Enrollment is something that is constantly on a child care provider’s mind. Of course, you need children to enroll in your program, but if you do not consider what you will charge, even if all your enrollment spots are filled you still may not bring in enough income to make your business viable. It is absolutely imperative to know how to set your rates and when to raise them.
Today, I want to talk to you about why it is important for a child care provider to consider how they will set their rates and why they should charge that. Then, because this can be such a make or break issue, I will continue the discussion addressing how to successfully (and professionally) convey your rate policy to your potential clients as well as how and when to raise your rates in Part 2. [Read more…]