Thursday, October 22, 2009

Oh so discouraged

Each time I go to class or each time I take a workshop I come out of it feeling so much closer to my dream. I have so many ideas and I'm so excited about the future and the prospect of owning a daycare.
My timeline initially was 10 years. I wanted to make sure the kids were old enough that my constant absence wasn't as missed. My timeline then shortened to 2-5 years. Connor will be in school full time at most in 4 years - at best in 2 years, it just depends on where the province goes with their all day kindergarten plan. And by then, Sean will have enough seniority that he can chose work that will have him home when the kids get home from school (at at least shortly after and Emily will be old enough to babysit in interim)

In my enthusiasm I've been trying to gauge what kind of money I'm looking at putting out to get going. See, once I've committed to this plan I can start buying the necessary supplies and equipment slowly and store it. That make the financial strain of that portion of opening a little less. I've also been trying to gauge what the actual property will cost.

And this is where the bad news comes in.
I had planned on looking into a retail type centre, a storefront. The cheapest I've seen in an area that would be even remotely useful was.....wait for it......almost $14000 a month. Are ya shittin' me?! I can see it being doable once you've opened your centre, you've established your clientele and all that but how in the name of God does one pay a lease of $14000 a month while renovating the space to suit the DNA and therefore not actually making any money!? And we all know contractors...a job that should take a month takes 4.

Needless to say, I'm a little, okay a lot, discouraged.

I'm now looking into how feasible it is to either A: buy a house and renovate (I've got few converted houses/daycares that I'm going to tour next week under the guise of looking for care for Connor) or B: buying an existing daycare.

Back to the drawing board.

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