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

Posts tagged ‘Daycare expansion’

Are You Ready For Business Growth?

building blocksThe year was 2007 and I thought I was ready to expand into two locations. So, I began to look for a second location. I found a building that was about 15 miles from my current child care center at the time.

I called my license specialist, I set up a time for her to view the building. The building and the location was perfect, however there was one issue; I was not mentally ready to manage two locations grossing in over one million dollars in revenue.

In fact, I had only been operating my first Child Care Center for only four years and I was struggling with managing staff.

So, I decided to not open that second location in 2007 and I decided to increase my knowledge in Business and pursue a business degree.

In 2010, I completed my Business degree Online at the University of Phoenix and I am proud to say that was the best business decision I could have ever made.

I have been empowered to do business on a larger scale!  Moreover, I am in no way saying that you need a Business degree in order to manage Business growth.

However, I am saying this; get the information that you need to manage a larger Business. This could include, getting a mentor, reading books on staff & business management. Whatever your plan may be, get prepared before you consider expansion.

Four years after completing my Business degree, I knew in my spirit that it was time to expand. My massage therapist told me about a vacant building that was only 1o -minutes away from my current location.

So, I stopped by to see the building. When I walked on the property, I knew that was my second location.

My Twelve years of experience operating a center along with getting that Business Degree; prepared me to manage a 6,000 square foot building that would be licensed for 99 children with 20 plus employees.

Also, within two years of moving into that location, I opened another location. Now, my vision of having multiple locations has become a reality!

It may not take you 12 years to prepare for Business Growth, however, I  am so glad that I didn’t expand back in 2007, because I believe it would have drove me crazy or drove me out of Business!

Today, I want to share with you, 7 Insightful ways to get Prepared for Business Growth:

  1. Evaluate the State of your Business Financial status. Are you doing a great job managing the budget? Is it vital to your Business, that you expand? Do you have the funds to grow your business?
  2. Evaluate your Business Management Skills. How are you doing managing the current Business? Do you feel like you are a great business manager? Do you feel that you can handle more?
  3. Get a Coach. Do you have the knowledge to operate on a Bigger scale? If not, get a coach or a mentor?
  4. Learn from other Business Owners that are doing Business on a Bigger scale?
  5. Believe you can do it and Trust your Instincts!
  6. Develop a Plan to grow as a Leader. If you are not developing the leader within, you could literally destroy your Business Growth & Success!
  7. Get Organized! The more that you have to manage, the more organized you will need to be.

I want to hear from you! What’s stopping you from growing your Business? Are you ready to grow your Business? Let’s talk….

Shiketa

Recommended books:

Child Care Business Expansion Guide

The Art of Owning a Center

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 Business someday? Thinking about starting a Child Care Business? If so, I want to share with you why I think the three tips mentioned above are vital to your Business Growth or Start-up process.

 

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.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

Download my Business Growth Plan 2013

Tag Cloud

%d bloggers like this: