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

Archive for the ‘Finances’ Category

Grants for Daycare Centers

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The top question that  many childcare care business owners ask me is:

” Do you know of any grant opportunities.”

Having access to grant funds has many benefits, including:

  • Having  funds to expand your childcare business
  • You will be able to purchase needed equipment and materials
  • Funds for Professional development & Training
  • Making needed Physical Improvement to the building
  • And many other improvements to your childcare business without borrowing money

If you’ve ever had the opportunity to apply for a grant for your childcare business, you may have noticed that it is a very competitive process.  When a grant opportunity becomes available, there may be thousands of childcare businesses applying for the same grant and only a handful of providers will be awarded the grant.

I know from experience that the grant writing  and selection process may not seem fair to providers who are in desperate need of funds for their childcare business. In fact, I wish  there were more grant opportunities available each year to help to improve current childcare businesses and not just for new childcare business start-up.

If you are a childcare business owner, I’m sure that you may agree that the income that you receive from parents or from subsidized childcare payments, is simply not enough to make needed improvements for your business throughout the year. Moreover, there is usually very little funds left over to purchase new learning materials as often as you desire.

According to Sarah Norris of Total Child Care in Wilmington, “For profit centers, grants are almost nonexistent. It’s very hard to find many grants that are for profit centers and so you have to be very astute in trying to find ways of raising money for your center because you cannot charge parents what the true cost of quality is.”

Check out this video of Sarah discussing Grants for Daycare Centers:
Grants for Daycare Centers: How to Own a Daycare | eHow.com.

Shiketa Morgan

Recommended Training: How to Effectively Manage your Child Care Business Budget

Category:

Administration, Finances, Grants

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Steps To Having Increase In Your Child Care Business?

The Child Care Business is full of financial ups and downs, including: Low enrollment seasons.  Has there been times when you looked around your business and you really want to upgrade, but you didn’t have the funds? Also, have you wondered, where are the grants or should I get a bank loan?

These are all valid questions and  I believe that if you are asking these questions, you want your childcare business to succeed.  Having financial increase assures that you are able to supply your business with the things that it needs and to also supply you with financial increase.

In 2005, I experienced some financial lack in my business. It was devastating. My enrollment went from 40 to 10 children. I was forced to cut my employee hours and I was in the process of selling my business to another childcare center that was thriving.

After much prayer and thought, I found the faith to keep going. I reviewed my marketing practices, I evaluated the books that I was reading, I sought spiritual advice and I changed my mindset about my business.

Some of the things that I did to transform the financial status of my business included:

  • I bought an audio series titled” Increase” by Bob Harrison. This changed the way that I looked at my business and transformed my thoughts to increase thoughts. I stopped thinking lack, and started thinking increase.
  • I started speaking increase over my business. Instead of talking about the lack of enrollment, I started talking about the kids that were to come.
  • I expected the enrollment to increase!

After applying all three of these steps, my enrollment increased, my employees were more confident in my leadership and I do not speak lack words over my business any more. Moreover, I constantly meditate on increase thoughts and speak increase daily over my childcare business. Furthermore, I get rid of slack when I see it, because slack also leads to financial decrease.

My experience  has motivated me to share with you that a childcare business can be a wealthy and thriving business if we think increase, have increase behavior and expect increase.

Examples of Increase Confessions and Thoughts:

  • My Business will thrive
  • I am expecting more finances
  • Looking forward to grant opportunities
  • I need to be prepared for an increase in enrollment
  • I am expecting a Great Fundraiser to purchase needed materials

If you know of any grant opportunities or fundraising programs that will help other providers increase funds in their childcare business, feel free to share them by commenting below.

 

To Your Success,

Shiketa Morgan

Category:

Administration, Budget, Enrollment Building, Finances

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