Child Care as a Business
Ends soon! Keep adding new skills with 10,000+ programs for $239 (usually $399). Save now.
Child Care as a Business
This course is part of Home-Based Child Care Specialization
Instructor: JoLynn Fiorentino
2,174 already enrolled
Included with
What you'll learn
You’ll learn the basics of operating a quality and nurturing home-based child care center as a business.
Details to know
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
- 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.
Since a Family Policy Handbook is essential for anyone operating a family day care center, this course includes the development of one of three imperative sections of the handbook. The remaining two sections are created in complementary courses of the Home-Based Child Care series available on Coursera.
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
2 readings•Total 60 minutes
- Family Policy Handbook Introduction to the Final Project for Home-Based Child Care•50 minutes
- Family Policy Handbook: Purpose•10 minutes
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 videos•Total 31 minutes
- Basics of Home-Based Childcare•9 minutes
- Operating a Home-Based Childcare•9 minutes
- Start-Up Costs for Home-Based Childcare•13 minutes
4 readings•Total 115 minutes
- What Home-Based Childcare Means•10 minutes
- How to Start a Daycare in Your Home•45 minutes
- Cost Estimation Model and Family Childcare•15 minutes
- Family Policy Handbook Section #13: Requirements and Start-up Costs •45 minutes
3 assignments•Total 9 minutes
- The Basics of Home-Based Childcare•3 minutes
- Operating a Home-Based Childcare•3 minutes
- Start-Up Costs for Home-Based Childcare•3 minutes
1 discussion prompt•Total 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 videos•Total 21 minutes
- Bookkeeping Basics with Tom Copeland w/video•15 minutes
- Income and Expense•1 minute
- Your Responsibility to Your Clients and Self-Employed Taxes•2 minutes
- Insurance Policies•2 minutes
3 readings•Total 95 minutes
- What is Taxable and Nontaxable Income?•30 minutes
- Liability Insurance Types•20 minutes
- Family Policy Handbook Section #14: Bookkeeping Basics and Insurance•45 minutes
4 assignments•Total 12 minutes
- Bookkeeping Basics•3 minutes
- Taxable Income•3 minutes
- Disclosure Responsibilities to Clients•3 minutes
- Liability Insurance•3 minutes
1 discussion prompt•Total 10 minutes
- Research child care provider insurance policies•10 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 videos•Total 22 minutes
- What Goes into a Contract•8 minutes
- Policy Handbook Contents•10 minutes
- Childcare.gov Resource Video•4 minutes
3 readings•Total 95 minutes
- How to Create a Childcare Contract•30 minutes
- How to find Resources for your Specific State•20 minutes
- Family Policy Handbook Section #15: Contracts, including State Resources•45 minutes
3 assignments•Total 9 minutes
- Contract•3 minutes
- Policy Handbook•3 minutes
- Resources•3 minutes
1 discussion prompt•Total 10 minutes
- Important Contract Topics•10 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 videos•Total 10 minutes
- Setting Market Rates•5 minutes
- Setting Policy Terms•2 minutes
- Cost of Quality•3 minutes
4 readings•Total 125 minutes
- How much should you charge for in home daycare?•30 minutes
- How to Make Payment Policies for Home Daycare•30 minutes
- The True Cost of High Quality Childcare•20 minutes
- Family Policy Handbook Section #16: Rate Setting and Invoice Processing•45 minutes
3 assignments•Total 9 minutes
- Rate Setting•3 minutes
- Payment Terms and Conditions•3 minutes
- Cost of Quality•3 minutes
2 discussion prompts•Total 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.
What's included
1 peer review
1 peer review•Total 60 minutes
- Family Policy Handbook Sections #1-16•60 minutes
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Instructor
Offered by
Explore more from Education
- Status: Free TrialT
The State University of New York
Course
- Status: Free TrialT
The State University of New York
Specialization
- Status: Free TrialT
The State University of New York
Course
- Status: Free TrialT
Tecnológico de Monterrey
Course
Why people choose Coursera for their career
Learner reviews
- 5 stars
85%
- 4 stars
15%
- 3 stars
0%
- 2 stars
0%
- 1 star
0%
Showing 3 of 19
Reviewed on Aug 31, 2024
Great course for parents, baby sitters, nannies and anyone who wants to go into the child care business.
Frequently asked questions
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
More questions
Financial aid available,
¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.