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

Archive for the ‘Expansion’ Category

3 Things That You Must Do As You Grow or Start-up Your Business

It always seems impossible, until it is done. ~Nelson Mandela

 

In 2013, I declared that 2014 would be the year that I would grow my Business. In fact, the opportunity to expand came to me in August 2014.

When the opportunity to expand presented itself  to me, I was very hesitant to look at the building. However, I knew that if I did not go look at the building; I just might miss my opportunity.

In a previous blog post, I shared with you that I signed the lease to my new location on October 1, 2014. Moreover, twenty-two days into the expansion I realized this: If I want to take my business to another level, I must do the following:

  • Work on my mindset
  • Have laser like focus
  •  Change my words

Do you desire to grow your Child Care Business in the near future? Are you thinking about starting a Child Care Business?

If so, I want to share with you three steps that you must take, in order to develop a growth mindset:

1.Work on Your Mindset. Your mindset will either help or hinder your Business Success. In fact, your mindset has brought you to this point in your Business. So, if you want to do something different or bigger; you must think on a different level.

How do you get a different mindset? Read personal development books, attend Business seminars, hang around people who think bigger than you, watch personal development or Business Success videos on YouTube. Your Business will only rise to the level of your mindset. It’s time to think on a different level!!

2. You must have…. Laser like Focus. As you are growing your Business, there will be distractions and it is vital that you plan your time effectively. You can plan your day effectively by creating a daily or weekly to do list for your Business Growth or Start-up.

If you do not plan your time well; you will waste time and have many unproductive days. As of September 1, 2014, I created a  90-day expansion plan and I have very little time to waste. So every day, I focus on 3 top priorities until the tasks are complete.

3. Change Your Words. God has created us all with the power to shape our lives with our words. I challenge you to choose your words carefully as you grow or start-up your Business. I have seen the positive and the negative effects from the words that I have spoken out of my mouth. That is why, I challenge you to speak words of growth, increase and blessings over your Business.

If you feel the need to complain, sing a song or cover your mouth. Negative words will only hinder your Business Growth or Start-up process. Whatever you want to see manifest in your Business, that is what you want to speak out of your mouth.

Much Success to you and I look forward to reading your thoughts and comments below,

Shiketa

If you are thinking about Expanding or starting up  your Child Care Business, get My Child Care Business expansion Guide Today!

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4 Crucial Child Care Business Expansion Tips

Do you have plans to expand your Child Care Business in the near future? Are you afraid of expansion? Don’t know where to start?

If you answered yes to the questions above, this post is for you!

As you may already know, I expanded my Family Home  Child Care Business into a Center in 2003 and in 2014 I expanded again!

My Dream Location!!

On December 1, 2014, I moved into my Dream Location. 6,000 square feet with a large playground and very large classrooms. I could not have asked for a better location.

As I went through the expansion, many providers asked me How I did it. In fact, the top question that I received was, How much did it cost?

Today, I want to share 4  Expansion tips that I believe are a crucial part of the expansion process:

1. As you apply for finances for the expansion, be prepared to issue (2 years) of financials or profit and loss reports to your bank or lender.
2. Be prepared to write a Lease proposal if you really want the building.
3. Before moving into a new location, check the license records on that location (if the building was previously licensed for childcare, particularly the enrollment numbers.) This is a great way to assess the need of the location.
4. Complete a start-up budget for full capacity and a budget that reflects being only filled to 50-60 percent of the capacity. This method will give you a realistic view of how much money the Center will make.

For more Expansion or Start-up Tips, Download a Copy of my Child Care Business Expansion Guide Today!

If you need Start-up or expansion coaching, contact me today! click here

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Much Success To You!
Shiketa Morgan

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