advice please!!

[tinkerbell_85]

I'm starting out as a childminder but working from another childminders house. Kind of like an assistant but will be registered myself.

We are trying to sort out how we will sort the money side of things, whether it be 50/50 or 60/40 or how much i should pay her for things.
was planning on giving her money each month to cover things for wear and tear, but how much covers it? so many questions, yet so little answers.

Can anyone give any advice?

Tinkerbell xx :confused:

[ma7ie]

Sorry I can't help you there, but good luck.:D

[sarah707]

Hello and welcome!

That sort of thing is very difficult and depends on how much you are both earning, how many children you take on, who is responsible for food buying, who does most of the planning etc..etc

I suggest you sit and make a list together of everything you will need to cover, including the money side and work out who does what before you start... no misunderstandings that way.

Sorry I can't help on percentages. :D

[Angela234]

Sorry i can't help i don't know anyone who works with anyone else in their house. Good luck with it

Angela

[tinkerbell_85]

Thats a good idea Sarah, going to write a list now.

Its quite difficult as we don't know how many children i will be able to have.

xx

[angeldelight]

I would also write a list

Be careful also - friends and money do not always go together if you know what I mean

Make sure things are really clear with you both before you start so no misunderstandings

Good luck

Angel xx

[Trouble]

i used to work for my friend and it didnt work out after a while i her friend became

hi this is my assistant not hi this is my mate
and i got a better grade than her after only 3 months of doing this job and when i told her she wasnt happy at all

[tinkerbell_85]

think a contract will be done when we have sorted everything out so things can't be changed and we know where we stand. its getting to that stage.

What kind of outgoings do you have? can think of a few but not sure if i have got them all??

Appreciating the advice guys xxx

[Trouble]

i had one but it kept changing so make sure its right in the first place

you do have a good laugh and its not as lonely but sort things out first

[tinkerbell_85]

I put an ad on gum tree asking if anyone needed a nanny or help and she replied to it. didn't know each other before hand.

Not sure what i will be classed as, assistant or just working from her house. so much to think of...

Money is a hard one as it does come between people but don't want it to be an issue. hoping once all sorted, everything will be good.

[tinkerbell_85]

what kind of expenses did you share?

[angeldelight]

Could you do childminding in your own home alone ?

Angel xx

[tinkerbell_85]

no, have only a flat and not in a nice area. starting fresh at ? house.

Don't get me wrong, really keen and looking forward to it, just need to establish where we both stand, and what we will be paying.

[angeldelight]

Yeah I understand some of our members also live in a flat though and find it works ok

Anyway I hope it works out for you

How long has this friend been minding for ?

xxx

[tinkerbell_85]

she childminded for a couple of years and is currently on mat leave. going back at same time as me.

I'm sure all will sort itself out. thank you for your help and advice

[angeldelight]

Sounds like it could be fun

Sure you will sort it out

Angel xx

[Twinkles]

I hope it works out for you.:thumbsup:

[miss muffit]

Hi thats a difficult one... Good luck to you both K:) :) :)

[Splish Splosh]

hope it works out for you . good luck with your childminding.

[Banana]

Hope it all works out for you!! Good luck

xx

[ruby]

me and my daughter childmind together
we are both childminders in our own right

i know our situation is different from us being mother and daughter
but if you sort out all the nitty gritty things than it can be very rewarding having some one to talk to, share things with, bounce ideas off etc.

just wanted to say good luck to you both

cathy

[tinkerbell_85]

Thanks guys, hope it does too. xxx

[karenjoy]

Good Luck hun!!!

[DCS]

hiya,

things to bare in mind are,
1. who owns the premises
2. who's writing the policies
3. who's buying the equipment
4. who's suppling the vechile
5. who's responsible for planning / cooking/ cleaning
6. who's paying for advertising

obviously, 2 c'minders can care for increased numbers of children.

I think the owner of the premises should get a higher % as they will have higher running costs, e.g water, gas, electricity bills, wear & tear.

maybe both of you could try and rent a place solely 4 the biz as that way its easier to split costs and draw an income.

prehaps the best thing would be for you to be your friends employee, that way it'll b less stressful u could learn the biz and set up one your own one day, using the salary you receive from your friend whilst preserving your friendship ?

hope this gives u food for thought!

Cecile
x

[tinkerbell_85]

thanks cecile, they are some good points.

we are still toying between to options, either 60/40 or for me to give her a bit of rent and towards the bills. both ways i think are good.

xxx

[Tatia]

But then, she also gets to claim the expenses for wear and tear and phone and gas and all that because it's her house. You don't. Eek, I wouldn't even begin to know how to work it all out. I'd be tempted to seek legal advice. And for the record, if you're a registered childminder in your own right, then you should not be classed as an assistant. You would be co-workers. Equals.

[tinkerbell_85]

if i pay her rent and money for bills, could i not use that as expenses? wouldn't she just have to declare it?