Hello Everyone!
I will be opening a daycare in the new year. I was wondering how you determine how much to charge? What are the factors you consider when choosing how much to charge?
This is my first time running a daycare. I have lots of experience with children including a few early childhood education classes, but I do not have my ECE diploma. I have a four year old daughter who is in JK. We live in a detached home with a big backyard and located in a great neighborhood. The average daily rate in my area is anywhere from $40-$50.
I want to charge $45 but im not sure if that is too high or too low. Help!