bfs buy or sell a childcare, montessori, preschool, special needs school
To Know When Childcare Companies and Schools Are For Sale In Your Area, Enter Your Email Address Here and Click “GO”:


twitter account for mike coleman facebook page for mike coleman marketing mike coleman linkedin profile mike coleman linkedin profile mike coleman pinterest profile mike coleman google+ profile


bfs tagline

Category Archives: Managing A Childcare Company or School

How To Limit Liability in a Montessori School

Like with everything else, there is always the risk of liability when you own a Montessori school. Here are some of those risks and ways to manage them.

  1. The Heart Stopper: Make sure you never lose track of a child. This terrifying event is most likely to happen when moving back and forth to the playground or when children are transported via busses or vans. Sometimes it is not enough to count the number of children. Make sure at least one person goes all of the way to the back of the bus or van checking in and under every seat. Children are easily overlooked when they are in the back of a bus or van.
  2. Observe Good Business Practices: This act is incredibly important. While it doesn’t guarantee that you will be safe in your business environment, it certainly reduces the risk of getting sued.
  3. Business Component Incorporation: Incorporate your business to limit your personal liability.
  4. Real Estate: If you own real estate for your early education company, own it in a corporation or LLC that is different than the corporation that owns your business component. By holding your real estate in a different entity, it can be protected from litigation against the Montessori school operating company. Remember, you don’t have to be wrong to be sued. Over the years, we have seen school owners sued frivolously for little more than a parent that needed a source of income.
  5. Transportation: While some companies don’t go this far, owning your company vehicles in a separate transportation company helps to limit liability in the event of a traffic accident. This structure also gives you the option to lease the vehicles to your operating school and thus giving you and your CPA more flexibility at tax time.
  6. Insurance: Make sure you have the proper insurance coverage, including but not limited to, liability, property, flood and business interruption coverages.
  7. Teachers: Train your teachers so they instinctively guard against any threat to the children, themselves or your center(s).
  8. Playgrounds: Sectionalize playgrounds to make sure older children don’t accidently collide with the little ones when playing outside.
  9. Security: Install proper security doors and surveillance cameras so unwanted visitors don’t gain access to your center or the people in it.
  10. Licensing Compliance: While licensing is always part of the daily business, keep in mind that the regulations are there with good purpose. Sometimes it is the smallest act of prevention that stops a catastrophe.
  11. Professionals: Make sure you have at least one good attorney and one good CPA on your team. Having the right professional to show you the correct path is much easier and less expensive than learning things through experience.

By following a few practical rules, you can reduce your risk and limit liability in your Montessori school.

As always, I hope it helps.

Brad Barnett, President
BFS®

How to Handle a Minimum Wage Increase in the Early Education Industry

  As payroll costs are the single largest expense in a childcare center or school, many company owners and executives are concerned with the potential increase in the minimum wage. No one likes to see increases in expenses without corresponding increases in revenues and profits. Here’s a few ways to deal with an increase toContinue Reading

Know How To Count Your Money In Early Education

  Whenever professionals discuss the financial performance of early education companies, the conversation will always include “cash flow”…and that can be dangerous. The term “cash flow” can mean many different things and it can be the cause of material misunderstandings that can lead to litigation or you losing some of your money…or both. Instead ofContinue Reading

What You Do Matters—Here’s Some Proof

  We spend a lot of time focused on improving our centers and schools. You have to be driven to be successful in this industry. Whether it’s daycare, childcare, preschools, Montessori or private elementary, when you do it right, the impact you create is probably much bigger than you know. Here are some things youContinue Reading

Avoiding Lawsuits In The Early Education Industry

  Lawsuits in the United States are sometimes referred to as an epidemic.  I’ve seen many lawsuits in our industry, and I’ve been asked to serve as expert witness in many of those cases.  While it’s true that anybody can sue anybody, many lawsuits can be avoided.  Here’s the how and why of some ofContinue Reading

How To Increase The After Tax Income Of Your Early Education Company (“EEC”)

  Notes: Most US tax payers overpay their taxes. The 2015 IRS tax code has 74,608 pages, and it is constantly changing. You should always pay your tax bill. You should never pay a bill that isn’t yours to pay. Here’s how it works. Don’t just send your numbers to your CPA firm and waitContinue Reading

How To Hire Great Long-Term Staff For Your Early Education Company

                                        Every industry has its challenges. In early education (“EE”) industry, the challenge is to find and keep good teachers and directors. However, there are many EE companies that get and keep great teachers and directorsContinue Reading

Early Education–How To Have Productive Meetings

  If you’re in business, you have meetings. The key is to be focused on the important factors. Otherwise, don’t have meetings. They simply add one more thing to your and your staff’s already overloaded to do lists. It’s important to meet and manage your early education company (childcare centers, preschools, Montessori, special needs orContinue Reading

Being Prepared For An Emergency in Early Education

  No one likes to think about bad things happening in a childcare center or a school, but everyone has the “nightmare” list…the problems you hope you never face. Oftentimes, it’s this uncomfortable feeling that causes some people to avoid planning for these events. It simply becomes easier to focus on other parts of theContinue Reading

Dealing With Change In Your Childcare Company or School

  It’s said that change is the only constant. In the early education industry, you must change or become irrelevant. How and when you deal with change determines your level of success in the early education industry. If you’re comfortable or satisfied, you can coast, but if you want to be really good at anything,Continue Reading