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…
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…
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…
When starting a child care business, owners can select from different operating structures – sole proprietor, partnership, a for-profit corporation or non-profit corporation. For simplicity, the various operating structures can be divided into two categories – for-profit and non-profit. The majority of child care businesses operate as for-profit corporations. However, child care businesses – large…
