Child Care Business Turnarounds – Key Reasons Turnarounds Fail
Since 1995, I have worked with countless childcare business owners to turn their childcare business around – going from losing money to making money. It…
Category: Financial
Creating and Using a Grant Proposal Template
Many childcare business owners think that their business must be a not-for-profit company to apply for various grants. However, in most states, some grants do…
How SBA Loans Really Work, And Why Your Tax Returns Matter More Than You Think
When most think about business loans, “getting an SBA loan” is at the top of mind. As a business consultant, a CFO, and an investment…
Solving the Rubik’s Cube of Child Care
The challenges in the Child Care Industry are like a Rubik’s Cube, a complex puzzle. Much like with every turn of the Rubik’s Cube, you…
The Importance of Knowing the Value of Your Child Care Business
Having worked as a child care business mergers and acquisitions advisor since 1995, I know that when a child care owner contacts me, they are…
Child Care and the Lack of Business and Financial Management Training
Like most college degree programs, an Early Education degree often includes little, if any, training in business and financial management. Most degree programs provide specialized…
Importance of Having a Specialized Child Care Accounting Chart of Accounts
A child care business-specific accounting – chart of accounts is crucial for any child care owner to assist with financial management. This comprehensive financial tool…
The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value
“If You Hide the Money Too Well, Nobody Will Be Able to Find It.” When I started my business brokerage career in 1995, it was…
Effective Strategies to Reduce Labor Costs in Childcare
Optimizing Workforce Efficiency and Reducing Expenses Labor costs constitute a significant portion (often the largest expense) of overall childcare business expenses. Reducing these costs while…
The Why of ChildCareOwner
Earlier this year, I celebrated 29 years in the child care industry. My story and journey are different from most, as I have never worked…
Fair Market Rent How it Affects the Value of Your Child Care Business
Every child care business operates in a facility—a building and land. Some child care owners lease the building and land from a third-party owner. The…
Having QuickBooks Does Not Make You an Accountant
I have always found it curious that the focus on financial management for childcare business owners is learning to use QuickBooks (or any accounting software)…
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…
2023 Child Care Supply: State Trends
Click each state or territory for specific information Research Data: ChildCareAware
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…
How Can I Increase the Value of My Child Care Business in 2023?
If you want to increase the value of your childcare business, the more you get these things right, the more your childcare business is worth.…
Why Child Care Business Buyers Buy – What They Will Pay For
In the training workshops I conduct and my meetings with childcare owners, I find them confused about why childcare business buyers buy and what the…
Recession Proofing Your Childcare Business
No childcare business owner wants to consider or discuss the likelihood of a recession. However, good and bad economic times are part of normal economic…
Selling a Childcare Business – Owner Financing vs. Earn Outs
In recent years I have received an increasing number of calls (more than in years past) from childcare business owners about selling their childcare business…
Do You Want to Sell Your Child Care Business?
The Endless Child Care Buyer Calls, Emails, and Letters How many calls, emails, and letters have you received this week from people interested in buying…
2023 Planning For a Year of Success
For many childcare owners, 2022 has been another year of high stress, labor shortages, and frustration. How will 2023 be different? In most states, childcare…
Fair Market Rent – How it Affects the Value of Your Child Care Business
Every child care business operates in a facility – building and land. Some child care owners lease the building and land from a third-party owner.…
Out of Pocket Cash Purchases
Jonathan Lamb, our child care financing expert, shares some ideas about when you should pay for things with cash.
Leasing
Jonathan Lamb, our expert child care banker discusses how child care business owners can use leasing as a financial tool.
Seven Critical Business Financing Mistakes
Suppose you commit these business financing mistakes too often. In that case, you will greatly reduce your chances of securing financing for your child care…
Child Care Accounts Receivable Factoring
Over the years, when providing financial consulting for a child care business owner, I discovered they were factoring their accounts receivable (unpaid tuition). So, what…
What is the SBA
In this video, Jonathan Lamb, our expert child care banker explains what the SBA - Small Business Administration is and the role the SBA plays in guar…
RE Sale Lease Back – Refinance
Child care business owners often have a substantial portion of their net worth and available cash locked in their child care real estate. This locke…
Growing From a Small to Larger Child Care Center
In the Growing From a Small to Larger Child Care Center video, Jonathan Lamb, our expert child care banker shares tips for growing your child care bus…
Taking on Debt
Our child care expert banker, Jonathan Lamb, provides informative things you should consider before taking on debt.
What to Expect When Your Are Expecting to Get An SBA Loan
Jonathan Lamb, our expert child care banker, shares some sage advice on "What to Expect When You Are Expecting to Get an SBA Loan"
Tax Information and Borrowing Money
No one wants to talk about taxes. However, your tax information plays a critical role in your obtaining a loan. Our expert child care banker, Jonathan…
Acquisitions and Financing
Back with us again is our expert child care banker - Jonathan Lamb. In this video, Jonathan shares lots of great information about child care business…
Why Do You Need a Loan?
So, you are thinking about applying for a loan. The first place to start is - why do you need the money?
Jonathan Lamb our expert child care busine…
Financial Benchmarking
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Lease or Buy Big Ticket Items
Menu Dashboard Articles Calendar Forums Library Q & A Calls Quick Wins Resources Roadmaps LOG OUT MORE QUICK WINS USDA Business Loans View Quick Win…
Personal Guarantee and Collateral
In order to make a loan, the borrower must provide a personal guarantee and collateral. In this video, Jonathan Lamb, our expert banker shares informa…
Your Personal Financial Picture and Loan Repayment
Jonathan Lamb, our expert child care banker details how important your personal financial picture is in relation to loan repayment.
USDA Lending and Child Care
Our expert child care banker, Jonathan Lamb, shares information about how child care owners can obtain an USDA loan.
SBA Loans for Child Care
SBA (Small Business Administration) backed loans provide an excellent source for financing for child care businesses. This Workshop with Jonathan Lamb, an SBA lender, provides…