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Thread Starter 

I worked in Early Childhood Education for 6 years in an Administrative position and ran 2 large playgroups, and participated in a childcare session, and helped prepare parenting curricula. Even though I was in administration I was participating in a lot of the child development activities and I really enjoyed it, and several of the other staff told me I would be great as a teacher...

I left the field in 2006 and worked a short time in banking, then for the past 3 years as a Document Coordinator, and now I am working from home as a Virtual Assistant.

And I am really unhappy. I don't spend nearly as much time with my 15 month old as I want, and I am chained to my computer most of the day, and I am SICK SICK SICK of being on the computer all day. I'm always working when everything else is going on, since I can't work while it's just me and the babe at home.

I want to go back to school to be an elementary teacher but I need a decent income right now (can't do just school and no job), at least until we get some bills paid off (cars, etc).

I have been thinking about running a daycare for years. Hubby is reluctant to go for the idea b/c he doesn't want to come home from work (sometimes as early as 2 PM) and "there be a bunch of strange kids in the house," but we have a decently sized finished basement that I could use to keep the kids away from him if he is home early. I am also thinking about targeting school teachers only for the schedule (hubby leaves at 430 AM for work so I could start as early as 6 or 630, I have a friend who is a teacher with a 16 mo old, maybe my first client, who could help me network) so I can have some time off on holidays and over the summer. I would begin working on getting licensed as soon as I got my first kids.

 

What are some considerations/thoughts/tax considerations/ideas that I should consider? I plan on talking w/my CPA on Monday, but are the taxes as high as any other self-employment (I pay like 36% right now).

 

I just read a post here along the lines of "I am so done with childcare" or something and that was kind of scary.

 

Do the childcare providers really get to run the show, if you have kids that you can't control you can give them up and find other clients?

 

Thanks in advance for any advice!