Leaving My RN Labor And Delivery Job To Do A Home Daycare

[kelbachj9]

Hi everyone I'm an registered nurse from Ohio and I have a few questions. I have been contemplating the idea of starting my own home day care. This would mean quitting my full-time job maybe working as needed at the hospital in labor and delivery. I have two young boys 16 months and eight years old and I was looking at the daycare requirements in my state and I feel as if my home would be what's called the type b.

I have a feeling I will be making less than I would with my full time job. I love children a lot and truly feel that this is my calling. My question is in Ohio you can have 3 kids under two and 3 older than 2. With your cost week to week do you feel I could make a good living? I would have to spend money upfront to buy things like toys crafts etc. right now I gross about 70,000 a year. And with one son in daycare my daycare costs are not that much.

My husband is very supportive yet this is a very scary move for me just looking for advice and encouragement :hug:

[Blackcat31]

Welcome to the forum!

[Second Home]

Realistically you will earn much much less than your current job . Even if you are at capacity it will be much less .
There is no way I could support myself on my child care income alone , most make less than minimum wage after expenses .

Here in MD the average income for a home daycare is 15-25 k a year .

[CraftyMom]

You will make much less unfortunately

[spud912]

Hi everyone I'm an registered nurse from Ohio and I have a few questions. I have been contemplating the idea of starting my own home day care. This would mean quitting my full-time job maybe working as needed at the hospital in labor and delivery. I have two young boys 16 months and eight years old and I was looking at the daycare requirements in my state and I feel as if my home would be what's called the type b.

I have a feeling I will be making less than I would with my full time job. I love children a lot and truly feel that this is my calling. My question is in Ohio you can have 3 kids under two and 3 older than 2. With your cost week to week do you feel I could make a good living? I would have to spend money upfront to buy things like toys crafts etc. right now I gross about 70,000 a year. And with one son in daycare my daycare costs are not that much.

My husband is very supportive yet this is a very scary move for me just looking for advice and encouragement :hug:

I would do some research into your area to see how much people charge. 1. Calculate how much you would earn if you were not at capacity (since there are times where you would not fill all spots). That would be your gross income.
2. Then calculate your expenses (including extra utilities, wear and tear, supplies, licensing fees, start-up costs, projected taxes, the cost of an assistant if applicable, the cost to take time off, etc.).
3. Subtract 2 from 1 to find your projected net income.

To properly compare it to your current income, take $70,000 and subtract your taxes, benefits, cost of work attire and other similar costs (shoes, makeup, etc), cost of gas, cost of vehicle maintenance, cost of child care, etc.

For me, I found I would be making more income doing child care making $23,000 than when I had a job outside of the home making $46,000 per year. HTH!

[Scout]

I am in Ohio and you can subtract more than 1/2 of your income. IMO, if you do not need to quit your job and are just playing around with it I wouldn't moneywise. If you are ok with making oh, say $40,000 less, possibly higher reduction in wages then go for it. It is a fantastic way to stay home with your younger one but, it is also hard on them sometimes to share their mom, toys, home. My kids do pretty well with it and have "no share" toys that stay in their rooms. Plus, it can get hard to make sure you keep your home looking it's best. Sometimes, I just don't have it in me on a Sunday to clean the whole house, but, I have to because of the daycare. Just some thoughts to consider.

[Sereetta]

Daycare is BIG business

I'm not sure about Ohio but in NYC and Philadelphia daycare is a lucrative business. I suggest you research where there is a need in your community... for example my daycare caters to a specific cliental ( special needs children) it just so happens the neighborhood is a low income therefore the majority of my children receive city subsidy(typically the city pays more than parents do).... Many people in my area (after paying assistants, rent, insurance, food, etc) take home 6,000.00 a month. When you own multiple sites you can imagine how much you make.

I would more so focus on whether this is your passion. This is a high demanding job and parents can tell very quickly if you chosen this profession for the right reason. I left a well paying job and the first year was rough but thankfully I have no complaints now.. I hope this hurts. inbox me if you have any other questions.

[Cradle2crayons]

As a fellow RN (pediatrics not L&D)... I can tell ya... If you CANT make it financially with SIGNIFICANTLY less money... Don't quit your day job .

My husband had a dream of working offshore about 8 years ago... And I went to working two weekends a month when he was home... Then his schedule got wonky and he'd be gone weeks at a time... Then we decided to adopt a baby... And we both decided I would need to be home full time with now two young kids. That and I stillw as very busy with his three kids from previous etc etc.

So, I came home... And within months felt so isolated and missed nursing so much... We came to a compromise and off to PRN I went. I had done daycare years an d years ago and decided to do it again.

Income really wasn't an issue because he does make good money. Of course, his profession is feast or famine. He may be home months or gone months, depending on weather and work etc.

Long story short, I don't do daycare to support my family. It IS income.

There are a lot of considerations you need to think about. Income is only one part.

[Scout]

I'm not sure about Ohio but in NYC and Philadelphia daycare is a lucrative business. I suggest you research where there is a need in your community... for example my daycare caters to a specific cliental ( special needs children) it just so happens the neighborhood is a low income therefore the majority of my children receive city subsidy(typically the city pays more than parents do).... Many people in my area (after paying assistants, rent, insurance, food, etc) take home 6,000.00 a month. When you own multiple sites you can imagine how much you make.

I would more so focus on whether this is your passion. This is a high demanding job and parents can tell very quickly if you chosen this profession for the right reason. I left a well paying job and the first year was rough but thankfully I have no complaints now.. I hope this hurts. inbox me if you have any other questions.

:: I am guessing you are a victim of autocorrect changing help to hurt!

[Sereetta]

Lol.. I am.. help

[Maria2013]

" I hope this hurts"
::::

IMO If you're concerned over income, then you should keep your job
welcome to the forum:hug:

[MotherNature]

I'm thinking you may be lucky to get a third of that. If I ever go back & finish my nursing degree, L&D is what I want to do, as a nurse midwife. I like staying home with my kids, but I wouldn't give up that money to do childcare. No way.

[countrymom]

I was a nurse too. And yes you do make less money. But you need to sit down and write down all the pro's and con's. For me, having 4 kids in daycare would have killed me, but also I couldn't stand working steady afternoons or every other weekend and almost all the holidays. I felt like I missed out with them. And now that they are older, they seem to be even more work, I'm not driving someone to somewhere to some program. The only difference now is that my kids expect me to attend their things and will look for me in audiences or when they come home they expect to see me there !

[originalkat]

I support my family with my income...but it is nowhere near 70K a year.::
And I have 8 full time kiddos.
If money is a concern, then I would stick with what you are doing.

[crazydaycarelady]

Honestly there is NO WAY on Gods green Earth I would give up and RN job in Labor & Delivery for a home daycare job. You will make A LOT less money, get A LOT less respect, probably work more hours, and give up a lot of your home and privacy.