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It’s hard to overstate the importance of knowing what each child is worth to your business. The student lifetime value formula tells you exactly that — the total revenue a child brings to your childcare center across the time they’re enrolled. In this guide, we’ll cover how to calculate student lifetime value, why it matters for the financial health of read more.
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How to Calculate the Childcare Break-Even Point for Your Daycare The childcare break-even point is the moment your total revenue equals your total costs. First, it tells you whether your daycare is profitable. Next, it shows how much each enrollment contributes to profit. As a daycare owner, this single number can guide pricing, hiring, and expansion decisions. In this guide, read more.
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Accepting new children into your daycare program is one of the most reliable ways to grow revenue. However, before you start spending the extra cashflow in your head, you need to understand the true cost of every additional child. The single biggest driver of that true cost is your daycare variable costs per child — the direct expenses that rise read more.
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Late Pick-Ups at Daycare: How to Encourage On-Time Parents Late pick-ups at daycare are one of the most common headaches childcare directors face. Parents who arrive on time build trust with their children, with your teachers, and with you. However, even one or two chronic late pick-ups can drain staff morale and cost you real money in overtime. In this read more.
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Childcare Parent Interview: Tips to Find the Right Fit A strong childcare parent interview is one of the most powerful growth tools your daycare has. As your business grows, you want to enroll families you can serve well — families who are the right fit for your program. The interview is your chance to find out, before enrollment, whether a read more.
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You’ve built a childcare business you’re proud of, and you’re ready to take it to the next level. What should you consider before scaling up? Expanding childcare business operations is one of the most consequential decisions you’ll make as an owner — done well, it opens the door to substantial growth. Done poorly, it can sink an otherwise healthy center. read more.
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Dealing with the “late payment dilemma” is one of the most awkward duties of a daycare director. The majority of parents who enroll in your program will pay on time, but you’ll always have a few who fall behind. How do you handle daycare late payments without damaging the relationship — and without letting cash flow slip? This guide walks read more.
Adding School Aged Program
Due to COVID-19 safety precautions and mandates requiring children attend virtual schools remotely, millions of children across the country are now at home during the day. More working parents are looking for childcare options for older students. To meet the growing need, childcare administrators might consider adding a school-aged program to an existing childhood education center. Here are a few read more.