ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Operating Tips On Caring For Kids - Part 6

Updated on March 20, 2011

Once you have decided to begin the removal process, it is important to have a realistic time frame (2-4 weeks) in which the family can work. Contact your local referral agency for a list of licensed kids care options. If a child has experienced a difficult time coping in your center, he or she will probably have a similar experience in a different large group setting, so look for home-care options. This plan of action will also allow staff and parents to gain confidence in your professional approach.

Now look at your long-range planning. The key to your success in this area is to be at least three to six months ahead in each long-range category. When looking at your budget, don't cut the meat cut the fat. Look at your monthly expenses that are negotiable (garbage pick-up, foods, paper products, educational consumables, maintenance) and spend time finding the best deals. If you cut 10-20% off of a $100,000 non-fixed budget, you save $10,000-$20,000 a year. There are always providers that want to save you money to gain your business. However, these deals take phone time, patience and persistence but take the time to do it. If you own your building, this may be the perfect time to refinance. If you are renting in a storefront, try to negotiate the lease price down when your lease expires.

Also, have you asked yourself if you are charging the right price for tuition? Your rates need to be changed each year to balance the increases in your payroll and other expenses. A 4-5% increase in tuition will not scare off many families. However, if you are raising rates multiple times each year or are implementing increases in the double figures, families tend to feel the change more than if it is done gradually. If you must raise tuition into the double-digits, you need to justify to parents why this increase is necessary. If you are raising rates because of low enrollment, your hope to make up lost dollars may be a lost cause. Instead, work on filling your classrooms by developing a solid curriculum and focus on retaining key staff to execute the programs. This is very important because a weak program and constant staff turnover will cost you enrollment in the long run. Your center will develop a bad reputation from negative word-of-mouth (or no word-of-mouth) in the community.

Use a rate increase and the money you save from any non-fixed re-negotiation primarily for key staff member retention. This is the best place to put that portion of your budget. Parents don't mind an increase if they can see their money going to retain positive caregivers.

Another point to address is your center's reputation in your town. Effective marketing is also one of the most overlooked aspects of center management. Costly high-priced advertisements are not necessary and really do not bring in the long-term enrollment. The only exception to this rule is phonebook advertising, which is costly, but essential. All other forms of media advertising (radio, newspaper, magazine) are not necessary to fill up your school.

Continued In Operating Tips On Caring For Kids - Part 7

Back To Start

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)