Charlie_Nicole

childcare program close

Common Reasons Childcare Programs Close

What are some common reasons childcare programs close, and how to prevent it? Failure is not something most childcare owners think about when opening a childcare program. Still, understanding why other childcare programs don’t succeed is important to know how to prevent the closure of your childcare program. Some common reasons childcare programs close include: …

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Differentiate your childcare program

6 Action Steps to Take to Differentiate Your Childcare Program

When searching for childcare programs for their children, families have many options making it harder to decide which program to choose. As a daycare owner, you can make the decision easier by ensuring your childcare program stands out from other childcare programs in your area. The key to standing out from other childcare programs is …

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Increase your income

10 Ways to Increase Your Income as a Home Daycare Provider

Most state agencies only allow home daycare providers to care for six children for income at one time, limiting the amount of income earned. The average income for home daycares ranges from $27,529 – $33,363 per year. Because of these income limits, many daycare providers look for other ways to maximize their annual income to …

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daycare business recession ready

Is Your Daycare Business Recession Ready?

What is a recession? A recession is when there’s a decline in economic activity such as spending and sales. Once spending and sales decline, it causes the loss of jobs and the permanent closure of some businesses. According to thebalance.com, “there have been 11 recessions since 1948, averaging out to about one recession every six years.” …

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Business Structure

Choosing the Right Business Structure for Your Home Daycare

Choosing the right business structure for your home daycare business is essential. Common business structures include sole proprietor, partnership, limited liability company (LLC), and a corporation (S or C Corporation). Most daycare businesses incorporate their business to lower taxes and reduce personal liability. Therefore, before deciding which business structure to use, educate yourself on taxes …

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