yup. here they do 2 day or 3 day preschool and it's about $150-180/mth. I can't compete with that rate (which is probably why I get so many infant calls : It is crazy. but I know the economy here is sometimes great and sometimes awful
I just looked at blackcats link for rates( thanks)Now do I base my rates on being comparable to a center(cheaper than) or make them the same as a type b home, which is what I am going to be?
As a private business owner you can charge whatever rate you feel is adequate for you.
Personally, I keep my rates competitive with what the state pays out for the state assistance program. I am not exactly at their reimbursible rate but close to it. I am a little higher than what they pay out but I also have my reasons for doing that.
So based on that, I think in order to stay competitive, you should base your rates off whatever type care matches you. So if you are a Type B home, you should try to stay competitive with the Type B reimbursement rates.
Thanks Blackcat - please know those rates for counties in MN are for accredited...the non accreditation rate is lower. (Right? I certainly don't get that much from my CCAP parents!) BUT, please don't short change yourself. I charge higher than the CCAP amount...like $8-12 more a week. But, I also have never fed the kids in care a fish stick , chicken nugget, or french fry (other than homemade). Not that there is anything wrong with that, it is just not what I want to feed my children so everyone eats the same healthy food here. Between that and the fact my parents love the fact I live in the country (room for kids to move, no fences etc) and my husband and I believe in a rather 'hands off' approach to parenting (maybe that isn't the right terminology but...I won't push you on the swings, please learn to pump; please don't stand on the toy, we play with toys, feet stay on the floor, oh you fell...whoops; etc....one time I had a mom of a 6 month old ask me how I was going to keep her daughter safe...she probably wouldn't have been a good fit here...) that is my niche. The provider down the road charges $25 less a week. I did loose one client to her. But it is also the same mother who fed her son a piece of bread one day for breakfast because she was busy - and told me this when she dropped him off at 10 am explaining why he was crying - he was hungry.
What my huge run on paragraph is saying is you need to know you, and your worth. It is hard in the beginning, but once you get your first client, they will start coming in...just get over the hump! Believe in you and your program. I know it is scary and I know you may (inside) feel desperate, but, they will come.
Thanks Blackcat - please know those rates for counties in MN are for accredited...the non accreditation rate is lower. (Right? I certainly don't get that much from my CCAP parents!) BUT, please don't short change yourself. I charge higher than the CCAP amount...like $8-12 more a week. .
Thank you for pointing that out....I didn't realize I posted the Accredited rates. Here are the standard reimbursement rates for MN CCAP program.
Yes, the rates for non-accredited providers is lower. I also charge a bit more per week than the CCAP program pays out. My one family on CCAP pays the difference in addition to her bi-weekly co-pay. I think the difference for her is $12 per child.
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