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Cutting costs: maximizing results

August 3, 2017

 

Child care centers that put a real focus on controlling and even cutting costs are often more nimble and better positioned than those that don't.  Cost cutting, while scary for many can help providers strengthen the foundation of their business.  However, cost cutting alone does little if the overall budget for child care centers isn't monitored and adjusted based on market forces.  In child care the largest impact on cost is labor.  Therefore, it is important for providers to marry staff work hours to enrollment counts.  The two must remain in balance.  Enrollment ultimately is a predictor of the health of a center. 


 

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