5 C’s of Lending
What Does a Lender Look For? The 5 C’S of Lending Lenders and investors look not only at the business numbers when making a loan but also take into consideration intangible things. These intangible considerations are often referred
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Increasing Cash Flow
Increasing Cash Flow Successful cash flow management requires managing the money that comes in and flows out of your child care business. The goal is to maintain smooth, consistent cash flow. Large increases in expenses and drops in
Value of Preventive Maintenance
Preventive Maintenance – A Cost or a Savings? Preventive maintenance is planned or scheduled maintenance with the goal of preventing breakdowns and failures by keeping things repaired and in good working condition. Preventive maintenance in a child care
Child Care – Tuition Collection
Tuition Collection The collection of tuition fees is a constant challenge for most child care centers. However, the consistent, timely collection of tuition fees is critical to the cash flow and long-term success of a child care business.
How to Choose the Right Accountant for Your Child Care Business
How to Choose the Right Accountant for Your Child Care Business Your accountant should be looked at as a valuable member of your professional team. A qualified accountant can provide you with advice on your accounting system, tax
Financial Records – What to Keep and How Long
“If it wasn’t for the “paperwork” running a child care business would be more fun.” Unfortunately, the IRS says you must keep records as longs as it may be necessary to support the income and deductions you reported
10 Reasons Why Your Child Care Business Needs a Website
The saying goes, “If you are in business, your business needs a website.” And a child care business is no different. Not so many years ago, parents began their search for local child care centers by looking in
Ten Tips to Maximizing the Value of Your Child Care Business
Whether you plan to turn your child care business over to a family member some day, or plan to sell your business at some point in the near future or are planning to personally operate your business for