Providers (pros) and parents (pars), is the rate negotiable? If so, what should you keep in mind when discussing the pay rate for child care? What can you afford? Parents can't give what they don't have and providers should know how much income they require from each client to make ends meet. Look at your family's budget and determine what a feasible number is. This really should be done before you even consider using or opening a child care business. Besides, what you can afford, you need to know your range -the lowest and highest price you will agree to depending on which side of the table you are on. What is the market like? If there is a shortage of child care providers in your area, then it is a provider's market and they have the advantage. If there is an abundance to choose from, then it is a parent's market, giving parents the upper hand in negotiations. …show more content…
Well, this may be discovered inadvertently as providers may find themselves with waiting lists and parents may be having difficulty finding openings. If you are actively seeking child care market conditions, your local Child Care Resource and Referral Agency will be able to assist you with this as they work with parents, providers, businesses and the government to help meet the need for quality child care. What is the cost of living? This will be a large factor in how much the going rate is for child care. If you are in a small rural area of Mississippi, child care costs will not be anywhere close to the cost in Manhattan, NY. What type of child care business is