Celebrating 16 Years of Inspiring and Empowering Child Care Business Owners

Posts tagged ‘business growth’

The Business Skill That You Must Makeover In 2014

Child Care Business Owner Makeover Series
Business Makeover Tip #7:
It Is Vital That You Makeover Your Leadership Skills in 2014
Leadership Ability Determines a Persons Level of Effectiveness. ~John Maxwell

Every Child Care  Business Owner has one thing in common: We all want successful Businesses! So with that in mind, It is also important for you to be aware of the simple fact that Success never happens by accident and there are many factors that contribute to your success as a Child Care Business owner.

The #1 factor is your ability to Lead! ” Personal success without Leadership ability brings only limited effectiveness. Without leadership ability, a person’s impact is only a fraction of what it could be with good leadership. What is Leadership? Leadership is simply influence…nothing more and nothing less.

Think about this: How much influence do you have with the parents in your daycare? Do you have influence with your employees or the children? How has your influence impacted your relationship with your parents, employee, community or the children?

Now that I have you thinking, I want to give you a Free Copy of a 7-page Leadership Assessment form that I use with my clients who want to Grow as a Business Owner. Download Your copy Now.

(Be sure to share your thoughts about the assessment on the Child Care Business Owner Facebook page or tweet me @ccarebusiness

In summary, I have studied Leadership for 8- years and I must say that growing as a Leader has empowered me to grow on a personal and a Business level. In fact, as I grew as a Leader, my influence increased with parents, the children, my employees, my friends, social media followers, the readers of my books and my coaching clients. I want the same for you!

If you are ready to grow as a leader and makeover your Child Care Business in 2014,  Join me and my Guest Coach (Andrea Dickerson) on an upcoming Teleseminar where you will be empowered with Business Skills including Leadership Principles, Big Thinking, Enrollment & Marketing strategies, along with information on how you can Improve the quality of care in your program. Its time to take your marketing to another level…..

Let the Makeover Begin…
Shiketa

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 About Shiketa Morgan
Wife, Mother, Gmama, Child Care Business Owner since 1998, Business Consultant, Blogger, Self Published Author. Shiketa provides Business Owners with the inspiration they need to  Start-up a Business; Effectively Manage their Businesses and shares Divine Wisdom and Business Principles that will empower you to Build a Successful Business

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Business Expansion, Business Management, Child Care Center, Enrollment Building

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How to Figure Out If It’s Time to Expand Your Child Care Business

If you get a call from at least one parent every day who’s interested in enrolling their child at your child care facility, it may be time to expand your efforts. Expanding may mean that you’ll need to move to a different facility that’s larger, and it may mean that you’ll need to hire new staff members. Calculate how much it will cost to move to a new place of business and how much it will cost to hire new staff members. Then calculate how much of a profit you’ll be able to make from each new enrollment.

Sometimes expanding may seem like a good idea, but it isn’t always necessarily. You can end up actually losing money if you expand too soon and don’t have the right number of kids enrolled as you expand. If you feel as though growing your business is the best idea for your particular situation, you may need to consider raising your prices. This, unfortunately, could mean that you may lose the business of some parents, and you might not attract as much business. Consider your clientele’s needs and financial limitations before you raise prices in order to expand.

As you can probably tell, there is some risk associated with growth. However, whenever there’s risk involved in business there’s also the opportunity for significant profit. You may need to step up your game in terms of marketing efforts if you do decide to grow. Additionally, you’ll likely have to spend some time recruiting new employees, which can be fairly time-consuming. If you already have a fairly well-established child care facility, the work associated with growth probably won’t be unmanageable.

In these tough economic times, the number of stay-at-home and work-at-home parents is on the rise, which means that interest in child care outside of the home is on the decline. However, there will always be a need for child care businesses. If you think there’s enough interest from parents, expanding could be one of the advantageous things for you. Ultimately, your particular situation will determine what’s best. Just remember not to make any rash decisions, trust your gut, and make sure you calculate the costs associated with expanding versus how much profit you’ll be able to make as a result of your business’s growth.

About Guest Author: Carolyn is a guest blogger about small business marketing who helps people get the right order management software that will work with Shopify, 3dcart, and BigCommerce.

Recommended Resources

10 Steps to Starting up a Child Care Business

21-Day Mastermind eClub

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Business Expansion, Business Management, Child Care Center

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