Profitability of Running a Day Care Business – Turnover vs Profits
Child turnover and managing turnover can affect the profitability of running a day care business. You can increase the profitability of running a day care business if you follow some simple tips listed here. Add your own ideas and industry knowledge to get the most out of your day care business.
A day care business is not very easy to start. Different states have different rules on how a standard day care business should operate. This includes a minimum space for each kid in the premises, quality of snacks, first aid, toys, etc. These requirements alone reflect how much you will have to invest on kitchen, toys, first aid kits, space etc. In addition, you may not be able to handle the children all alone. In this case, you will have to hire people. With child turnover, employees, expenses, and income, all revealed in your Profit and Loss statement, your profit depends upon how you plan and run the day care business.
The following section explains and offers some tips on increasing the profitability of running a day care business.
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