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

Choosing a Business Mentor

10 04 13

mentor

 

Are you having challenges with your Child Care Business? Thinking about expanding or Starting up a Child Care Business? If so, I want to suggest that you seek out a Business Mentor. Business mentoring is a great way for you to gain new Business insight and effective mentoring will help you to get unstuck!

When I decided to open my Child Care Business back in 1998, I was very frustrated, because I could not find someone to help me to get the Business Started other than the Child Day Care association. In fact, a Representative from the CDCA stopped by my home, gave me some toys and some books to read and I was still stuck!

So, I decided to buy books on the Business of Child Care. The books were helpful in the area of paper work, however, when it came to managing staff, I needed more help!

I eventually found a great mentor and she still gives me great advice right now today! In fact, she encouraged me to mentor other Child Care Business Owners and I’m glad that she did…because I love it!

Today I want to share 5 effective ways to seek out a Business Mentor.

1. Choose a mentor that has a proven track record or who is willing to openly share his or her business successes or failures.  Furthermore, a true mentor will never hold back vital information.

2. Offer to take your potential mentor out to lunch or offer to pay for his or her time. If you want to go to another level, be willing to pay the price. What we pay for…We tend to value more!

3. Choose an experienced mentor. For example. If you want to start a chain of childcare businesses, it’s not a good idea to seek business advice from someone who has only been a business owner for 1 year.  Unplug, from groups of complaining Child Care Business Owners and get a Mentor or  a Coach!

4. I do not suggest, that you stop by local daycare’s for start-up advice. Child Care Center owners are very busy and I suggest that you call or send an email, inquiring about mentoring. Here is a sample Mentor ship Invitation:

Hello (Your prospective mentor name)

My name is (your name) and I really admire the way that you run your Business and I would love for you to be my Business mentor. In fact, I’m sure that you are busy and I was wondering if I could take you out to lunch and discuss the possibility of you being my Business mentor.

If you are not available to meet me for lunch, I would love to offer ($______) for 1-hour of your time.

My goal is to open a __________________ and I need some direction. I look forward to hearing from you soon and I can hardly wait to meet with you.

Your name

I can remember when I wanted to expand my Child Care Business and I reached out to a local Business Owner (who owns a Fortune 500 company). She was too busy to mentor me and referred me to one of her business partners. That’s when I decided that some business owners are too busy to mentor other Business owners and there is always someone else that is willing to share with you what you need to know.

I currently have 2 Business mentors: One for my Online Business and One for my Child Care Business. Furthermore, I encourage you to choose a Business Mentor, because having wise business counsel is a vital part of your Business Success.

To Your Success!

Shiketa

If you are seeking out a Business Mentor, I would love to mentor you. Click here

Category:

Quality Care

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Multiple Streams of Income Tips For Child Care Business Owners

10 02 13

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On October 1, 2013, the United States Government Shut down. In fact, when I first heard the news, I thought: Oh My gosh, this could affect subsidized childcare payments and food program funds.

In my current Child Care Facility, 61 % of my center’s  income comes from subsidized childcare payments;15% of the income comes from Food program funds and 25% comes from private paying parents.

Moreover, when I received the news of a Government Shut down; I was reminded of the importance of having multiple streams of income. In fact, If your Child Care Business is not highly subsidized, the government shut down may not affect you.

However, if your Child Care Business receives at least 50% of its income from government assistance; it is vital that you look into having multiple streams of income.

When you have multiple streams of income, you will have a back-up income source in the event of low enrollment or a government shut down.

Five years ago, I decided to try Internet marketing and that was a great way to supplement my income. Started up another business, was good for me, because I had kids on the brain all the time!!

Then as I began to grow an online Business, I discovered a gift of writing/Consulting and I began to build another stream of income.

Furthermore, when I experienced a slow season at my center, my Online Business was my back–up income.

I’m not suggesting that you take your focus away from building your business, however, I am simply inspiring you to never put all your eggs in one basket (as my grandmother used to say).

Multiple-streams-of-income

Here are a five ways to add Multiple Streams of Income:

  1. What talents do you have that you are not using in your Child Care Business?
  2. You can start an internet business for less than $100. Do you love to help others look or feel great? Try Mary Kay, Juice Plus+, or even Avon.
  3. Build a website, make money from the ads, sell information or products online.
  4. Write a ebook and sell it online.
  5. Are you crafty? Set up a vendor table at a local event and sale gift baskets, blankets, pillows,etc.

This is just a few ways for you to increase your income when there is not enough income in your Child Care Business. Do you need help getting started, leave a comment below or contact me for a Coaching session on my Inspired Business Woman Blog!

Child Care may be your Purpose in Life, however, there is more money to be made from your Passion!

Don’t let a government shutdown stop you from creating your very own financial freedom!! In fact, its time that you start thinking like a Millionaire and Increase Your income Streams!

Here is a Free Download from my 21-Day Mastermind eClub, —> Millionaires Have Multiple Streams of Income

Shiketa

Check out My upcoming Teleseminar Event, get Empowered for 2014! click here

Category:

Business Management, Finances

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