Creating A Budget

To create a budget for a daycare center, you simply need to list the amounts you will spend monthly to operate the business.

Here is a list of items you will need to write down:

1. Rent/Lease or Mortgage
2. Utilities:
3. Lights
4. Water
5. Cable
6. Phone
7. Natural Gas
8. Insurance:
9. Liability/Property Insurance
10. Workers’ Comp Insurance
11. Vehicle Insurance
12. Medical Insurance
13. Credit Cards/Loans
14. Loan 1
15. Loan 2
16. Loan 3
17. Maintenance:
18. Lawn
19. Fire Equipment
20. Building
21. Computer
22. Consumables:
23. Soap
24. Napkins
25. Paper Towels
26. Cleaning Supplies
27. Monthly Food Cost
28. Monthly Teacher Supplies
29. Payroll
30. Federal Taxes
31. State Taxes
32. Local Taxes
33. Monthly Savings Amount

Now calculate the income you will have coming in, minus the monthly costs, and see if you end up with enough profit to make it worthwhile.

If you are not making more money versus what your expenses are, then I suggest that you take a look at creating more income and lessening your expenses.

P.S. Did you know that your staff-to-child ratios may be eating up your money? If you are experiencing this issue, contact me  with your concerns for an individual assessment.

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