Love children and want to spend more time with them along with earning money? Starting a babysitting business is a great side hustle idea! This article will explain how you can start your own babysitting business.
1. Choosing a Business Structure for Your Babysitting Business
When it comes to starting a business, there are a number of different ways you can structure it. You can choose to operate as a sole trader, partnership or company. Sole traders are solely responsible for their business’s finances and have to pay tax on their individual income. By contrast, company structures will offer you limited legal liability and corporate tax rates. Once you choose your structure, you can apply online and be ready to trade in a matter of days.
2. Prepare Your Finances
As with any business, managing your money is important. Having a budget helps keep all your expenses and income organised. As a babysitter, you won’t have to spend to much money on running your business on a day to day basis. However, you’ll also have to factor in marketing and transport costs.
3. Get the Right Checks Done
Any person who intends to work around children needs to firstly have a solid understanding of child protection laws and be cleared by the Government to work with minors . The Working With Children Check (WWCC) is a requirement for anyone that works or volunteer in child- related work in NSW. It involves obtaining a national police check (criminal history record check) and a review of reportable workplace misconduct. You can apply online if you are over 18 years of age. There are different levels of clearance that you can request. Particularly for your business, the most relevant authority you are applicable for may be ‘entertain and exhibition’.
4. Marketing
Once you’ve registered your business and received your clearance to work with children, it’s time to get started on building your client base. Some options are to get listed on local Government websites or childcare centres advertising your services. However, a lot of babysitting work will come through word of mouth. You can also establish a website which will firstly, advertise your services but also give prospective clients a way to contact you.
Conclusion
Starting your own babysitting business can be a great way to earn money. Building up your client base will take time, but once you provide a great service to one family, you’ll find that the recommendations will soon follow. You can also take up childcare courses to kickstart your journey as this will give you an in depth knowledge about children and how to work with them.
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