1. Business & Finance

Nanny Service Home Business

From , former About.com Guide

Overview of this Business:

If you love kids and want to run your own home business, opening a nanny service could be a home business opportunity you'd want to consider. As demand grows for your services you can bring others into your business with you.

Pros of this Home Business:

  • If you love kids, you'll be around them all the time.
  • You'll feel good providing a service you know busy parents really need.[/l]
  • The business can be rewarding as you share in the joy the children can bring to your day.
  • Once you develop a following, you could experience strong demand for your services.

Cons of this Home Business:

  • There are only so many children you can take care of at one time by yourself.
  • You cannot grow this home business without good help. You'll need to find qualified and trustworthy help as your home business grows.
  • The more formal background education and training you have, the more likely clients will trust you. That can take time and get expensive.
  • Keeping both children and their parents happy can be very challenging over time.

What You Need to Get Started with this Home Business:

  • You should have some sort of formal training or education. While there may be no licensing or formal education requirements, you'll need to gain trust from your clients and have a leg up on your competition. You are likely to be the subject of a background check.
  • You'll want to build your reference list. Word-of-mouth and references are invaluable for this business.
  • You should need very little as your employer will be providing everything you need to get the job done.
  • You'll need patience to deal with children who may be problems at times.

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