It’s hard to overstate the importance of determining the lifetime value of the children you enroll at your childcare center. Student lifetime value is simply the total amount of money a student brings to your childcare business over the length of time the student is enrolled. In this article, we will take a look at how to calculate student lifetime …
During the pandemic, it’s often difficult to know what is going to happen next. And these are challenging times for most businesses – especially childcare centers. There are a few marketing strategies you can use to make it easier for your business. These include ways to help ensure parents of safety precautions. Such as rebranding your childcare center, and how …
The Break-even point is a concept used in financial analysis that helps businesses determine the precise point at which the total costs and total revenue of the company are equal. As a daycare business owner, you can calculate the financial break-even point for your business to determine whether your current revenue is sufficient to cover all of your expenses. More …
Accepting new children into your daycare program may be a promising way to bring in more revenue. However, before you begin to make plans for the extra cashflow, you will need to determine the true cost of adding each new child to your program. In this article, we will explore the variable costs associated with each child for whom you …
Many daycare directors would agree that parents who consistently pick up their children from daycare on time are some of the most delightful clients. A parent who arrives in a timely manner at the end of a long day of childcare not only builds trust with the little ones eager for their mommy or daddy to come and take them …
As your daycare business grows, you want to enroll families who you can serve well and who are the right fit for your program. Understanding the importance of the parent interview and learning how to interpret the first impressions from your initial parent interactions will help you place families into your program who are great clients. The following guide offers …
You have built a childcare business you are proud of and you are ready to take your business to the next level. What factors will you need to consider as you prepare to scale your business to accommodate the growth of your program and ensure profitability for years to come? The following article will help you evaluate whether you are …
It’s no secret that dealing with the dreaded “late payment dilemma” is one of the most difficult and awkward duties of a daycare director. While the majority of parents who enroll children in your program will be great about making their payments in a timely manner, you may have a select few who prove to be less reliable. How do …