When Monica McDonald worked as a psychologist at junior high schools, she realized that many of the students were mentally underdeveloped.
“Why didn’t the parents say anything? Why didn’t the teachers say anything to convince the children to get more assistance?” McDonald says, repeating the questions that still trouble her.
After pondering what could be done to save future students from similar neglect, McDonald decided to open a daycare facility. She tapped every financial resource available to her to get started, including her pension plan, mutual funds and credit cards. She also refinanced a condo, sold property and used a grant awarded from New York State. In 2003, she purchased a building in Brooklyn, N.Y., and Footsteps Childcare Inc. was ready for business.
Category : Business
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