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…
Although intended to stabilize the childcare industry and individual childcare businesses, in my opinion, the funding only served to “prop up” the industry. The childcare industry will be more unstable when the grant funds are depleted. Unless there are additional grant funds, or as I like to say, “another pot of gold at the end…
Every child care business operates in a facility – building and land. Some child care owners lease the building and land from a third-party owner. The owner of the building and land “real estate” determines how much rent they require. This “third-party,” “arms-length” relationship often results in the greater likelihood that the child care business…
The American Rescue Plan Act of 2021 includes about $39 billion dollars in funds for the child care industry. Monies are available through two funds; $24 billion in child care stabilization grants funding and $15 billion in another fund designed to make child care more affordable for families. Each state, territory, or tribe will receive…
How many calls, emails, and letters have you received this week from people interested in buying your child care business? If you are like most child care business owners, particularly a large child care business owner, you have probably been contacted by at least a dozen or more people this week alone. Having specialized in…
