As a childcare center, preschool or Montessori, you face unique challenges with monitoring your financial health. A key to long-term success though, is strong finances and understanding how fluctuations in enrollment can affect spending and budgeting. We have some tips to help you manage this key aspect of your business.
In your business, you’re entrusted with people’s most prized possessions – their children. As a childcare facility, you must build trust and loyalty with your customers to get them to keep coming back. One way to build trust and loyalty is through transparency. Transparency comes in many forms, sometimes honesty and sometimes showcasing everyday activities.
As a childcare facility, it’s not every day that you get to roll out the red carpet and showcase what makes your business unique in how it cares for children…or is it? Every morning, parents drop off their children for the day and constantly make the choice to come back the next day. Shouldn’t this be the moment you treat it just like an open house or prospective client tour?
It’s another normal day at your childcare facility or school. Parents hug their kids goodbye and hope that everything goes well while they’re at work or out for the day. In contrast, when the kids stay with grandma for the weekend, the parents get regular updates throughout the day, but the work days are long without their little ones.