Trust no one. Most daycares are operated and owned by more than one person. To defray the cost of investment, someone who is thinking to put up a daycare business will automatically look for a partner. But there have been misfortunate cases that one embezzles what you two have painstakingly earned leaving you nothing but a burden to carry alone—that is tax debt. Technically, both of you will be liable for the tax debt but since your partner has already run off with the money, you are left alone to take care of your business’ tax debt. Now, how will you be bale to this if you do not have the money to settle your debt? How will be able to sustain your operations and keep the business?

Here are some things you can consider:

* Because you do not want what happened and with the reason that you have been the victim for having such an irresponsible partner, your tax debt can be lowered. Businesses which have been a victim of embezzlement or theft are given leniency by the IRS such as in the removal of your penalties. But since only 20 percent up to 30 percent can be deducted from your tax debt because of the removal of penalties, you are still mandated to pay for the rest of your tax debt.

* After you have already settled your tax debt, you should look at other means on how to avoid extra expenses in the business so that it will easier to pay your tax debt next time. Consider shifting to a home childcare business. You can save more money when you operate your daycare business in a home setting because you will no longer be spending much on equipment, among others. Your operational expenses when you run the business home-based will be cut down significantly.

* You can utilize your home resources for your daycare business and vice versa. You can save a lot because the two will actually be helping each other. You can also claim a part of your daycare business income to subsidize your expenses for food and mortgage.

By doing these, you have not only saved your business but you can also continue to give services to the children whom you truly acre for.

See: How to start a home daycare

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Flyers would be the first step in a day care facility’s advertising campaign. Important information is needed in the flyer, such as the facility’s name, address, operator’s name and phone number. Making them in different noticeable colors also helps send the message across. Having many flyers would help saturate the area for one’s business. Being timid about the rewards of one’s expertise and abilities is not needed as one needs to promote the business for it to operate and earn. Without any of thee, one would be similarly situated to a person trapped on a deserted island. But do take note of the costs of the flyers as it is a cost that one would recoup in the future and not immediately

The next issue to be addressed would be where does one give out these flyers? Finding an area with many parents milling about would be a good place to start. There would be bulletin boards in church or recreation areas, in supermarkets and malls, and even in school buses. As parents do the shopping, they would see your ad and get the flyer. Afterwards expect a call from these parents inquiring about the services. Making these flyers visible and accessible also makes the day care facility visible and accessible. Other places to take these flyers are gyms and in churches, but do remain in the parking lot so as not to disturb the service. Other places one can distribute these flyers are near restaurants for children or in ballparks. Since the parents go to these venues, it would be certain that they would be seen there.

With the flyer method, one can advertise the day care facility in locations where people go to and spend time in. When they see the flyer, they will take notice of the information of they need it, or know of someone who may benefit from the service. Once these calls are made then one can convince them to enroll their child in the facility and thus make a profit for one. But do note that one should not litter and before putting up flyers or giving them out, one seeks permission so that there would be no issue later on.

See: How to start a daycare business

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