Money Problems

[winkiedee]

I am new to the forum as of today and to make a long story short my problem is money. I opened almost 5 yrs ago and have been full (licensed for 112) most of the time. I have dropped 25 kids recently and most is due to the economy. I know closer to when school starts I will get alot of kids again, but since I have been open I havent had any spare money, no cushion for down time like now. I am so depressed about this! I have a good facility but not enough money coming in. My rates are compatable with other centers. Any suggestions are welcomed please!

[Blackcat31]

Are you pre-pay or post pay? Do you charge per space or for only when the children are there?

I asked a bunch of questions in your other thread too so hopefully I, or someone else has some ideas for you to try....

[Michael]

Since you are comparable to other centers I wonder if you charge extra fees for early drop off or late pickup? I would imagine there are also some extra perks that could generate money with such a large client base.

Here are some threads on fundraising: https://www.daycare.com/forum/tags.php?tag=fundraiser

[MizzCheryl]

Can you ask your staff to volunteer for temporary layoff weeks.

[winkiedee]

they have cut back on hours...

[DaisyMamma]

All good ideas. Make sure those late and early fees are strict especially.

It sounds like you might need to lay off a couple of employees. Good luck.