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 you 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…
If you are considering selling your child care business within the next few years. You will want to carefully select the best child care business broker to represent you to ensure you receive the highest value for your child care business and increase your chances of a successful transaction. Although there are many things that…
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…
Whether you plan to sell your child care business soon or years from now, it is important to ensure you prepare your business for sale. These steps can be implemented in any order, and depending on your desired timeline for exiting your business, it can take months to as little as a few weeks. Get…
All child care business owners should aim to increase profits and business value. Your child care business is likely your largest investment and a substantial portion of your net worth. Therefore, you must actively manage your business profits to protect the value of your child care business. Unfortunately, most child care owners struggle with increasing…
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