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Dive into the mythbusters and variables crucial for a successful child care business model. Explore factors such as tuition rates, competitive landscape, wage rates, and operational costs to drive a solid business plan. Learn from real-life examples and understand the importance of managing vacancy levels, wages, and more.
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child Care – The Business Model Mythbusters
Variables to account for • Tuition • Competitive • Affordability • Wage Rates • Recruitment and Retention • Operational cost • Facility Cost • Ownership/Debt load • Rental rates • Vacancy Rates • Workforce and capacity
The Variables Reserves
Driving the business model • What should drive the business plan? • Market tuition • Cost • What about facility costs? • Rent • Debt service • What about workforce? • Primary cost • Recruitment • Retention