Advice needed.........is Childminding cost effective ?? Please help!!

[littlenutmeg]

Hello some of you may remember me, I went thrrough the registration procedure approx 5 months agao. However due to some family domestic crisis which I shall not go into now I did not start my childminding business. I have my registration certificate now for the past few months and am considering giving up temping as a secretary and staying at home to childmind instead. I guess my question is will it be cost effective to do this? I know you cannot guarentee getting mindees etc but I just want to know if by giving up my temping job will I net approx the same revenue. Having read back the last sentence I am asking you an unanswerable question. I really need to know that if you seriously look at childminding as a buisness will it be profitable?

If you are still reading by the time you get to this bit I just want to say thank you, childminding has been a dream of mine for so long and I really want to get going but the finacial drop until I build up my mindees may be difficult, but so long as I can kind of be reassured it will be worthwhile will be able to forge ahead and aim for my dream.

Please let me know your views as I truely am intrested in if it really is a positive move. Many thanks and kind regards

Little nutmeg

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Perhaps it would be better to continue temping until you actually have a child/children to mind? You can start actively advertising, and let your local Childrens Info Service know that you have immediate vacancies.

Like shosha, I am also full, and I certainly wouldn't be childminding if it wasn't financially worth it.

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well i have recently started (few mths) it is hard getting started and I already have 2 under 5(until Sept) so my earning potential is restricted.With my school runs (5 on my books) and 1 p/t under 5 I am earning more than what I was earning p/t working as an administrator for LloydsTsb. The down side is money could be good for a while and then wham bam you could loose it in a sec - like recent post (mum been sacked)
Id suggest sticking with your current job until u have that phone call/contracts are signed and your on your way to earning money
Good luck

Hi,
I have two of my own and another on the way, I have chosen to only mind 1 under 5 and get paid above average I guess for being flexible and doing a bit extra iyswim.

for others I'm not sure how much I could make, but I remember looking for childcare for my ds and ALL the good ones had waiting lists!

sorry, not very helpful, but good luck in your decision.