March 9, 2009
At 18, I decided to find out what the Bible says about economics. I have not yet completed my work, but I am close. I have written over 30 volumes on the subject. I have at least five to go.
That was then. This is now.
I will assume that I am 18 again. I also assume that I know about my program for attending college, cheap. I read about it at age 15. I adopted its strategy.
I would have worked out a deal with my parents: I pay for my education, and they give me 50% of whatever they would have paid for my college as my college graduation present. It's zero-risk for them, and I get capital for my career.
I would enter college as a sophomore. Maybe a junior. I would major in young child development, where only women compete. It would be a snap major. I would work part-time and attend summer school.
I would call Nick Kozel and tell him I want to come to Virginia to work for him upon graduation. If he said no, I would call Rev. Doug Mills in Sevierville, Tennessee, or the Van Gordons in Franklin, Tennessee. My goal: to get apprenticeship. I would read his manual before entering upper division work in young child development. I would not mention this to my teachers.
I would graduate at age 19 or 20. That would save me a year at least. I would have $25,000 to $50,000 as my graduation present. That is my seed capital.
Then off to Virginia or Tennessee. I would take any state exams to qualify for becoming a day care director. Then I would find a state where I thought there is demand for day cares. I would choose a state that has cheap real estate -- probably in the Southeast. I might choose Florida. Georgia would be high on my list.
A young man who runs a day care needs a wife who runs it with him. This is basic to marketing.
I would find a woman to marry, someone with no debt and a desire to work with small children. (Any man who marries a woman with a load of college debt has wiped out his business plans for a decade or longer. He will spend years as a debt slave. Find another woman.) I would create a web page describing my plans. The headline would read:
Wanted: A marriageable Protestant woman who is willing to work 12 hours a day, five days a week, in young child evangelism
Then I would join one of those matchmaker sites.
I would look for a town of about 50,000. I would contact pastors with small congregations worshiping in large, older churches. I would look for a mainline church: liberal, aging congregation, shrinking. I would offer to rent the place during the week for a day care. This is crucial to my plans: cheap rent for my first facility.
I would use my seed money to buy the equipment and get the church up to child care standards.
I would pour the profits back into expanding the day care to raise more cash flow. At some point, with cash flow secured, I would approach a bank for a loan. I would buy an acre of land close to a neighborhood with lots of kids. I would build the day care and start advertising.
My Subchapter-S corporation would own the property. My day care (separate legal corporation) would rent from my Sub-S corporation.
As soon as I had it filled, I would buy another property with another Sub-S corporation. I would borrow the down payment from my real estate Sub-S corporation. I would rent the space to my next day care, a separate legal entity: a new corporation.
Why so many corporations? Let them sue me one corporation at a time.
I would do this every 36 months.
I would hire young couples out of seminary to teach at minimum wage (two salaries). I would offer to hire the ones with promise as directors, as soon as they got qualified (state examination, night school). I would buy more real estate and have them run the new day cares. He would start a church, and use the day care as a building. She would teach. They both would have fine careers.
At age 45, I would have eight day cares. Two would be paid off. Each of these would throw off at least $75,000 a year in rent. The day other six cares would get paid off, adding $75,000 a year to my net income every 36 months.
I would franchise the whole operation and spend the rest of my life writing. Or maybe I would do it until I died.
This way, I would combine calling (educating children) and job (big money). I would train my children in how to do this. I would be starting churches indirectly. I would be providing high-paying joint careers for young pastors' families.
All this takes is entrepreneurship. I would be in a field where my competitors are under-funded women.
What are the numbers? Enrollment: 125 to 150 per day care. Fees: $125 a week. Gross income per facility per year: $800,000 (125) to $975,000 (150). Rent: 10% (pays off my mortgage, then goes to me after 15 years). Salaries: 50%. Insurance, maintenance, etc.: 10%. Salary for me and my wife: 10%. Advertising: 5%. Save anything left over to start the next day care.
I have a way to speed up the operation: one day care every year. But I won't share that information here. You have enough on your plate already if you are 18. Or 30. Or 40.
My personal cost? To become Eddie Murphy in Daddy Day Care. I would be socially discriminated against by men: "Women's work." That means a pile of money with no competition. Bring it on!
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