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Articles

childcare business value

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…...
childcare business degree, child care financial management

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…...
child care business risk and capitalization rate in child care real estate value

Capitalization Rates and Child Care Real Estate Value

The value of child care real estate is often determined by the capitalization rate - CAP Rate real estate investors require and the level of associated risk...
child care standard operating procedures - child care SOPs

Using Standard Operating Procedures in Your Child Care Business

Standard Operating Procedures (SOPs) are critical documents that should be implemented in every business, including child care. SOPs provide detailed instructions on performing specific tasks within your child care business...
child care profit and loss, child care income statement, child care financial management

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…...
child care employees and social media policies

Child Care Employees and Social Media Policies

What employees post on various social media platforms can significantly impact the childcare business for which they work. Why? Parents often visit the childcare business’…...
child care situation leadership training

The Challenge of Leadership in Child Care

As an owner-operator or administrator of a child care business, you wear many hats. You manage finances, human resources, education, and marketing. You ensure safety,…...
child care business unreported income and impact on child care business value

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…...
child care facility construction, child care building, new child care building, child care real estate

Child Care Facility Construction – Design Build vs Design Bid Build

When building a new childcare facility, owners typically have two main project options: Design-Bid-Build (DBB) and Design-Build (DB).  Each approach has advantages and disadvantages, and…...
child care business marketing and social media

Childcare Marketing and Social Media

Maximizing Reach and Engagement Childcare marketing is crucial to running a thriving childcare center. In today’s digital age, leveraging social media platforms can significantly enhance…...
child care teacher, child care staff management, child care wages financial management

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…...
child care business end of the year financial and business planning

Child Care Business Owner End of the Year Planning

Taking Stock Before the Holidays Like most businesses, the end of the year is a busy time for childcare business owners. Before the rush of…...
child care building and child care real estate

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…...
Child care financial management consultant

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 –…...
child care employee onboarding

Tips For Welcoming New Child Care Employees

Do You Have an Employee Onboarding or Welcoming Program? Much time, effort, and expense are spent on job postings, screening, and interviewing potential employees. However,…...
child care accounting and financial management

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)…...
employing family members in your child care business

Employing Family Members and Taxes

One advantage of operating your own business is hiring family members. However, employment tax requirements for family employees may vary from those that apply to…...
child care business tuition collection policy

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…...
child care business public relations

Eight Tips For Dealing with a PR Disaster in Your Child Care Business

One of the problems that most child care business owners fear is a public relations nightmare. Sadly, this can happen to almost any child care…...
Value Gap: How It Prevents Many Child Care Owners From Exiting Their Business

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 financial mistakes

Taking Money Out Of Your Child Care Business

When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. Business owners…...
Child Care Business Crisis Management Plan

When an Allegation of Abuse Strikes: A Guide for Child Care Centers

In the realm of childcare, maintaining a safe and nurturing environment for all the children is paramount. While we strive tirelessly to uphold this standard,…...
Child Care Business Loan, Child Care Business Financing

A Lender’s Perspective on Getting Financing for Your Childcare Business

Finding financing to expand your childcare business can be daunting. You may have had the experience of going around the block to all your local…...

2023 Child Care Supply: State Trends

Click each state or territory for specific information   Research Data: ChildCareAware...
child care break even analysis, child care business profits

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…...
ChildCareOwner Magazine

The Juggle is Real – Day Two

After throwing together a half-decent meal for dinner, you can finally take a deep breath and hope tomorrow is less chaotic.  Maybe the plumber will…...
child care business financial mistakes

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, child care business consulting

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…...
child care business tips

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.…...
common mistakes child care business buyer make

Common Mistakes Child Care Business Buyers Make

In my 28 years of working in childcare business mergers and acquisitions, I have met and worked with thousands of childcare business buyers. From the…...

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…...

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Best Practices

Using Standard Operating Procedures in Your Child Care Business

child care standard operating procedures - child care SOPs

Standard Operating Procedures (SOPs) are critical documents that should be implemented in every business, including...

Tips For Welcoming New Child Care Employees

child care employee onboarding

Do You Have an Employee Onboarding or Welcoming Program? Much time, effort, and expense are...

Taking Money Out Of Your Child Care Business

child care business financial mistakes

When taking money out of a business, transactions must be carefully structured to avoid unwanted...

Having QuickBooks Does Not Make You an Accountant

child care accounting and financial management

I have always found it curious that the focus on financial management for childcare business...

Employing Family Members and Taxes

employing family members in your child care business

One advantage of operating your own business is hiring family members. However, employment tax requirements...

Child Care Employees and Social Media Policies

child care employees and social media policies

What employees post on various social media platforms can significantly impact the childcare business for...

Child Care Business Owner End of the Year Planning

child care business end of the year financial and business planning

Taking Stock Before the Holidays Like most businesses, the end of the year is a...

Events

How to calculate child care tuition rates. Profitable child care tuition rates

Childcare Tuition Rates – Calculating for Profit

Child Care Tuition Rates - Calculating for Profit. Do your child care tuition rates cover all cost to deliver care and make a profit?...
child care owner exit planning

Child Care Exit and Succession Planning

Helping Child Care Owners Achieve Their Business and Personal Exit Goals Preparing to realize the wealth in your business, which is often one of your…...

View previous and current issues of the Child Care Owner magazine.

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Quick Wins

Jonathan Lamb child care business lending, SBA loans

Your Personal Financial Picture and Loan Repayment

Jonathan Lamb, our expert child care banker details how important your personal financial picture is...
Jonathan Lamb child care business lending, SBA loans

Why Do You Need a Loan?

So, you are thinking about applying for a loan. The first place to start is...
Jonathan Lamb child care business lending, SBA loans

What is the SBA

In this video, Jonathan Lamb, our expert child care banker explains what the SBA...
Jonathan Lamb child care business lending, SBA loans

Taking on Debt

Our child care expert banker, Jonathan Lamb, provides informative things you should consider before taking...

Renegotiate Lease or Loan

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RE Sale Lease Back – Refinance

Child care business owners often have a substantial portion of their net worth and available...

Playground Safety – Quick Win

In this Quick Win, Donna Marcus, our child care insurance expert, shares some great tips...
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