How complicated is it to start offering neighbors to bring their children to our home to be babysat while the parent is working? What activities can the children engage in while the parent is away?
What is the typical hourly or weekly rate charged for such a service? Can a decent income be made from a babysitting / daycare service out of your home?
Does it require any licensing?
Does it require any licensing? Depends where you live. You also have to know if you will have neighbors report you if licensing is required and you don’t follow all the rules.
How complicated is it to start offering neighbors to bring their children to our home to be babysat while the parent is working? It’s not that complicated but there are factors that one needs to consider. Is someone else already providing this service with a 1/2 mile radius? What ages will you baby sit for? Do you have the physical room for it?
What is the typical hourly or weekly rate charged for such a service? Depends on the neighborhood. Suburbs would probably be a higher rate.
Can a decent income be made from a babysitting / daycare service out of your home? Again, it depends on what you mean by “decent income”.
Is it a good income choice for a stay-at-home mom?
As I said it depends. Are you offering snacks? Lunch? If the children are in diapers who supplies them? are you doing arts n crafts projects? Factor in extra expenses – lights on all day, water (if you have a water meter), extra heat and air conditioning. What sort of income range are you looking for?
Regardless of other local rules, you need insurance above and beyond your homeowners policy.
Children will get hurt and you are responsible .
I assume you are planning to report the income, so you need to get legal/accounting advice on the best way to set up your business.
Is your backyard fenced in? If not you run the risk of a child wandering off.
More on lesschumras’ post: If you follow thru, make sure the caregiver knows first aid and CPR.