Feeling stressed about the slower months in your childcare business? Dreading the summer months when parents decide to pull out their kids from your program….maybe losing sleep over the dunk in sales? Being prepared can help you take on the slower months like a boss and can help you get past them.
I spent many sleepless nights thinking that I had more days than cash flow at the end of the month. Over time, I learned how to prepare my business and my mindset to take on the more difficult months.
Here are a few tips you can try!
You can’t control when your slower months will appear in your calendar but in your childcare business but you can control how prepared you are financially.
Start an emergency fund and add to it monthly. Just imagine knowing you have enough cash flow to overcome your slower months without stressing. Wouldn't that feel amazing? Automate if you must, just set it and forget it.
2. Know your calendar and minimize expenses
Awareness is key when prepping for slower months in your childcare business. You have to know when the slower months usually are so that you can intentionally prepare. This can be easily done by tracking your months. Once you know when you’re struggling it’s time to get to work. Pass out a summer vacation calendar and ask your clients and staff to mark off their vacation dates. Once you know how many kids are going to be present then you can adjust your staff's schedules, your expenses and get prepared accordingly. If the kids on vacation won’t be coming back after their holidays, why not call in the next child on your list and ask the family if their child can start sooner?
3.Get creative and put together events to increase cash flow.
Get creative and start thinking of ways you can increase your cash flow….
Hold a book fair for your community
Hold a summer BBQ fundraiser
Rent out your classroom after hours to specialists offering workshops to kids and families
Rent out your classroom for weekly meetup groups.
Have a list of replacement kids that need a spot occasionally
If there’s one thing you can control is your preparation heading into slower months. In business, there are ups and downs and in childcare, it’s no different but being prepared half the battle.
Let me know your slow month preparation hacks down below!