDC, which can help start-up businesses
identify sources of financing and help in obtaining financing.”
* Myth No. 2: Your personal credit history will not affect your ability to obtain a loan for
your small business. Also false. Your personal credit history is a key factor that lenders use
to assess your credit worthiness. It is one of the only ways that lenders can analyze the
likelihood that you will repay the money you are borrowing.
* Myth No. 3: Preparing a loan package is just a matter of documenting the money you
need. False. Loan packages need to reveal more than just the money you need for your
business, it must show how you will repay that loan. The past record of your business, your
experience, the growth potential of the industry, your existing and pending customers, a
second source of repayment are all taken into consideration by lenders in determining if you
can repay a loan. Lenders often speak of the “five C’s” of credit: the Capacity to repay the
loan, the Capital you have invested in the business, the Collateral (business or personal) you
bring to the deal, the Conditions or intended purpose of the loan, and your Character and
whether you’re likely to repay the loan. “A business plan is the umbrella document for a
loan package,” says Ratner, “and a practical tool you can use to monitor the evolution of your
business.”
* Myth No. 4: When seeking a business loan, it is a good idea to apply to as many lenders
as possible. Wrong. The WBDC discourages women business owners from reaching out to
several banks or micro-lenders simultaneously. Multiple ‘inquiries’ on your credit record
raise a red flag to bankers that you are shopping around. Instead, the WBDC encourages
women to use the time to prepare a loan package that truly reflects your needs and the ability
to repay, and then approach, one by one, only those funders with the best prospects of being a
match.
* Myth No. 5: Equity investments are only for multi-million-dollar enterprises. False.
Equity investments can be small amounts of money that family and friends invest in your
company. These are called First Stage Equity Investments. When an individual or institution
invests in your company, they are making a capital contribution to your business. In return,
they own and have control over some portion of the business. “The WBDC financing staff
helps women determine if seeking equity capital is right for their business,” states Linda
Darragh, vice president of the WBDC. Other stages of equity investors include Second Stage
or “angel” investors (people who understand your type of business); and Third Stage and
Fourth Stage investors (early stage and later stage investment capital firms).
* Myth No. 6: Banks are the first source of capital that small business owners should
cultivate. False. While banks are the most obvious source of capital, a bank loan may not
be right for everyone. For example, through the WBDC and its Child Care Business
Initiative, micro-loans are available for child care businesses that ordinarily would not be
considered a good credit risk by a bank. The WBDC partners with ACCION, a micro-lender,
to provide loans to small businesses.
Ratner cautions that before you go to any financing sources, you should be fully
prepared. Have a business plan, organized business documents, realistic projects, a presentable
credit history and impeccable financial statements, she says.
WBDC Resources Available to Women Business Owners
WBDC web site. Visit the WBDC web site at www.wbdc.org, click on “Tools and Resources,”
then on “Finance Your Business.” There is an incredible amount of information available,
including financing fundamentals, how to attract investors, information about equity
investments, developing a business plan, and a loan package checklist.
WBDC workshops. The WBDC offers numerous workshops and seminars throughout the year
to help women business owners learn more about the fine art of obtaining financing. They
include: Take the Mystery Out of Obtaining Financing; Business Financials; Financial Analysis
I and Financial Analysis II. Seminars are available at the annual Entrepreneurial Woman’s
Conference held each September and the Child Care Business Expo held each June. At the
Entrepreneurial Woman’s Conference, the Women’s Business and Buyers Mart offers an
opportunity for women to meet face-to-face with corporate and government buyers.
WBDC High Growth Venture and Investment Program. This program produces Springboard
Midwest, a venture capital forum and assistance program for women who run high-growth
companies. Thanks to this national initiative, more than $1 billion has been raised nationwide in
venture capital for women. Seminars on friends and family and early stage equity financing are
offered throughout the year.
Headquartered in downtown Chicago, the WBDC offers programs and workshops that include one-on-one counseling in all
aspects of business development, entrepreneurial training, loan packaging, procurement assistance and Women’s
Business Enterprise certification.
The Women’s Business Development Center is located at 8 S. Michigan Avenue, Suite 400, Chicago,
Illinois 60603. Information can be obtained on-site as well as by calling (312) 853-3477, ext. 0, or by logging onto
their web site at www.wbdc.org.
Home >
Start your own child care
