Thanx 4 sharing - good info - really appreciate care providers Comunity
Originally posted by Thriftylady
In my opinion, if you give them a discount because they can't afford you, they will ask for more special later. Like picking up late without a fee, dropping off early without a fee, wanting special foods, etc.
From experience I can tell you this... When I restarted a year and a half ago, I hardly got any calls. Still don't get many. I finally got "full" starting last Monday. And most of my kids are part time. I am not making a ton now, but it is doing what it should and helping us financially enough we can finally breath! I turned down some families. Termed one who "couldn't afford me". I gave her a discount her first week until she got a paycheck. She came to me at the end of the week and told me "my check was less than I planned so can I just pay you the $80 next week?". I said well if we do that, you will owe $160 half for next week and the rest for the following week, because we HAVE to get you on prepay. I never saw or heard from her again. I consider it a term, because she wanted to bring him but found out that I WILL get paid. I needed the money, but I can't afford to go so cheap I am loosing money. Doing daycare costs us money, it isn't like because we are at home we have no expenses.
Thanx 4 sharing - good info - really appreciate care providers Comunity & communication - ThanQ
One of the things that has kept me on track was calculating what the tuition rate is
Originally posted by thrivingchildcarecom
I agree with posts. I have offered a discounted rate in the past to a current family (I mean really discounted) and now regret it. Mom said it was much more than she had been paying and couldn't afford it. Now, about a year later, she has started her own business and bought a house. I made a shift in my thinking regarding giving discounts in the future. If I feel the need to give discounts, it will be for a LIMITED TIME (say a month) and still only be on a case by case basis. When I started years ago I offered a 20% sibling discount (what was I thinking). Then a family left and told me that the new day care only offered a 10% discount. I quickly changed to that as well. One of the things that has kept me on track was calculating what the tuition rate is on an hourly basis. If I see that it drops to less than $3/hr, I realize that it is not feasible. I actually show that hourly rate to the parents in a Tuition Worksheet so that they can realize what they are actually paying, but it really is an eye opener for me and keeps me on track just as much. We all have to do what we need to do for our business, but we also need to make adjustments to making sound business decisions for the good of the business as well.
One of the things that has kept me on track was calculating what the tuition rate is on an hourly basis.
Good1 ThanQ
One of the things that has kept me on track was calculating what the tuition rate is on an hourly basis.
Good1 ThanQ
I go lower on my hourly rate, but it depends where you live. I live in a cheaper area than many, but maybe more expensive than some. But I refuse to work to just "break even" I could sit around and watch soap operas (except that I can't stand them ) and do nothing and break even .
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) and do nothing and break even
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