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Where Did You Start?
My best friend and I (who are also coworkers) have been planning to start a Nature School/Childcare for a couple years and now agree that its time to stop planning and start doing.
We've been learning about licensing requirements and writing a basic business plan, and we both have lots of background in daycare administration, licensing compliance, etc. We just are unsure of what our first step should be.
We do not have money saved. We may be able to borrow a few thousand from family. We are both single mothers with not great credit.
We are in Virginia. Licensing states that any childcare home in which the operator does not live in or with more than 12 kids is automatically a center. We want to purchase a house. We have been perusing foreclosures and such and would have to find out the zoning info for whatever neighborhood we choose.
We don't know whether first to try and apply for a small business loan, attempt to purchase the home, or wait until we can save more money, which could be never.
Those who have done this, how did you do it?
We've been learning about licensing requirements and writing a basic business plan, and we both have lots of background in daycare administration, licensing compliance, etc. We just are unsure of what our first step should be.
We do not have money saved. We may be able to borrow a few thousand from family. We are both single mothers with not great credit.
We are in Virginia. Licensing states that any childcare home in which the operator does not live in or with more than 12 kids is automatically a center. We want to purchase a house. We have been perusing foreclosures and such and would have to find out the zoning info for whatever neighborhood we choose.
We don't know whether first to try and apply for a small business loan, attempt to purchase the home, or wait until we can save more money, which could be never.
Those who have done this, how did you do it?
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