Money Problems

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • winkiedee
    New Daycare.com Member
    • May 2012
    • 17

    Money Problems

    I am new to the forum as of today and to make a long story short my problem is money. I opened almost 5 yrs ago and have been full (licensed for 112) most of the time. I have dropped 25 kids recently and most is due to the economy. I know closer to when school starts I will get alot of kids again, but since I have been open I havent had any spare money, no cushion for down time like now. I am so depressed about this! I have a good facility but not enough money coming in. My rates are compatable with other centers. Any suggestions are welcomed please!:confused:
  • Blackcat31
    • Oct 2010
    • 36124

    #2
    Are you pre-pay or post pay? Do you charge per space or for only when the children are there?

    I asked a bunch of questions in your other thread too so hopefully I, or someone else has some ideas for you to try....

    Comment

    • Michael
      Founder & Owner-Daycare.com
      • Aug 2007
      • 7947

      #3
      Since you are comparable to other centers I wonder if you charge extra fees for early drop off or late pickup? I would imagine there are also some extra perks that could generate money with such a large client base.

      Here are some threads on fundraising: https://www.daycare.com/forum/tags.php?tag=fundraiser

      Comment

      • MizzCheryl
        Advanced Daycare.com Member
        • Mar 2012
        • 478

        #4
        Can you ask your staff to volunteer for temporary layoff weeks.
        Not Clueless anymore

        Comment

        • winkiedee
          New Daycare.com Member
          • May 2012
          • 17

          #5
          they have cut back on hours...

          Comment

          • DaisyMamma
            Advanced Daycare.com Member
            • May 2011
            • 2241

            #6
            All good ideas. Make sure those late and early fees are strict especially.

            It sounds like you might need to lay off a couple of employees. Good luck.

            Comment

            Working...