5 Ways to Create More Margin on Your Childcare Team
How can you support your childcare team and create more margin amongst your staff? In this article, we wrap up our three-part series on how to create more margin in your life as a childcare professional and business owner. Let’s take a look at five practical ways you can free up your childcare team to reach their full potential. Read on to find out more.
1 – Hire the Right People
Building a fantastic team is essential if you want to grow a successful childcare company. Your people should reflect your mission and vision as a business owner. As such, the first way you can help your team reach their full potential is by hiring the right people.
In order to hire the right people, you need to know who and what you are looking for in order to create a stand-out job advertisement for your open position.
You will also need to know where to look for job candidates and when to hire.
In addition, you will need a solid game plan for screening applicants by asking the right interview questions.
Check out these best practices for employee hiring to learn more.
2 – Focus on Employee Retention
In addition to bringing the right people onto your childcare team, you want to invest in your staff by creating a great work environment that will encourage them to stay. Creating margin means giving yourself room to breathe in all aspects of your childcare business—your schedule, your budget, and your resources (including your people!) You can accomplish this more effectively when you invest time, energy, money, and resources into keeping the great employees you already have, rather than losing them and needing to look for more.
Consider ways you can show appreciation to your childcare team without breaking the bank.
Invest in your employees by creating a pleasant work environment, keeping the lines of communication open, and identifying employee training needs.
In addition, even though it can be difficult, learn how to address problems with your childcare employees quickly and effectively so issues don’t get out of hand.
Finally, think about the reasons great employees stay with their employer. How many of these reasons are you giving your own employees to stick around? While it’s true you won’t please everybody, when you show genuine care and concern for your team, you invest in people you can trust. Having people around you whom you can count on is one of the best ways to create margin in your life as a business owner.
3 – Consider Individual Skills, Personalities, and Passions
Another way you can help your team reach their full potential is by considering your individual team members’ skills, personalities, and passions.
Provide mentorship opportunities and take an interest in cultivating the potential in each of your employees. Some skills and talents are readily apparent, and they may be reasons you hired an employee in the first place. Others need to be mined and developed through the right circumstances and opportunities.
When you find out what your employees are good at, what they love to do, and how their personality traits work within your team structure, you can guide these skills and attributes into significant assets for your childcare business, making your life easier and your business more efficient in the process.
4 – Automate and Outsource to Free Up Your Staff
We’re back at it again! You know how much the Honest Buck Accounting team loves automating and outsourcing to free up your schedule and your budget. But have you considered how automating and outsourcing can also free up your staff, too? Think about it this way: if your star caregiver in your infant classroom is overburdened because she is spending too much time entering manual data into your paper management system, do you think her job could be made any easier? Definitely! Many processes that childcare business owners are having their staff members do (or are doing themselves) can either be automated with the right digital tools, such as a great childcare management system, or outsourced to the professionals.
We’ll keep saying it—automation and outsourcing are great ways to save time, money, resources, and sanity for you and your childcare staff.
5 – Become a Great Leader
Finally, in order to build a team on whom you can rely, you must continue to develop within yourself the skills of an effective leader.
Some childcare business owners may take to the role of leader more naturally than others, but no matter whether you are a natural-born leader or not, you can develop the qualities of a great leader through time, experience, and personal awareness.
Remember, your team is looking for more than just a boss. In order to cultivate a group of people who can make your life easier and your business run smoother, you need to step forward as a leader. Your efforts will pay off.
We hope these five practical ideas for creating margin by investing in your childcare team will help you build your dream team and give you more margin as you run your early learning company.
The experts at Honest Buck Accounting are here to support Early Childhood Education business owners with a variety of accounting services. Schedule a call with us to learn how we can help you alleviate financial stress and grow a profitable childcare business.