Owners of daycare centers, family daycare centers, and preschools are feeling the effects of the state of the economy. Many daycare centers have experienced enrollment decreases, and as a result many childcare center owners have had to lay off staff or cut staff hours. In addition many child day care centers have had to reduce services.
Fortunately, in times of economic struggle, there are several ways that daycare providers can reduce their business costs while continuing to serve children and families.
One way is by reorganizing staff schedules and reducing payroll. “In most schools, payroll is the largest expense. Close attention to attendance and arrival/departure times may allow faculty schedules to be streamlined without jeopardizing quality or teacher-to-child ratios,”says Joseph Schumacher, CEO of Goddard Systems, Inc.
Julie Moye, co-owner of Kids ‘R’ Kids preschools in Cary, Morrisville and Research Triangle Park, N.C., agrees: “The cost of employing quality teachers and management is the highest expense category in operating a preschool. Managing these costs through proper shift scheduling and efficient use of employee hours is critical. We have also reviewed all of our supply pricing for food, classroom supplies, cleaning services, etc., to ensure we are getting the best value for every dollar spent,” says Moye.
Another way to cut costs is by re-evaluating your current venders. “Other areas to consider include evaluating all vendors to ensure best rates and negotiating group buying power with other schools in the area. Invest in energy-efficient technology, “suggests Schumacher.
If your daycare business is struggling for supplies, requesting donations is a good way to obtain free supplies for your childcare center or family daycare. Create a list of all of the things that your daycare center needs or wants, whether big or small. Post this list on your bulletin board, distribute the list to parents, and post your needs on bulletin boards throughout the community.
Your childcare center might request donations such as craft supplies, props for dramatic play, used clothes, furniture or baby accessories, books and toys, and cleaning supplies like bath towels, laundry detergent, dish soap, and bleach.
Your daycare center might even ask for donations for tuition for a child in need (No amount is too small. Even $10 could help a child). In addition, it is wise to ask parents to volunteer their time working in your daycare center. Parents can help with field trips, crafts, or even read to small children during story time
Lastly, request ideas for cost cutting from fellow daycare business owners. Some of the best ideas come from the front lines.
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