Financial Model Forecasting Helps Plan and Run a Successful Childcare Business

Analyse your existing business or one you are considering with financial model forecasting to determine income and project growth. Without keeping an eye on the numbers, having a profitable business is a challenge. Childcare forecasting requires a different type of information than financial modelling in other industries, and working with a company that understands that provides a solid solution.

Many businesses promise to help manage and maintain your financials, but Early Learning Management brings extensive childcare experience to the table. They understand how childcare businesses run, the specific needs of the industry, and what it takes to realise a profit.

Childcare Management Services

Make a list of everything you want in a childcare management solution. The ability to access historical recordings, create budgets and forecasts, and model different scenarios is probably at the top of the list. The ability to analyse key performance indicators lets you determine if your business and marketing decisions are moving in the right direction.

Working in childcare requires different management than other industries. Regulations dictate many of your decisions, and managing costs is a challenge. Using a company dedicated to providing childcare solutions keeps the information you need easily accessible.

• Create a break-even analysis, showing at a glance where the business stands financially.
• Childcare-oriented, you won’t be pressured into making decisions based solely on financial decisions.
• Comprehensive reporting, including financial statements and supplementary information.
• Financial planning and analysis, offering advice to help keep your business on solid financial ground.
• Key ratios and statistics, summarising the current condition of your business’ finances.
• Scalable, growing isn’t every childcare provider’s goal, but if it is, you want childcare management services that grow with you.

Aside from financial support, expect help in the day to day administrative duties, including bookkeeping and payroll. Searching for help getting your finances in order? Rescue bookkeeping can take your information and get things organised and reconciled.

The idea of setting up and learning a new financial and bookkeeping system may seem overwhelming, but Early Learning Management helps smooth the transition. They will take your existing bookkeeping information, however it is maintained, and convert it to the easy to operate and intuitive Xero.

Childcare forecasting and financial management aren’t all required to run a successful childcare business. Working with a company that offers marketing and website services lets you expand into new markets. In addition to general marketing duties, a company that provides branding services, local SEO, social media management, and Google ad service puts your business in a solid position for growth.

“Early Learning Management provides all this and more. Lincoln Bridge, founder of Childcare4Sale, a childcare specialist broker, has this to say about ELM: “I’ve worked with many corporate childcare operators on financial modelling over the past 15 years. The financial modelling by ELM is by far the best I’ve come across. Anyone buying a childcare business should be including this as part of their financial due diligence.”

The financial modelling forecasting provided by Early Learning Management provides the information you need to make sound business decisions. With 30 years of experience in childcare and 20 years experience in investment banking, as well as Big 4 accounting experience, you can be confident that this product includes best practices for your childcare business.