Opening a babysitting business? Good idea. It's a business that can be started with a low investment and can be highly profitable.
Becoming a Teenaged Babysitting Business Owner
Babysitting is a great way for teenagers to make a few extra bucks while giving parents a few hours of relief. With a little effort, you can turn babysitting into a really profitable part-time business. But first, you have to start seeing yourself as an entrepreneur and business owner instead of just a teenager who occasionally helps out in the neighborhood.
Watching kids is just one part of running a babysitting business. You will also need to spend time and energy marketing your services to parents, determining a fair price for your services and doing many other tasks that full-time entrepreneurs do everyday.
Many teens find it helpful to create basic business plan to help them think through the business aspects of their babysitting operation. If you aren't sure how to create a business plan, ask your parents to connect you with a friend or local business owner for assistance.
How to Get into the Babysitting Game
Any successful entrepreneur will tell you that in business, the shortcut to failure is to launch a new business without adequate preparation. Although you're chomping at the bit to get started, there are a few things you might want to think about before you accept your first babysitting client.
- Get Experience. Parents who hire babysitters usually aren't keen on letting their kids be guinea pigs for your first forays in babysitting experiment. So before you start watching kids for paying customers, try to get some experience babysitting siblings or relatives. It also helps to volunteer to work alongside an experienced babysitter so you can learn the tricks of the trade.
- Get Certified. Most communities offer courses and certifications for babysitters. For example, the American Red Cross probably offers a babysitting course in your area. Even if you think you know all there is to know about babysitting, it's a good idea to complete a formal babysitting course. Courses offer a lot of great information and the certification you receive is a real selling point for parents.
- Get Social. Believe it or not, you may already be doing one of the best things to promote your babysitting business: Social networking. The things you do on sites like Facebook and Twitter can be expanded to make connections with prospective babysitting customers. The key is to send friend requests to parents you know and frequently post about your availability for babysitting gigs. However, before you launch a full-throttle social media campaign, make sure to check with your parents to make sure you aren't sending information that could endanger you or the children you watch.
Best Babysitting Company Business Plans
As a startup babysitting business owner, writing a quality business plan is one of the first tasks you need to address.
Now here's the good news: You can minimize the amount of time it takes to write a business plan by buying business plan software. A reliable software solution will increase the accuracy and consistency of your business plan, dramatically improving its value to your babysitting business.
As an additional benefit, most business plan solutions are geared toward providing the information most commonly requested by lenders and investors.
Check Out Competitors
Prior to launching a babysitting business in your town, it's a good idea to find out how you will fit in the competitive landscape. Try our link below to get a list of local competitors in your city. Complete the form by entering your city, state and zip code to get a list of babysitting businesses that are close by.
If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.
Finding a Non-Competitive Business Mentor
If you are seriously contemplating launching a babysitting business, the next step is to learn as much as you can from somebody who is already in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
But, a person who owns a babysitting business on the other side of the country may be more than happy to give you a few tips, after they realize you reside far away from them and won't be stealing their local customers. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. If you are persistent, you can find a business mentor who is willing to help you out.
What's the process for finding somebody who runs a babysitting business who is willing to advise you because you live in different cities?
Easy. Find them using our link below and start calling until you are successful.
Acquired Babysitting Businesses: Competitive Advantages
New babysitting business owners have the potential to realize earlier profits and fewer headaches when they buy a a babysitting business instead of starting one from scratch.
A business acquisition also delivers an established brand - a big advantage in competitive markets. The notion of buying a business to get an established brand can be a savvy business strategy for new babysitting business owners.
From a competitive perspective, an established babysitting business may also deliver an industry leadership position – an enviable feature that can take years for a startup to acquire.
Startup marketing is challenging, especially for new entrepreneurs. In a competitive geography, capturing the attention of the marketplace requires time and money that many startup business owners simply can't afford.
A franchised startup compensates for marketing and branding deficiencies, giving your business a highly recognizable brand presence from the outset of operations.
It's possible to perform a successful babysitting business startup using a traditional model, but you can significantly improve your first-year position by exploring the babysitting business franchise startup opportunities in our baby franchise directory.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing babysitting business, try these useful resources:
If you sell to babysitting businesses, we've got better information for you elsewhere on our site. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.