Many childcare business owners do not understand the importance of the break-even point and how it is calculated. While breaking even might not seem like much of a business goal, it’s an essential reference for the financial success of the business. Your break-even points provide vital benchmarks in long-term planning.
Welcome to Early Learning Management’s A-Z of childcare and childcare management.
From 1 January 2020, providers of long day care services & preschools/kindergartens will need to have a second early childhood teacher or, alternatively, a ‘suitably qualified person’ in attendance when 60 or more children preschool age or under are being educated & cared for. Services located in NSW are unaffected
Fiscus Business Intelligence “Fiscus, from which comes the English term fiscal, was the name of the personal chest of the emperors of Rome. The word is literally translated as “basket” or “purse” & was used to describe those forms of revenue collected from the provinces, which were then granted to
Be Clear on Decision Making! The Early Learning Management Team has been developing high quality, scalable financial childcare centric models for clients. We now have a cost-effective premium financial modelling service, at more affordable prices than other consultants charge to build static, non-best practice financial models. We have been working
The Finance Team is delighted to announce our new Team member Jenna Dawes. Jenna has extensive knowledge in the fields of accounting & experience implementing new accounting packages/processes into growing businesses. Jenna has over nine years’ experience in financial-based roles & 5.5 years’ experience in an office managerial role which
Financial forecasting is one of the important aspects of starting a childcare centre. It involves projecting the financial impact of trends & changes in a childcare centre’s operations. A critical step in the forecasting process is developing a start-up budget. Setting a budget helps you estimate your income & expenditures
Money is the lifeline of your childcare business. The money coming in & going out of your accounts makes or breaks your business. The most effective way to manage your finances is to set a budget & monitor how closely you are able to stick to it. Underst&ing the financial
Financial forecasting is critical to a business’ success. It enables business owners to minimise risks & make sound decisions in anticipation of unforeseen circumstances. By looking at internal & external historical data, businesses can make assumptions on the challenges or opportunities that they will need to prepare for. Financial forecasting,
Nobody knows what the future holds. One minute there’s a growing trend of children enrolling at your centre; the next minute, there’s a change in the economic climate forcing you to cut down on expenses. Childcare centre owners have to find a way to make good decisions based both on
A successful child care development strategy for your business involves building the right team for your childcare facility. One way to achieve that is by hiring the right childcare staff & educators, ensuring that the children enrolled in your care will have people who can both teach the children & help develop
A childcare centre that’s committed to preserving the environment is a great place for kids. Through green practices, early childcare educators teach children to be responsible for their behaviour towards their surroundings & lead them on a more environmentally conscious path. In fact, some parents prefer centres that embody these