5 Tips for Minimizing Backlash when Increasing Childcare Tuition
Get Ready to Raise Childcare Tuition No one wants to pay more for the same thing they’ve been getting for less, and childcare tuition is no different. That’s why, when raising your tuition rates, it is so important to plan and communicate in advance. Think about it. The last time Netflix announced a price increase, more »
Center Survival Guide: Your childcare staff makes more money on Unemployment. What now?
Our recent webinar, Center Survival Guide: Navigating the CARES Act and Keeping Revenue Flowing During the COVID-19 Pandemic covered a great deal of information, particularly about the CARES Act provisions most beneficial to childcare centers and preschools: The Paycheck Protection Program and PPP loan forgiveness Emergency Injury Disaster Relief loans FICA tax deferral Above-the-line tax more »
How to Help Parents Navigating the Homeschool Arena for the First Time
How to Help Parents Navigating the Homeschool Arena for the First Time The recent outbreak of COVID-19 has shifted the lives of millions. Businesses are closed, social distancing is being enforced, and many parents now have to balance their work and their children’s education under one roof. Suddenly having to divide their attention between their more »
4 Ways the CARES Act Can Help Your Childcare Business During the COVID-19 Pandemic
The CARES Act provides over $2 Trillion in emergency relief. For childcare and preschools struggling to pay staff members, utilities, and other operational costs, it’s important to know several aspects of the CARES Act that can help your organization survive the pandemic. The CARES Act can benefit your entire team by: #1. Granting Low-Interest Loans more »
How to Keep Childcare Tuition Income Flowing Despite COVID-19
Remember last year, as your childcare program’s fiscal year was wrapping up and you were setting up your budget for this year? You reviewed all of your expenses, you looked at historical trends for utilities, you checked the condition of your technology, your supply stock, your returning students, how many new students you could accept… more »
Is Forced Closure Halting your Nonprofit Childcare Program’s Cash Flow?
When you were setting up your budget for this year, you couldn’t possibly have planned for this. As is the norm for creating a nonprofit organization budget, you carefully weighed your expenses and potential income until they were balanced to perfection. The line earmarked for Contingency, like most years, was likely set fairly low, maybe more »