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Here are ten things you should expect when a new competitor opens close to your center or school: Private chatter amongst your parents. Private chatter amongst your staff. Both parents and staff asking you what you think of the new place. Your new competitor will check your tuition rates and business practices. Your new competitor
In case you don’t know, Capital Gains is the tax you pay when you sell a “capital asset” for a profit. Capital assets are the things you own such as real estate, furniture, fixtures, equipment, stocks, bonds, houses, cars…etc. Basically, it includes nearly everything you use in your childcare company or school as well as
Unfortunately and in spite of all of the political promises, funding cuts are becoming all too common for early education companies. The situation is difficult, but this problem has to be managed like any other. You need to make sure your company is positioned properly or you need to re-position if you’re already caught in
You need four basic items to buy a childcare company or school. 1. Your credit score.2. Your occupational background.3. Whether or not you’re buying real estate with the business.4. The type of financing and lender you choose to make the loan. First, your credit score in this market needs to be 700 or better. In some cases, your score
Social Media is an extremely inexpensive and useful tool for finding, engaging and retaining clients and staff. In today’s world, we go on line whenever we want find or research most anything. Using social media raises your visibility. Parents, teachers and potential business allies look for you on line, and that is where social media
Whether you are an owner, director or both in a childcare center, your leadership skills will determine your success in this industry. There are several key traits that every successful owner has developed over their career. Here is a short list of items to consider if you want to become a great leader within your
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