One of the WORST ways to start a business is if you need a service (personally), and decide that if you need it, others will to-- so <BANG>, you start that business.
Only you may not have looked at the numbers:
1. How can a 24 hour day care make money, esp if the state mandates 1-2 adults for each 13 kids? (even if they're sleeping?)
2. Parents who have to work multiple shifts (or midnight shifts) may not have a lot of money-- so they'll be less likely to spend big bucks on this (the choice for those w/money is a nanny)
3. The big question: If you *do* start this biz, how will you GROW it?
Fastlane businesses have a few things in common:
-They appeal to a wide market (millions of customers)
-They are scalable (ie, you can grow from 1 to 2,000, quickly)
-They can be automated (ties in w/scaling)-- so as it gets bigger, your overall cost to run decreases
-They are NOT labor-intensive
So, let's take a look at a child-care business:
-They appeal to a limited market (hundreds of customers, who have enough $$)
-They are NOT scalable (ie, you cannot grow from 1 to 2,000, quickly)
-They cannot be automated (ties in w/scaling)-- As the biz gets bigger, your overall cost to run increase
-They are VERY labor-intensive
So, can you see why a child-care business might not be a great fastlane startup?
That being said-- if you have addressed the issues:
-appeal to a broader market (millions of people w/$$$)
-make it scalable (ie, grow from 1 to 2,000 daycare centers, quickly)
-automate (so not dependent on labor)
Then, let us know how you'd do it-- figuring out how to do this could certainly address a wide market.
PS I don't want you to think I'm being sarcastic. Look at Kahn Academy-- THIS has all the elements of a fastlane business-- AND, it's somewhat related (different market: older kids/education):