Inspirational and Empowering Child Care Business Owners To Build Successful Child Care Businesses

Archive for the ‘Business Management’ Category

Do You Have Dreams of Expanding Your Child Care Business?

expansion

After five years of operating my Child Care Business from my home, I wanted something bigger. In fact, I knew that I was destined to do business on a larger scale.

So I decided read books on how to Operate a Child Care Center and I studied major childcare chains such as Kinder Care and Lapetite Academy.  In fact, my mind was on one thing in 2002….Expanding!

One day my mother and I were out shopping and we saw an empty building that was formerly a Child Care center.

I literally backed up on a very busy street to write down the phone number that was on the sign in front of the building.

To make a long story short…Within 6 months of signing a lease, I was preparing to move into my first Child Care Center.

Learning days photo

My dream came true and yours can too. If you desire to expand your child Care Business, you must take the steps (now)  to move toward your dreams of expanding from a home based Child Care Business or owning multiple Locations!

I was inspired to share my expansion story with you, because In Chapter 2 of my upcoming book, I shared my Expansion plan and how I found the Faith to expand.

The book is currently being edited and I want to invite you to get your copy when it is available. So be sure to visit my Inspired Business Woman blog to take a peek at a preview copy of the ebook.

When the Book is ready, the book will be uploaded to my ejunkie book store, Amazon Page and on my Inspired Business Woman Blog.

So tell me? Are you ready to expand your Business? Leave your comment below and lets talk about your dream to expand.

Be sure to download my  Sample Growth Plan .

 Shiketa Morgan

Discover how to successful manage a Child Care Center, by joining my Center Owner eClub.

Ready to Start a Child Care Business, get my ebook 10 Steps to Starting a Child Care Business.

Category:

Business Management, Child Care Center, Expansion, Family Child Care, Quality Care

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Hand Written or Computer Generated Receipts?

receipt bookWhen parents pay you for child care services, they will expect to receive a receipt for tax purposes in a timely manner.

Furthermore, it is vital that you are diligent about collecting payments on time, issuing receipts for payments and documenting your business income.

There are two ways that you can issue payment receipts and they are as follows:

  • Purchase a receipt book for less than $3.00 at your local office supply store and give parents hand written receipts for their weekly or monthly child care payments
  • If you enter your tuition payments into a financial software, you can also issue computerized receipts

 

I have implemented both methods of issuing receipts and I strongly recommend that you use the method that works best for you.

Be sure to include the dates of service that the family is paying for, the child’s name, parents name and write your business name on the receipt. Also, if you are using a receipt book, be sure to purchase a receipt book that contains a carbon copy.

A computerized receipt is more professional looking, however, please note that you may use more printer ink.  Collecting payments and issuing receipts, is a vital part of your tuition collection process.

Tip: When issuing receipts, be sure to attach a copy of your tuition policy, to be sure that parents are well informed of your Tuition Policies. For more Tuition Collection tips, sign-up for the 5-Day Tuition Policy make-over eCourse.

Which method do you prefer to use; Hand written or Computerized Receipts? Leave your comment below:

Til Next Time……

Shiketa

Category:

Accounting, Business Management, Policies, Tuition

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