Rachel is starting a daycare business at her home in a suburban area. which professional should she contact first before starting? her cpa to determine if she can claim a tax deduction for her business her insurance agent to increase the policy for coverage on the equipment and business activities on site the city's planning and zoning board to make sure she can have a business in her home all of the professionals are equally important and should be contacted before she starts the business

Answer

The city’s planning and zoning board to make sure she can have a business in her home can be the first step to take when starting a daycare business at a home in a suburban area.

Explanation

The first step when starting a daycare centre is to learn about licensing. This can be through contacting the state Daycare Licensing Agency. The license will shed some light on the physical space, health requirement, fire regulation and your educational training requirements. This will be followed by identifying existing services, creating a business plan, choosing a location for the business, purchasing insurance for property and liability coverage and the marketing the center.A quick checklist can be;

•Identifying the type of centre(home/commercial)

•Knowing the license you require

•Checking your certificates and training

•Checking the target area

•Choosing an appropriate location

•Observing the legal requirements which include zoning.

•Estimating the financial requirements

•Health and safety issues

•Developing the program

•Checking adequacy of equipment

•Insurance

•Staffing

•Community and professional links.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know