Maybe you could offer a "discounted full day rate" or a weekly rate for full time care? Not sure if you will do part time days for part time mums? Doesn't seem viable (hence my q about hourly rate vs day rate) I'd be looking for full week care (consistency of Kids) and a flat day rate so I know what I am up for each week regardless of hours... Maybe I'm just high maintenance!?
Ps: I'd also prioritize those wanting full time care (with my business hat on) I know that's not helpful to part time working mums though!
Will you have minimum hours?
I think $10/hr for what you're supplying is good. Plus if you're only going to have 1 or 2 extra kids that aren't yours, it's gotta be worth it especially for tax purposes.
OK have been working a few things out - If I cut the supply of Nappies & Wipes how does something like this sound?
Hourly Rate: $8.50/hr/child (minimum 3 hrs/day)
Full Time Daily Rate (8.5 hrs):$65.00 ($7.60/hr)
Full Time Weekly Rate: $60.00/day ($300.00/week) ($7.05/hr)
I think it sounds very reasonable if it is eligible for CCB and CCR? At DS's c/care centre they deduct these directly so my out-of-pocket is minimal. Would you do that too?
I'm not saying that $10 is too much to pay, just that I couldn't afford it :-) when working FT I dropped dd off at 730 and picked up at 6pm for $71/ day, before rebates and i only supplied nappies. BUT the provider had a large ratio of kids per carer... Therefore better profit.
I suppose if you calculate what your time and effort is worth and what people are willing to pay first you can work out how many hours you can offer and when.. I personally wouldn't want to be offering min 3 hours, just because of the difficulty in calculating income and possibly consistency.. And shuffling around the more kids thought the day. (ie: if I could have 3 full time, I'd prefer that, than having 6 per day for 3 hours each, some morning, some afternoon) does that make sense?
Anyway I have seen a few businesses close due to a great idea, not being considered in terms of $... Not saying that in your case at all, but it Would suck to put in all the effort to start something up to find it's actually not viable!
I hope you find what works for you!
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