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 …
The office of Child Care (OCC) is a division of the US Executive Branch under the Administration for Children and Families. Through the American Rescue Plan (ARP), childcare grants totaling $24 billion have been released by the (OCC). Its purpose is to assist states in quickly distributing stabilization funds to support the existing childcare market. …
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 …
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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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.” …
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 …
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