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

Archive for the ‘Home Daycare’ Category

Quality Care is Hard Work

 

The picture that you see above, is a photo of my husband putting together a new playhouse for our playground.  The day that I took this picture, we were working at the center on a Saturday morning, preparing for Re-Accreditation.

My facility has been Accredited by the Missouri Accreditation of program for Children and Youth since 2006 and we are in the process of being re-accredited.  As I go through the accreditation process, I realize how much work is involved in providing quality childcare including;

  • Evaluating Administrative practices
  • Improving Health/Safety practices
  • Improving the physical environment
  • Improving the Curriculum
  • Evaluating Parent connections and so much more!

On March 20, 2012, an Accreditation Validation review team stopped by my center to evaluate our quality care practices. Now……. you would think that after going through three accreditation observations in my center and one in my home daycare, that I would not be nervous.

On the day of the visit, I was so nervous to have strangers in my center evaluating every little detail of the program. Then I had to give myself a positive talk and remind myself that I am an Expert at Quality Care and I have nothing to worry about!

I also had to remind myself that I focus on quality care, because children deserve quality care and parents want quality care. Moreover, there are many definitions of what quality childcare is, however, the highest form of quality care is Accreditation.

I want to inspire you to seek  Accreditation. If you cannot afford it, I am sure that there are some agencies in your area that would love to help pay for your Accreditation.

Quality Care is Hard work, however, when parents know that you provide quality care, they will choose you over other childcare programs. Furthermore…all the hard work of building a quality program is worth all the sweat and labor!

I want to invite you to check out my post on Accreditation and subscribe to my e Course, 7-steps to Quality Care.

 

With Quality Care in mind,

Shiketa

Category:

Accreditation, Child Care Center, Home Daycare, preschool, Quality Care

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Mastering Your Money in Your Child Care Business

I was inspired to write this blog post after processing my monthly payroll and paying the bills in my childcare business. As I wrote checks to pay my business bills, I realized the importance of cash flow. In fact, when you have cash in your business, you are able to buy the things that your business needs and pay your business debts.

Several weeks prior to paying my bills, I realized that I did not finish processing my food program claim, because I was so focused on getting my center re-accredited.

When I realized that I had not finished processing my food program claim, it was too late to receive my payment in the month of February.  Unfortunately, I discovered that my payment was going to be late and this was going to cause a delay in my accounts payable.

Several weeks later,  I received that my food program payment and I was so glad that I had funds to pay bills. Furthermore, I realized that when there is a cash flow problem, this will cause you to be late paying your bills and it also prevents you from buying what you need for your business.

To assure that you have a constant cash flow in your childcare business I want to suggest the following to you:

  1. Create a monthly budget for your business
  2. Only buy what you need for your business
  3. Never stop marketing your business
  4. When you are not able to pay your bills, make payment arrangements with your creditors to protect your credit.
  5. Be diligent about collecting payments from parents. I suggest collecting payments 2-4 weeks in advance.
  6. Process Subsidized Childcare Payments & Food program claims by the due dates
  7. Always be on the look out for business grants
  8. When parents do not pay on time, charge a late fee.

This is just a small list of ways to master your money, because after all…your money is the lifeline of your business. Moreover, when there is no money; there is no Cash flow!

Do you want to become a master of your money? Are you ready to improve your business management skills? Join the Child Care Center Owner eClub. Join Today!

Are you a home daycare provider? Feel free to check out the Family Home Child Care Business Empowerment Club, where you will be empowered and inspired to manage your money and build a quality in-home preschool.

With Your Business in Mind,

Shiketa

Be sure to check out the video below and I look forward to your feedback about this post……

Category:

Accounting, Budget, Business Management, Child Care Center, Home Daycare

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