This question has become particularly worrisome for many childcare centers during the last few years as some enrollments fell during the recession. Some of these enrollments still haven’t returned to normal levels. Every market is different and every childcare center’s circumstances need to be considered individually. However, it is very important to remember that the
There are many ways to increase enrollment. Every center and its local market area are unique to a degree so some methods work better than others pending your exact circumstances. Here are a few methods that have worked successfully: 1. Find and utilize a good SEO (Search Engine Optimization) and social media person. It’s no
There is always risk and opportunity for liability in a childcare business, but there are a number of ways you can limit your liability and manage risk in your childcare business. Here are eleven things you may want to consider. (** Always talk with the proper professionals before taking action.) 1. The Heart Stopper: Make
Payroll expense is the single, largest expense for childcare centers, pre-schools and Montessori schools. It’s also the expense that is most likely to get out of hand and ruin your profit margin. Over the years, we’ve seen payroll costs (excluding payroll taxes) vary from a low of 38% of Gross Revenue to a high of
Hi, I’m Brad Barnett, and I’m the Founder and President of BFS®. We are the largest early education brokerage and consulting firm in the United States. For the past 25+ years, our team has helped people buy, sell, finance, evaluate and improve Childcare Companies, Pre-Schools, Montessori Schools and Private Elementary Schools. That’s all we do.