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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.
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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