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In today’s market, financing a childcare is oftentimes the most difficult hurdle to clear whether you’re acquiring more childcare centers and schools or just refinancing your current debt. Hence, it is very important to avoid any pitfalls that can make your borrowing process more difficult. Here are four of the most common mistakes made when
Always talk with an accountant or CPA before deciding the best way to send used childcare equipment to its next life. Used equipment can certainly be sold on-line via the usual and well-known vendors, but it can also be donated to other schools or centers in need, orphanages, foster homes, local parks and recreation centers.
If you talk with enough brokerage companies, you will likely receive every answer from three weeks (not true) to a year. The amount of time it takes to actually sell your childcare company varies from 120 days (about a 20% probability) to a 11 months….and occasionally it takes more than a year to sell a
Every market is different and every childcare center’s circumstances need to be considered individually. However, it is very important to remember that the cost of living increases most every year. The cost of paying teachers increases most every year. If you are not increasing your rates at least once a year, you are simply paying
There are many ways to increase enrollment. However, before finding the children, we need to find the teachers. BFS® clients have had the most success by hiring from the medical community. Trust me when I tell you that anyone who has been working in a hospital or similar environment for the last three years, looks
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
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