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

Posts tagged ‘how to expand a daycare’

4 Crucial Child Care Business Expansion Tips

Do you have plans to expand your Child Care Business in the near future? Are you afraid of expansion? Don’t know where to start?

If you answered yes to the questions above, this post is for you!

As you may already know, I expanded my Family Home  Child Care Business into a Center in 2003 and in 2014 I expanded again!

My Dream Location!!

On December 1, 2014, I moved into my Dream Location. 6,000 square feet with a large playground and very large classrooms. I could not have asked for a better location.

As I went through the expansion, many providers asked me How I did it. In fact, the top question that I received was, How much did it cost?

Today, I want to share 4  Expansion tips that I believe are a crucial part of the expansion process:

1. As you apply for finances for the expansion, be prepared to issue (2 years) of financials or profit and loss reports to your bank or lender.
2. Be prepared to write a Lease proposal if you really want the building.
3. Before moving into a new location, check the license records on that location (if the building was previously licensed for childcare, particularly the enrollment numbers.) This is a great way to assess the need of the location.
4. Complete a start-up budget for full capacity and a budget that reflects being only filled to 50-60 percent of the capacity. This method will give you a realistic view of how much money the Center will make.

For more Expansion or Start-up Tips, Download a Copy of my Child Care Business Expansion Guide Today!

If you need Start-up or expansion coaching, contact me today! click here

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Much Success To You!
Shiketa Morgan

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Coaching Options Available To You

Having a Business Coach is a great way to stay inspired and motivated in Business. I have been a Child Care Business Owner for 17 years and I love mentoring Child Care Business Owners. Most of all, I love sharing from my Successes and struggles in the Business of Child Care.

I have owned a Family Home Child Care Business and two Child Care Centers. I know what comes with owning a Child Care Business and it is vital to your Business Success that you have the Support of a Business Consultant or Coach. That’s why I created Individualized Child Care Business Coaching Options!

In my Coaching Sessions, I share my Business secrets and strategies with you and I Commit to coaching you through any Business challenges that you may be facing!

 

expansionTime For Expansion Child Care Business Coaching Plan

In my Child Care Business Expansion Coaching Plan, you will have access to the following:

  • 2- hours of Live Business Expansion Coaching
  • Audio Replays from the Child Care Business Expansion Group
  • a Free copy of the Child Care Business Expansion Guide
  • A Free copy of the Art of Owning a Child Care Center ebook

Sign-up Today For only $197!

Start-up Bundle PackageStart-up Coaching Bundle

Do you desire to start a home daycare or a Center? I would love to coach you through the start-up process. In my Start-up Coaching Plan you will have access to the following:

  • 1-hour of Live Start-up Coaching with me
  • A Free Copy of my 10 Steps to Starting a Child Care Business ebook
  • Business Forms including: Business Plan, Start-up Budget assistance.

Sign-up Today for only $99

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Hourly Telephone Coaching

Having Challenges in your Child Care Business? Are you simply needing to Get Inspired and Motivated Again?

If so, sign-up today for your 1-hour Child Care Business Coaching session with me.

Sign-up Today for only $97 per session

Testimonials

“Mrs. Morgan, is an effective coach that understands her role to be dependable, engaged,authentic,and tunes into the needs of her client.” ~Juanita Montague

I personally have taken her coaching program and I have seen tremendous growth in my business in a matter of days! ~Andrea Dickerson of  DayCare Success Online Network

Shiketa is an amazing business professional, she is very knowledgeable and her tips have given me great insight on how to grow my child care business. She has been the most valuable connection I have made thus far and I am so appreciative she has shared her deep wealth of knowledge.”~AimeeNester

“When I first started my childcare business I could say I was a little lost when  it came to designing and maximizing my space. But, after working with Mrs. Morgan I realized the potential and we devised a space that is not only warm, family friendly, but is absolutely educational in every aspect. I can proudly state that I have not had one visitor that was not amazed….by our setting. “~Ann, Family Home Child Care Business Owner in St. Louis, MO 

** For on-Site coaching, additional travel and/or hotel accommodation fees will apply. A Travel expense invoice will be emailed to you.

I look forward to coaching you to Success!

Shiketa

 

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