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OK, you’re on your way. You want to expand and do everything bigger and better, and that’s great, but do it the right way. When you consider expansion, make sure you have the basics in order before you start investing your time and money. Here are the basics. 1. SOPs–If you don’t have a well-organized
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, you
In this industry and this era, there really is no choosing the right bank or the right banker over the long-term. If you want the best odds of getting the best results for you and your business, then choose banks and bankers on a case-by-case basis. There are a lot of exceptionally good people who
Sale and Leaseback transactions (SLB) can give you more cash, less debt and allow you to continue operating your childcare company or school without interruption. These transactions are as simple as they sound. You sell your real estate (not your business) for full market value and simultaneously lease it back from that same person or
Developing good relationships with parents, teachers, vendors and your students is a key component to operating a successful childcare center or school. Every aspect of your childcare facility – staff satisfaction, parent interaction, teaching the children, managing your staff – comes down to effective communication. Communication skills are critical to developing and nurturing these essential
It’s been said that when opening and operating any business, you must have the right people, doing the right things, at the right time. It seems simple, but 80% of new businesses still fail in the first 60 months—not five years, 60 months. New companies don’t fail over a period of years. They succeed or
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