The Basics
It’s time to take a look at your home child care from the perspective of a business person. Home child care providers often find the business side of operating very stressful. By doing a little bit of homework, a great deal of stress can be alleviated. Your knowledge of budgeting and financial planning will be useful now and in the future.
Learning Objectives
After completing this module, you will be able to:
- Develop and apply a parent/provider contract that protects your income
- Create a budget for your household and your family child care business
- Recognize how much revenue you need to provide an income for yourself and keep your business profitable
- Demonstrate the importance of financial planning for the future, including contributing to RRSPs, and saving for holidays and sick time
- Use credit to your advantage
Module Content
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