Some mistakes that I made, but rectified:

Not having a detailed enough contract. Mine started as 1.5 pages and progressed to 10, because every time I got burned by a parent I changed and added things!
Not requiring a deposit. I agree with DaisyMama - 1-2 weeks NONREFUNDABLE deposit.
Holding spots with no money paid up front, or holding spots for an extended period of time for a small fee. NEVER AGAIN.
Getting paid after care rather than prior to care. ALWAYS get paid prior to giving any care, and no pay, no play.
Not requiring extra breastmilk/formula in case an infant has an extra hungry day.
Trying to get SA's to do homework right after snack time. They definitely need to play outside first and do homework afterward.

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