Recession Proofing Your Child Care Business: “Be Optimistic But Be Prepared”

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…

Child Care Business Owner End of the Year Planning

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…

Stabilization Grants Utilization – “Using Grant Funds to Strengthen Not Weaken Your Business”

The Child Care Stabilization Grants (American Rescue Act Plan) represents a historic investment in the early childhood education industry. As indicated in the name – Stabilization Grants, the program and funds are being provided to shore up childcare businesses battered by the COVID-19 Pandemic and provide for a financially stable childcare business and industry in…

Fair Market Rent – How it Affects the Value of Your Child Care Business

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…