Hot Home Business: 24-Hour Nanny Service

Want to work from home but not sure what you can do? The Hot Home Business Directory helps you find a business to run out of your home, lists the skills you need to do it and tells how to get started and where to get more information. Read on to find out if this Hot Home Biz is for you!

What You'll Do:
You'll provide a 24-hour nanny service for clients. What this means is that you'll manage a staff of nannies on call 24 hours a day, seven days a week. You'll be responsible for interviewing and hiring your staff in addition to running the day to day operations of an office.

Skills You'll Need:
You'll need to set up proper criteria to screen both prospective nannies and families seeking your services. Recognizing the necessary skills and character traits that make for a good nanny will be very important. You should also have great organizational skills. You will have to thoroughly screen your job candidates, do background checks on them, and keep all of their references and resumes on file. In addition to organizing your staff, you will also need to coordinate their different schedules and availability.

Equipment You'll Need:
A good, basic computer will help you organize all of your files and keep track of schedules, rates and invoices. Installing extra phone lines will allow you to field more business calls. Business cards and job application forms will also be necessary.

Start-up Costs:
The cost for a good, basic computer ranges from $1,500 to $3,000. Other costs are for a lawyer to set up your contracts, and an accountant. These fees range from $1,000 to $1,500. Business cards and application forms are anywhere from $100 to $400; prices will depend on your order volume.

How Much You Can Expect to Make:
This depends on a few key factors: The rates you set for your nannies, the percentage of that rate that will be paid directly to you, and your client volume. Because your income depends on several variables, the salary range could be anywhere from $10,000 on up.

Interested in other home businesses? Browse the hottest ones right now!

Find companies that are looking for work-from-home'ers on the Home Business Opportunities board.

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Then get a jump on your business with help from other iVillagers on the Getting Started board.

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