Child Care Business and Unreported Income

The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value: “If You Hide the Money Too Well, Nobody Will Be Able to Find It”

When I started my business brokerage career in 1995, it was common to find that the business owner was not reporting all business revenues. In addition, they were also running lots of personal expenses (cars, house payment, country club membership, personal food, etc.) through their business. This, of course, was done to lessen the federal…

childcare succession planning, exit planning

Succession Planning vs. Exit Planning

Childcare business owners often need clarification regarding the difference between Succession Planning and Exit Planning. And which one should they be doing? To add to the confusion, succession, and exit planning are often used interchangeably. But they technically mean different things. Succession Planning focuses on planning and preparing to hand the business over to a…