Child Care Accounts Receivable – Tuition Policy
Many owners view childcare as a mission; thus, they often manage their business with their hearts instead of their heads. This is particularly true when…
Category: Business & Financial
Value Gap: How It Prevents Many Child Care Owners From Exiting Their Business
Although many things can prevent or delay a child care owner from exiting their business, the number one reason is Value Gap. What is a…
Child Care Business Break-Even Analysis
As a childcare business owner, one of the most important numbers you can understand is your childcare business’s break-even point—enrollment break-even, gross revenue break-even, and…
Your Questions: What Financial Reports Should My Accountant Provide?
At a minimum, you should receive monthly (not quarterly) financial reports – Profit and Loss Statement and Balance Sheet. These reports should be timely –…
Creating a Financially Healthy Child Care Business
Childcare businesses, just like people, can be described as either healthy, a little sick, anemic, or gravely ill. When sick, humans often need a consultation…
10 Steps to Prepare Your Child Care Business for Sale
Whether you plan to sell your childcare business soon or years from now, it is essential to ensure you prepare your business for sale. These…
