Business of Child Care
The income of early care and education programs, primarily from tuition, rarely covers the cost of high-quality programming. Center directors need to be incredibly resourceful business managers.
Since 2014, the Business of Child Care has provided technical assistance and hands-on training to early education and child care providers in targeted regions of New Hampshire.
Its components include:
Business of Child Care survey
Assesses business training and technical assistance needs.
Business Self-Assessment tool
Reviews best-practice guidelines for business operations and governance, and serves as a template for improvement-focused workplan development.
Training and workshop opportunities on timely business topics.
Direct consultation on business management and nonprofit governance practices.
“We moved to QuickBooks online rather than desktop [to allow multiple-person access] … We increased our hours to be more accessible to families, which increased our enrollment, which increased our income and made us viable again. ... The board started on a 5-10 year strategic plan.”
The New Hampshire Community Loan Fund launched the Business of Child Care Initiative with funding from the Neil and Louise Tillotson Fund of the New Hampshire Charitable Foundation (NHCF). Continued efforts are supported by NHCF, the Norwin S. and Elizabeth N. Bean Foundation, Couch Family Foundation, and the Byrne Foundation.