The way that you manage your money is closely related to the quality of your business.
According The Houston Chronicle, managing the quality of your business must be a priority. Moreover, having quality Administrative practices is a vital part of operating a high quality childcare Business.
In the article: Quality Administrative Practices, Brandon Pickard of Demand media listed Polices and procedures as a sign of a Quality Business. Pickard describes the following as quality administrative practices:
Establish policies and procedures to help maintain quality business practices. They usually consist of seven sections:
- Revision history
- Persons affected
- Responsibilities and procedures
For example, it is vital that you develop money management policies. In fact, the way that you manage your money is closely related to the quality of your business.
Furthermore, it takes money to build a Quality Child Care Business. So, be sure to have a system in place that describes the following:
- When payments are due
- Who is authorized to collects payments
- Who is authorized to make bank deposits
- Guidelines for a monthly budget
- Designate who is authorized to make purchases or sign checks
- Collection or Bad Debt procedures
- How to handle Late fees (in the event parents are late making payments)
For more money management or administrative coaching, join me in the Center Owner eclub or the Family Home Child Care Empowerment Club.
Need some personalized assistance with your money management policies? Contact me today for a one-on-one coaching session!
With your Success in mind…
Do you issue weekly or quarterly progress reports to the parents of preschoolers enrolled in your Child Care program?
Parents want to know how their kids are doing in your program and a weekly preschool progress report is a great way to keep parents informed. A preschool progress report should inform parents of the following:
- Skills that their child worked on for the week
- Behavior update
- Skills that the parent can work on at home with their child
- A place for parents to leave a comment and return the form to you
- A Personalized note from you
To reduce the amount of paper that you use, consider using a progress report that covers half of a sheet of paper. This will save you dollars on ink and paper. If you are really creative, you may want to create your own progress reports on your home computer.
However, if you are in need in a progress report template or would like to know more about tracking the development of the children in your care, join the Family Home Child Care provider Empowerment Club.
For sample lesson plans, sample progress or toddler reports, join the Curriculum Club.
To Your Success…