Do you have an Exit Plan for your childcare business? Is it a well-thought-out, written plan that outlines the process you will follow as your plan your eventual exit from your childcare business? Or is it more that you have some ongoing dialogue with yourself about how you need to get started on an Exit…
Around this time of year, I am often asked about the mergers and acquisitions outlook for the childcare industry. Although I wish I had a crystal ball, I do not. However, I will share my thoughts about the childcare mergers and acquisition trends we will see in 2023. To put things in perspective, we must…
For many childcare owners, 2022 has been another year of high stress, labor shortages, and frustration. How will 2023 be different? In most states, childcare business owners will continue to receive Stabilization Grants for all or part of 2023. The goal of the stabilization grants is to make individual childcare businesses and the industry as…
Like most businesses, the end of the year is a busy time for childcare business owners. Before the rush of the holidays begins, it is important to take stock – reviewing, analyzing, and planning for the new year—five suggestions to consider. In-depth review of business financials. It is important to review your childcare financial information…
No child care business owner wants to consider or discuss the likelihood of a recession. However, good and bad economic times are part of normal economic cycles. Not counting the steep but very brief economic downturn during the COVID pandemic, the last recession in the U.S. was from December 2007 to June 2009 – often…
