https://vimeo.com/manage/videos/528148020 Presentation Slides

Child Care Financial Benchmarkting Workbook

How to Improve Business Cash Flow – Workbook

Most business owners have a large portion of their net worth tied up in their business. The same is true for the owners of child care businesses. It is estimated that their business represents 50% to 80% of their net worth. Child Care owners are often planning to fund a substantial portion of their retirement from the proceeds of selling their child care business. Therefore, understanding the current value of their child care business is an important part of implementing changes designed to increase its value.

Child Care Financial Management – Profit and Loss Statement – Workbook

Learn how to set up your small business for success with these QuickBooks tutorials: Create custom invoices, track expenses, and view statements and performance reports anytime, anywhere. Get started with QuickBooks Online and find out how our key features can be tailored to meet the needs of your small or medium business, and how using QuickBooks Online can save you time and money.

No child care business owner wants to consider or discuss the likelihood of a recession. However, good and bad economic times are part of normal economic cycles. Not counting the steep but very brief economic downturn during the COVID pandemic, the last recession in the U.S. was from December 2007 to June 2009 – often referred to as the “Great Recession.” Like most economic downturns that last 18 months to two years, the Great recession lasted about 18 months. The severity, not the length of the Great Recession, caused substantial disruption and loss for individuals and most businesses.  The child care industry experienced low enrollments and financial loss due to low enrollments and parents’ high unemployment. At this point, few economists predict the next recession will be as bad as the Great Recession. Given the current state of the childcare industry is much different than in 2007, the impact of the next recession on the childcare industry may be quite different than previous recessions. No one can predict with 100% certainty. However, preparing your child care business for a recession can make all the difference. As we like to say, “Be Optimistic But Be Prepared.”

The first step to achievement is setting a goal. Goals are great – SMART Goals are the best. SMART goals help you to clarify your…

When I ask child care owners "how they established their tuition rates for each age group." A common response is, "we based our tuition rates on what other child care centers in the area charge." Taking into consideration the average tuition rate in the market area is important. However, the calculation of tuition rates must include more than just matching or being close to what competitors are charging.

In this webinar workshop, we will cover several financial variables that must be considered when calculating tuition rates for each age group, program, and classroom. We'll look at not only the minimum tuition rate required to break even. But, also, what tuition rate is needed to achieve the desired level of profits.

Yes, we will be talking "numbers and doing math" for the entire hour - but NO worries, we will go slow, and it will all make sense. Want to follow along? Sure - just have a copy of your current annual or monthly child care business expenses, total building square footage, and classroom square footage – and you can quickly calculate tuition rates for your child care business during the workshop.