Daycare.com Forum Force of Nature Disinfectant

Go Back   Daycare.com Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 10-16-2012, 03:43 AM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default Big Decision

Would you quit home daycare if you didn't technically NEED the money any more?

I'm in a position to do just that. I have a way to work from home with flexible hours to make the amount of money that we do need to cover bills, so that we could survive without daycare. I'd be able to stay home with my own SA kids and be here before and after school, on school closure days, etc, and still cover the bills and necessities. AND we'd have our house back .

My only hesitation is the luxury of having more than enough right now -- I hate to give that up. We are able to order out, do last-minute car maintainence, pay for school trips, have lots of of "mad money", etc., right now with daycare. My main concern is giving up that freedom. We'd still have wiggle room, but not nearly as much.

Would you ladies do it? I could close for the end of December. I'm thinking that the benefits of having our tiny house back to ourselves, being able to help at school, taking kids to appointments, etc., is worth losing the luxuries -- and I think I'm hoping you guys will say the same thing .

BUT, is it a wise decision? What would you guys do?
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #2  
Old 10-16-2012, 03:54 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 12,602
Default

Personally, I'd continue working and put as much as I can in an IRA and educational IRA's for my kids.

Lifes circumstances change in an instant and rarely come with warning.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
  #3  
Old 10-16-2012, 04:10 AM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default

Quote:
Originally Posted by Cat Herder View Post
Personally, I'd continue working and put as much as I can in an IRA and educational IRA's for my kids.

Lifes circumstances change in an instant and rarely come with warning.
Yeah, that was a thought that occurred to us. We've got RRSP's and RESP's going with hubby's paycheck, but obviously we could always be contributing more. My thought was that I could be working hard now and putting money away for the kids' school (which is our primary concern) and miss the time with them while they're still here, or I could work my butt off when they're older and about to leave for school (in about 6 years).

FTR, we live in an area where I could go back to daycare and probably fill all my spots (max. is 5) within 2 months, if something terrible happened or if it just wasn't working out. I would be selling all of my daycare stuff though, so I'd have to do without or restock if I had to go back to doing it.

Hubby's job is relatively secure (but of course, that's never carved in stone) -- he has great benefits and gets a huge amount of severance (a year, I believe?) if he was ever let go. And of course, we live in Canada, so if something medical came up, it wouldn't bankrupt us .

But then, maybe I'm just trying to justify quitting?
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #4  
Old 10-16-2012, 04:21 AM
DaisyMamma's Avatar
DaisyMamma DaisyMamma is offline
Advanced Daycare.com Member
 
Join Date: May 2011
Posts: 2,239
Default

Perhaps you can just downsize the daycare and only take a couple of teacher's children? That way you have that extra income and alone time with your kids.
But, would you be able to do the work at home job with 2 dck?

Hard choice. I'm all for more time with your own kids though.
Reply With Quote
  #5  
Old 10-16-2012, 04:37 AM
My3cents's Avatar
My3cents My3cents is offline
Daycare.com Member
 
Join Date: Jan 2012
Location: USA
Posts: 2,842
Default

I think I would keep on doing it. Maybe hire someone for days that I wanted off and extra help.

I like doing what I do. I like having a self purpose. I like the money.

If I was burned out, yes I would quit. I might have crummy days here and there but I am not burned out and like doing what I do.
Reply With Quote
  #6  
Old 10-16-2012, 04:54 AM
seebachers's Avatar
seebachers seebachers is offline
Mostly lurking member
 
Join Date: Jan 2012
Location: Northeast Ohio
Posts: 117
Default

I think i would just back off on the number of kids I was taking, be selective about who I wanted to keep and continue to bring in the "extra" income to be safe.
Reply With Quote
  #7  
Old 10-16-2012, 04:57 AM
bunnyslippers's Avatar
bunnyslippers bunnyslippers is offline
Daycare.com Member
 
Join Date: Jan 2012
Posts: 981
Default

I would close my daycare in a HEARTBEAT. If we could swing it financially, this place would be closed!!!!!!!
Reply With Quote
  #8  
Old 10-16-2012, 05:17 AM
dave4him's Avatar
dave4him dave4him is offline
Advanced Daycare.com Member
 
Join Date: Oct 2011
Posts: 1,336
Default

My wife would love to have the house back and me just be at home with the kids, we just have way to much we have to pay off and its going to take all the daycare income i can get.
__________________
"God said, I have found David son of Jesse, a man after my own heart. He will do everything I want him to do.'"
Acts 13:22
Reply With Quote
  #9  
Old 10-16-2012, 05:18 AM
e.j.'s Avatar
e.j. e.j. is online now
Daycare.com Member
 
Join Date: Dec 2010
Posts: 3,473
Default

Quote:
Originally Posted by bunnyslippers View Post
I would close my daycare in a HEARTBEAT. If we could swing it financially, this place would be closed!!!!!!!
Same here. I love the kids and families I have. Compared to many of you, I've been very lucky over the years and have had relatively few "problem" clients. I'm just tired of dealing with state regulations, paperwork, unannounced inspections, etc. It would be great to have my home back, though, and I know my kids would be thrilled! They're older now but still ask me to stop doing day care so I'd love to do that for their sakes.
Reply With Quote
  #10  
Old 10-16-2012, 05:22 AM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default

Quote:
Originally Posted by bunnyslippers View Post
I would close my daycare in a HEARTBEAT. If we could swing it financially, this place would be closed!!!!!!!
If anyone else had asked the same question, that's what my answer would be too!

This is a great gig, but I'm doing it for the $$, not as a career. If I don't need the $$ anymore, what's left? Except for a huge imposition on our space and time .
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #11  
Old 10-16-2012, 05:53 AM
wahmof3's Avatar
wahmof3 wahmof3 is offline
Daycare.com Member
 
Join Date: Oct 2011
Location: Ohio
Posts: 803
Default

I would close down too!

I dearly love all of my kids & have finally worked out all of the issues with the family I have been struggling with, but given the opportunity I would close.

I would find a part time job if needed, but you wouldn't have to ask me twice.
Reply With Quote
  #12  
Old 10-16-2012, 06:06 AM
countrymom's Avatar
countrymom countrymom is offline
Advanced Daycare.com Member
 
Join Date: Aug 2010
Location: ontario canada
Posts: 4,756
Default

I wouldn't close yet, maybe try the other job too. See if you like it. I'm assuming that your own kids are younger. well let me tell you, your going to want the other income. I find its the stupid stuff that is costing me money. Also do your children take activities, maybe use the extra cash for activities.
Reply With Quote
  #13  
Old 10-16-2012, 06:22 AM
SquirrellyMama's Avatar
SquirrellyMama SquirrellyMama is offline
New Daycare.com Member
 
Join Date: Mar 2012
Location: Iowa
Posts: 554
Default

I would say to close down and take a break. If you can fill spots quickly then maybe restart in a year or two.

I also think the idea of reducing your numbers would be a another good option.

K
__________________
Homeschooling Mama to:

dd12
ds 10
dd 8
Reply With Quote
  #14  
Old 10-16-2012, 06:24 AM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default

Quote:
Originally Posted by countrymom View Post
I wouldn't close yet, maybe try the other job too. See if you like it. I'm assuming that your own kids are younger. well let me tell you, your going to want the other income. I find its the stupid stuff that is costing me money. Also do your children take activities, maybe use the extra cash for activities.
It's a business that I ran before daycare, and I would have to make sure it'll make as much money as I need it to, of course. I really enjoy it, and I believe there's a market for it in our town.

My youngest is 5, in school full-time, which would allow me the kid-free time I need to really work hard, advertise and meet with clients for this other business.

Our kids' extra-curriculars are only $150/year total, which is quite affordable. The extras (school hot lunches, trips, etc.) have always been covered by my husband's paycheck.
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #15  
Old 10-16-2012, 06:42 AM
littlemissmuffet's Avatar
littlemissmuffet littlemissmuffet is offline
Advanced Daycare.com Member
 
Join Date: Jan 2011
Location: Canada
Posts: 2,081
Default

I love what I do, but I think the primary reason for that is because I get to be home. If I could successfully run another business from home that was less hours, less stressful and covered necessities, I would close my daycare in a heartbeat.

I have one bit of advice - don't sell your daycare stuff until your other business is off the ground, and you've been doing it awhile. This way, if you do need to go back to daycare, you'll still have your old stock.
Reply With Quote
  #16  
Old 10-16-2012, 07:24 AM
MyAngels's Avatar
MyAngels MyAngels is offline
Member
 
Join Date: Aug 2010
Posts: 4,101
Default

I didn't read everyone else's replies, but I did use an online calculator to figure this this:

$800/month at a compound interest rate of 3% over six years amounts to $63,181.07. Historically most 529 plans earn a better rate than that, but I figured I'd be conservative.
Reply With Quote
  #17  
Old 10-16-2012, 07:40 AM
Childminder's Avatar
Childminder Childminder is offline
Advanced Daycare.com Member
 
Join Date: Oct 2009
Location: MI
Posts: 1,499
Default

SLAM!!! That would be the sound of my door closing on daycare. I'm tired and ready to say Adios!
__________________
I see little people.
Reply With Quote
  #18  
Old 10-16-2012, 08:01 AM
wahmof3's Avatar
wahmof3 wahmof3 is offline
Daycare.com Member
 
Join Date: Oct 2011
Location: Ohio
Posts: 803
Default

Quote:
Originally Posted by Childminder View Post
SLAM!!! That would be the sound of my door closing on daycare. I'm tired and ready to say Adios!


ME TOO!!!!
Reply With Quote
  #19  
Old 10-16-2012, 08:06 AM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default

Quote:
Originally Posted by Childminder View Post
SLAM!!! That would be the sound of my door closing on daycare. I'm tired and ready to say Adios!
Lol!

Hang in there! Is there any way you can restructure to reduce the stress/tiredness?
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #20  
Old 10-16-2012, 08:45 AM
Soccermom's Avatar
Soccermom Soccermom is offline
Dazed and confused...
 
Join Date: Mar 2012
Location: PEI
Posts: 625
Default

Quote:
Originally Posted by DBug View Post
Would you quit home daycare if you didn't technically NEED the money any more?

I'm in a position to do just that. I have a way to work from home with flexible hours to make the amount of money that we do need to cover bills, so that we could survive without daycare. I'd be able to stay home with my own SA kids and be here before and after school, on school closure days, etc, and still cover the bills and necessities. AND we'd have our house back .

My only hesitation is the luxury of having more than enough right now -- I hate to give that up. We are able to order out, do last-minute car maintainence, pay for school trips, have lots of of "mad money", etc., right now with daycare. My main concern is giving up that freedom. We'd still have wiggle room, but not nearly as much.

Would you ladies do it? I could close for the end of December. I'm thinking that the benefits of having our tiny house back to ourselves, being able to help at school, taking kids to appointments, etc., is worth losing the luxuries -- and I think I'm hoping you guys will say the same thing .

BUT, is it a wise decision? What would you guys do?
I would quit in a heartbeat !
Reply With Quote
  #21  
Old 10-16-2012, 09:11 AM
cheerfuldom's Avatar
cheerfuldom cheerfuldom is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 7,414
Default

I would quit too, tomorrow if I could. This is not an option though with four children under 5. If I can swing it when they are school age, I will absolutely close.

But is downsizing an option for you OP?
Reply With Quote
  #22  
Old 10-16-2012, 09:32 AM
laundrymom's Avatar
laundrymom laundrymom is offline
Advanced Daycare.com Member
 
Join Date: Nov 2010
Posts: 4,222
Default

I wouldn't. I don't " have" to work. But the extra 1400-1500a week is nice. We put half our weekly income in savings. I want more than to get by. We live as cost effectively as we can. Dh puts Max into his 401 each check and we have my income direct to seperate savings accounts.
Reply With Quote
  #23  
Old 10-16-2012, 09:34 AM
PolkaTots's Avatar
PolkaTots PolkaTots is offline
Extreme Multi-tasker
 
Join Date: Sep 2011
Location: Midwest
Posts: 245
Default

I've been contemplating the same thing for awhile now. I have been providing child care for 5 years. While there are things I love about it, they are just as many things that I don't like. I know this is not what I want to do for the rest of my life. I have a crew of 6 now, and have decided to let the hardest 2 go this month. That way my days are a little easier and I still have the extra income. I will stay open until school lets out in June. This way I can spend the entire Summer with just my children. I haven't done that for years. With the extra savings of working until then, we are going to take a fun vacation. I am actually very excited about it! When school resumes in the Fall, I thought about going back to school or maybe even returning to the working world part time while the kiddos are in school. I guess we will just have to see

Good luck with your decision!
Reply With Quote
  #24  
Old 10-16-2012, 10:19 AM
EntropyControlSpecialist's Avatar
EntropyControlSpecialist EntropyControlSpecialist is offline
Embracing the chaos.
 
Join Date: Mar 2012
Location: A toasty environment!
Posts: 7,430
Default

I guess it comes down to asking yourself what do you value? More quality time with your family (which means sacrifice) or more materialistic things (which there is nothing wrong with in moderation)?
Reply With Quote
  #25  
Old 10-16-2012, 10:22 AM
momofboys's Avatar
momofboys momofboys is offline
Advanced Daycare Member
 
Join Date: Dec 2009
Posts: 2,434
Default

Quote:
Originally Posted by DBug View Post
. [B] My thought was that I could be working hard now and putting money away for the kids' school (which is our primary concern) and miss the time with them while they're still here, or I could work my butt off when they're older and about to leave for school (in about 6 years). [/b]FTR,came up, it wouldn't bankrupt us .

But then, maybe I'm just trying to justify quitting?
What I highlighted above would be enough motivation to do exactly what you want to do! It is a tough choice but I am all for spending more time with family if you can.
Reply With Quote
  #26  
Old 10-16-2012, 10:39 AM
jojosmommy's Avatar
jojosmommy jojosmommy is offline
Advanced Daycare.com Member
 
Join Date: Jan 2011
Location: MN
Posts: 1,105
Default

Because I am a Dave Ramsey nerd I would say that unless you have all your debts paid off, no car loans, no cc debts, no med bills, no misc school debts etc you should work to pay those things off. If you are spending money on fun things like you mentioned and want the time with the kiddos I would stop spending money on the extras for 3 months. See what it feels like to not have that money. Use the fun money you are currently earning to pay off some of the above mentioned debts or put it in savings if you don't have those debts. Then after three months of living like you will when you no longer have daycare income (ie less spending money, less luxury money) you can make a fair decision.

I personally would work to pay debts, then cut back on kiddos, maybe only take a 3-4 day a week kiddoor two so you have one or two days with your own but still have some income for yourself and those luxuries you mentioned.
Reply With Quote
  #27  
Old 10-16-2012, 10:48 AM
jokalima's Avatar
jokalima jokalima is offline
Daycare.com Member
 
Join Date: May 2012
Location: Connecticut
Posts: 474
Default

I would close, time with fam is more important to me. I get really stressed with the DC and so does my son, the only reason I have not done that is because of the income, but I beat myself about it constantly because I think I am doing the wrong thing for my son, but again he has to eat and needs a roof, I would close...

What job are you going to be doing?
Reply With Quote
  #28  
Old 10-16-2012, 10:48 AM
daycarediva's Avatar
daycarediva daycarediva is offline
Daycare.com Member
 
Join Date: Jul 2012
Posts: 11,471
Default

Quote:
Originally Posted by seebachers View Post
I think i would just back off on the number of kids I was taking, be selective about who I wanted to keep and continue to bring in the "extra" income to be safe.
That is what I would do. I like PP's suggestion about teachers kids as well! If I could afford to, I would NOT be taking myself to capacity. I love these kidlet sooo much though, even if I won the lottery tomorrow I would see them all to Kindergarten before I quit.
Reply With Quote
  #29  
Old 10-16-2012, 11:21 AM
Childminder's Avatar
Childminder Childminder is offline
Advanced Daycare.com Member
 
Join Date: Oct 2009
Location: MI
Posts: 1,499
Default

Quote:
Hang in there! Is there any way you can restructure to reduce the stress/tiredness?
After watching children for 47 years and restructuring many times I would walk away without one regret. As they say...Been there done that. No particular stress but always tired. Old, very old person.

I did just terminate a little sociopathic turd though so my time left should be easier. He will probably return some night and kill me in my sleep.
__________________
I see little people.
Reply With Quote
  #30  
Old 10-16-2012, 11:57 AM
MNMum's Avatar
MNMum MNMum is offline
Daycare.com Member
 
Join Date: Jul 2011
Location: Minnestoa
Posts: 598
Default

Quote:
Originally Posted by childminder View Post
after watching children for 47 years and restructuring many times i would walk away without one regret. As they say...been there done that. No particular stress but always tired. Old, very old person.

I did just terminate a little sociopathic turd though so my time left should be easier. he will probably return some night and kill me in my sleep.
lmao! Little sociopathic turd!
Reply With Quote
  #31  
Old 10-16-2012, 12:16 PM
nanglgrl's Avatar
nanglgrl nanglgrl is offline
Daycare.com Member
 
Join Date: Jul 2012
Location: Iowa
Posts: 1,632
Default

I would close too. It's sad to me that the majority of providers would close if given the chance. I do understand of course but in reinforces the reason I've never sent my children to daycare. It takes over our lives and a lot of times the bad outweighs the good. I've often dreamed of winning the lotto (fat chance since I don't even play) and then I contemplate what I would do with my daycare and decided I would give 2 weeks notice but would give the parents money if they could find someone sooner!
Reply With Quote
  #32  
Old 10-16-2012, 12:19 PM
mema's Avatar
mema mema is offline
Daycare.com Member
 
Join Date: Jul 2011
Location: It's hot, no cold, no hot :)
Posts: 1,873
Default

I would!!! I would really like my house back and so would my kids. I have looked into a few houses in our neighborhood to use as a daycare house, but really I don't have enough to make another house payment.
Reply With Quote
  #33  
Old 10-16-2012, 12:41 PM
SquirrellyMama's Avatar
SquirrellyMama SquirrellyMama is offline
New Daycare.com Member
 
Join Date: Mar 2012
Location: Iowa
Posts: 554
Default

Quote:
Originally Posted by nanglgrl View Post
I would close too. It's sad to me that the majority of providers would close if given the chance. I do understand of course but in reinforces the reason I've never sent my children to daycare. It takes over our lives and a lot of times the bad outweighs the good. I've often dreamed of winning the lotto (fat chance since I don't even play) and then I contemplate what I would do with my daycare and decided I would give 2 weeks notice but would give the parents money if they could find someone sooner!
I think most people would quit their job if they didn't need the money. I think a lot of people would also change professions if they didn't need the money from their current job. I don't think it is unique to childcare.

K
__________________
Homeschooling Mama to:

dd12
ds 10
dd 8
Reply With Quote
  #34  
Old 10-16-2012, 01:10 PM
Country Kids's Avatar
Country Kids Country Kids is offline
Nature Lover
 
Join Date: Mar 2011
Posts: 5,043
Default

I have four friends that are all have done childcare for awhile now. They are all filing for divorce-. Just ironic to me that they all have the same profession. I wonder what the rate of divorce is among childcare providers?

Childcare is stressful for everyone in the family. Your family comes first and if you have the chance to not do it then go for your dream. I love my job even though I do have days but it stresses my family alot. We (hubs and I) are looking at way to make changes but its not always easy.
Reply With Quote
  #35  
Old 10-16-2012, 04:12 PM
Unregistered
Guest
 
Posts: n/a
Default

I envy you having a job you could do from home and make enough money! I want to find a job like that...LOL! My husband is semi-retired although his part-time job ties up his whole day and I'd like to semi-retire too from daycare...unfortunately, my income is what keeps everything going well and allows us to have a little spending money...

I would like to have a job from home where I could make enough money to gradually quit daycare in a year or two... I would certainly downsize to only 2 or 3 instead of 5.

If we hadn't had an ******* run a stop sign in September and total our car, I wouldn't be in even more debt now since I had to buy a new one and the settlement didn't cover the price of a new one so that just drove another nail into the old debt coffin...

I too think maybe you should just downsize gradually until you see if your business will take off and give you the income you want/need...good luck!!
Reply With Quote
  #36  
Old 10-16-2012, 06:00 PM
DBug DBug is offline
Daycare Member
 
Join Date: Oct 2009
Location: Ontario, Canada
Posts: 934
Default

Quote:
Originally Posted by jojosmommy View Post
Because I am a Dave Ramsey nerd I would say that unless you have all your debts paid off, no car loans, no cc debts, no med bills, no misc school debts etc you should work to pay those things off. If you are spending money on fun things like you mentioned and want the time with the kiddos I would stop spending money on the extras for 3 months. See what it feels like to not have that money. Use the fun money you are currently earning to pay off some of the above mentioned debts or put it in savings if you don't have those debts. Then after three months of living like you will when you no longer have daycare income (ie less spending money, less luxury money) you can make a fair decision.
This is kind of what we're planning to do in the short-term future. There are two small loans I need to pay off within the next few weeks, and then we want to bank the rest of it until I do actually close. That money would be available if we need it until this other business (design & printing) gets going. It would also put us in the position of not having any "fun money" from now on, and it would give us an idea of whether it's feasible.

For those that have suggested downsizing, I'm hesitant to do that because I would have to give up all of the full-timers I have now and interview for those willing to come only 2-3 days/week, and that seems impractical for something that could be temporary. I could downsize the number of full-timers I have, from 5 to 2 or 3, but I'd still be working the same number of hours, for less money . And really, if I keep doing daycare in any format, we'd still be sharing the house, I'd still be missing appointments, school assemblies, etc., and I still wouldn't have a whole lot of time to develop the printing company.

I could see converting the house back to a home, and then offering to do drop-in or occasional care for other providers who need a sub, or for parents who only need care once in awhile.

I think we'll do our "trial period" of not using daycare money for anything and see how it goes. I'd like to make a decision by the end of the month so that I can give two months notice for the end of the year. My contract only requires two weeks though. How much notice would you guys give?
__________________
www.WelcomeToTheZoo.ca
Reply With Quote
  #37  
Old 10-16-2012, 08:00 PM
Crystal's Avatar
Crystal Crystal is offline
Advanced Daycare.com Member
 
Join Date: Dec 2009
Posts: 3,955
Default

Personally, I wouldn't quit. I have REALLY thought about it, and have had a few REALLY good offers for other positions....that I have turned down.

The thing is, every time I start thinking it's time to wrap things up here (it has been almost 16 years) I look at my children (DCK) and their families and KNOW how much I need to continue working with kids. I LOVE my children and families, so I will quit when I have slowly phased out the children and families who have been with me for up to a decade, and the few infants and toddlers I have now, and THEN I will be done.

BUT....for YOU OP.....I think you already know what you want to do. I feel that if you are confident that you can squeeze it financially, you are comfortable with that and your family is on board, then GO FOR IT!!! Do what is best for YOU and YOUR FAMILY.
Reply With Quote
  #38  
Old 10-17-2012, 09:59 AM
lil angels's Avatar
lil angels lil angels is offline
Advanced Daycare.com Member
 
Join Date: Jan 2011
Posts: 645
Default

I to have thought about it many times. I have as of last month started putting daycare money in savings except what a job that only pays about $10 an hr would give me I would love to go up to the school and be a para or something so I am taking worst case for my income and we are going to try live off of that for the next yr or so. If I decide I think it would be to hard I guess it. Is putting us on a heck of a savings plan.
Reply With Quote
  #39  
Old 10-18-2012, 10:28 AM
thatdivalady's Avatar
thatdivalady thatdivalady is offline
Daycare.com Member
 
Join Date: Oct 2011
Location: Pennsylvania
Posts: 155
Default

Quote:
Originally Posted by nanglgrl View Post
I would close too. It's sad to me that the majority of providers would close if given the chance. I do understand of course but in reinforces the reason I've never sent my children to daycare. It takes over our lives and a lot of times the bad outweighs the good. I've often dreamed of winning the lotto (fat chance since I don't even play) and then I contemplate what I would do with my daycare and decided I would give 2 weeks notice but would give the parents money if they could find someone sooner!
Isn't it sad though? I'll be honest here, I have done the math and I definitely make more money for less hours as a therapist. It's terrible! I make literally 10 times more than what I end up making in day care! lol I think it's especially hard when your numbers are down too. Because even at full capacity I would be making less than half of what I could be making doing therapy.

Overworked, underpaid... Day care is the only business where you can get paid $3.00 per hour (and I charge around 33 per day... which is high for a lot of people) and parents can still say that your services cost too much! I'm ready to start a babysitting business and that way I can charge $10-$15 per hour without a parent even blinking!

What keeps me going is the mission of my business, to provide quality care when parents need it. My primary focus is on non traditional hours. So it keeps me grounded. But I would probably quit doing the direct portion and hire someone to do it if I could afford it.
Reply With Quote
  #40  
Old 10-18-2012, 02:37 PM
AnythingsPossible's Avatar
AnythingsPossible AnythingsPossible is offline
Daycare Member
 
Join Date: Jan 2010
Location: Wyoming
Posts: 799
Default

Quote:
Originally Posted by Childminder View Post
After watching children for 47 years and restructuring many times I would walk away without one regret. As they say...Been there done that. No particular stress but always tired. Old, very old person.

I did just terminate a little sociopathic turd though so my time left should be easier. He will probably return some night and kill me in my sleep.
Too funny!!! Thanks for the laught!!! I think I've had a few of those too
Reply With Quote
Reply

Tags
closing, quitting

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
What Do You Do And How Do You Feel When You Have Made The Decision To Not Continue? mrsp'slilpeeps Daycare Center and Family Home Forum 11 10-13-2012 02:39 PM
The DCB who can't make a decision Bookworm Daycare Center and Family Home Forum 7 08-14-2012 03:26 PM
Best Decision I Ever Made!!! EchoMom Daycare Center and Family Home Forum 13 08-13-2012 04:26 AM
I Made A Decision..... marniewon Daycare Center and Family Home Forum 12 12-07-2010 06:16 AM
HELP...Did I Make the Wrong Decision Letting Go of a Child? Unregistered Daycare Center and Family Home Forum 9 03-07-2010 08:05 AM


All times are GMT -7. The time now is 06:30 PM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming