Elements of an Effective Daycare Business Plan

Creating a comprehensive business plan is a critical first step in launching your childcare business. In this article, we will address the importance of a thorough business plan and examine the components of a well-developed daycare business plan. Read on to learn more. What is a Business Plan? A business plan is a formal written document that outlines the objectives …

How to Navigate Employee Raises

What do you do when an employee asks you for a raise? As a childcare business owner, you may have found yourself caught off-guard by an employee who brings up the topic of a raise. In the following article, we share practical tips to help you successfully navigate employee raises so you can effectively manage your childcare business team—and your …

Childcare Business Financial Strategy: Benefits of Outsourcing Your CFO

Have you considered outsourcing the role of CFO for your childcare business? In this article, we examine the role of a Chief Financial Officer (CFO) in your childcare company’s organizational structure and explore the benefits of outsourcing your CFO, as opposed to hiring a full-time, traditional CFO position for your organization. Read on to find out more. The Role of …

10 Reasons Your Great Employees Stay

You may have seen a variety of online publications compile lists of the most common reasons great employees quit their jobs. While it?s important to understand what makes a great employee leave your company, you also want to focus on what makes your best employees stick around. In the following guide, we will explore ten reasons your great employees stay. …

How to Calculate Full-Time Equivalency for Your Childcare Business

If you want to maximize profit in your daycare business, you will need to know the Full-Time Equivalency for students in your program. Full-Time Equivalency (FTE) is a useful tool for determining whether your daycare program is making the most of your limited schedule capacity to gain as many ?full-time equivalent? students as possible. Simply put, the higher your Full-Time …

Guide to PPP Loan Forgiveness

The Paycheck Protection Program (PPP) was created by the CARES Act and is implemented by the Small Business Administration with support from the Department of the Treasury. It is there for borrowers to use for specific expenses with funds to pay up to 8 weeks. It allows businesses resources for things like applicable overhead, payroll, rent, mortgage interest, utilities, and rehiring of …