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

Posts tagged ‘daycare’

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

Tagged with:

Add A Touch of Magic With “Bob Beetle Book Bug”

I have read many books to children, however, Bob Beetle Book Bug is a great book that inspires kids to read. I received my copy of the book at my childcare center on Monday March 5, 2012.

The Preschool teachers really loved the Book!  I could have just settled for their feedback, however, I had to read the book for myself.

So, I decided to  read the book to a group of school-age kids in a very animated voice. The kids were really engaged in the story and it was a fun and magical story time.

In fact, the kids really enjoyed  saying ” Bob Beetle Book Bug ” (really fast three times)  at the beginning of  the book.

Moreover, the book is filled with humor, magical words and it really encourages kids to read books. Also, the last page of the book, includes a promise to read:

” I Promise to read with my family a little everyday.

I promise to take time to read before I start to play.

I promise not to munch on the pages of the book,

but I will pass it on to my friends so they can take a look.”

I want to inspire you to add this book to your reading center(s) and Connect with the Author, Phyllis Griggs on Facebook and Follow Bob Beetle Book Bug on Facebook.

Order Your Book Today! and Introduce the little ones in your Child Care Business to the Magical World of Books….

With Reading in Mind,

Shiketa

Category:

Quality Care

Tagged with:

Tag Cloud