All child care business owners should aim to increase profits and business value. Your child care business is likely your largest investment and a substantial portion of your net worth. Therefore, you must actively manage your business profits to protect the value of your child care business. Unfortunately, most child care owners struggle with increasing…
This is the question that child care owners asked just after, “What is my child care business worth?” Commonly, the real estate – land and building associated with a child care business is often more valuable than the child care business. This is due to the high cost of land and the cost to construct…
Childcare business owners often need clarification regarding the difference between Succession Planning and Exit Planning. And which one should they be doing? To add to the confusion, succession, and exit planning are often used interchangeably. But they technically mean different things. Succession Planning focuses on planning and preparing to hand the business over to a…
Do you have an Exit Plan for your childcare business? Is it a well-thought-out, written plan that outlines the process you will follow as your plan your eventual exit from your childcare business? Or is it more that you have some ongoing dialogue with yourself about how you need to get started on an Exit…
Around this time of year, I am often asked about the mergers and acquisitions outlook for the childcare industry. Although I wish I had a crystal ball, I do not. However, I will share my thoughts about the childcare mergers and acquisition trends we will see in 2023. To put things in perspective, we must…
