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Starting a Child Care Business

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Submitted By carissap
Words 2676
Pages 11
Helping Hands Child Care

Assignment #2
Feasibility Study

Executive Summary
Statistics Canada released figures that named Saskatoon as the fastest growing metropolitan area in Canada along with having the youngest median age.
Finding quality care for your child during those vital, formative years is one of the biggest challenges you'll face as a parent. 90% of a child's brain develops before kindergarten. It's important to find a care giver who provides the loving, fun, interactive care their precious child's brain needs.
Helping Hands Child Care has been formed to provide quality licensed daycare to families in Saskatoon, providing a safe and healthy environment for children ages 6 weeks to 12 years old to learn and grow.
The small atmosphere of Helping Hands Child Care will provide a home-like, stable setting, which is crucial to children at this stage in their life. Caring for fewer children allows for more one on one attention than is typically possible in a center-based childcare facility.
In Saskatchewan, only not-for-profit centres are eligible for public funding of any kind. There are usually no (or very few) for-profit centres.
There is a large market for licensed home day cares, as there is a centre-based space available for only 10.5% of children aged 0-5 years and only a regulated space for only 7.2% of children aged 0-12 years in Saskatchewan.
Canadian women are on a slippery slope. Although the majority of women with children are in the paid labour force in Canada (about 75% of mothers of three year olds), access to child care is limited and more-or-less static. There are child care spaces to cover less than 20% of 0-12 year olds and for families with infants, toddlers, children with disabilities, in rural and Aboriginal communities, it is even less available.
At the current slow rate of growth, it will take more than 50 years to grow the

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