Hi everyone
I am a single mom, and sole-support parent of an 8 month old. My maternity leave is up in July and I will not be returning to work as my job is on the west coast and I would like to stay in Ontario close to family and friends. (no option to transfer)
I am currently finishing up my ECE part-time a couple of evenings a week and have years of experience with kids. I would like to open my own home daycare so I can stay home with my son but would need to do it out of a rental. A friend of mine from school is offering me her house to rent. She has previously ran a home daycare from the house but decided it wasn't for her and returned to work. Her family is moving and renting out their house.
So, my fear is that I would take on renting this house, but not have enough children to cover the cost of bills, etc. I worry that I would get over my head and not have the income coming in to cover it. When I look at costs, I would need 2-3 full time children to make it work with a little left over.
Would this be too risky? How long was it before you found children to care for?
I'm confident in my abilities, but not confident in the market!
Any help/advice is appreciated!