Money Management

It’s important to assess the demand and feasibility of services within your local market, considering factors such as staffing, licensing requirements, and resource allocation. Understanding the needs of parents and offering convenient and value-added services can help increase income streams while enhancing the overall childcare experience. To increase revenue and provide additional value to parents, …

Beyond the Basics: Exploring Additional Income Streams for Childcare Owners Read More »

Managing the finances of a daycare business is essential for its success and long-term sustainability. Maintaining a clear and organized financial system is crucial, from budgeting to tracking expenses and revenue. In this blog, we will provide a comprehensive guide on how to effectively manage and track finances for your daycare business, ensuring financial stability …

A Comprehensive Guide to Managing and Tracking Finances for Your Daycare Business Read More »

It’s important to start planning for future growth, even if you’re still determining if you want to go from a home daycare to a center. One of the most important things to consider is the benefits of financial planning and understanding why it’s necessary. Financial planning is the roadmap to achieving your business goals in …

Financial Planning for Future Growth Read More »

Funding your childcare business is essential to growing your business. Many good options are available to fund your daycare business, such as an SBA loan or grant. Before applying for any funding, put your daycare business in an excellent position to get approved. To get approved, follow the steps below. Step 1: Build a Strong …

Funding Your Childcare Business Read More »

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 …

10 Ways to Increase Your Income as a Home Daycare Provider Read More »

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.” …

Is Your Daycare Business Recession Ready? Read More »

Time management separates daycare owners who are doing exceptionally well with operating a childcare business from those who struggle to succeed. Having time management methods in place is essential for any daycare owner. Time management is the process of organizing and planning how to divide your time between day-to-day activities without feeling overwhelmed. Everyday activities …

Time Management Methods for a Home Daycare Business Read More »