by admin | Jan 8, 2021 | Blog, Uncategorized
In any year it’s easy to lose focus on our finance goals, but when there’s a global pandemic going on it’s even harder! However, I wanted to give you some encouragement and motivation to show you how to stay inspired and on track.
We often find it tricky to keep our eyes on the prize. We get distracted by the endless possibilities of what everyone else is doing and what all our friends have. It’s all too easy to get side-swiped by what you don’t have, or haven’t managed to do, and the reasons behind that – usually financial!
What I want to help you with is staying focused on your goals!
Money mindset and financial taboo
When it comes to money, there’s a lot of weird stuff that comes up for most of us. A lot of it stems from our childhoods and the way we were brought up. For me that was in the church. And boy oh boy do church and finance have some bizarre clashes in personality going on!
So many of us brought up to believe that it’s impolite or embarrassing to talk about money. Money also holds an emotional connection for many of us. It can bring on an anxious reaction or trigger other behaviors. In my Facebook group, one of the things the Ninjas shy away from is talking about finance.
So what exactly is going on here?
I’ve talked about the importance of having a positive money mindset before, but I haven’t really gone into my own personal journey. So I’m going to share my story with you because I believe you may have experienced similar growing up.
At one point in my life I believed that making money was evil. That’s what I’d grown up hearing in church. That “money was the root of all evil” and that people who made money were greedy and evil and nothing good ever came from money. That the love of money was a sin and it was the Devil’s work.
But as I got older I began to do my own research, really looking at the scriptures and the context of quotes like the one above – which is the infamous 1 Timothy 6:10: “For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.” Drummed into many of us as kids, when we look at it as adults, we can’t forget to add the love of in front of money here.
I’ve had to relearn a lot of my mindset around money. Money builds churches, hospitals, and homeless shelters – communities! We should be pro making money, and what we should stand up to is using money in a way that harms people and the planet.
It’s time for us women in business to overcome the money taboo!
Money is a tool!
Money isn’t evil. It’s an object that we can use for good or evil. And it really can be a fantastic tool to help us make a difference. We can utilize it to make the world a better place. It can help people.
Money can help us reach our goals and without money it can be quite tricky to take care of the people we love. We owe it to ourselves as women to achieve financial success. We owe it to our children to see us earning money and not being ashamed of it.
Stay focused on YOUR finance goals
You might think your goals are yours…but what if you’ve been influenced by other people and they don’t align with your values? The way you can get laser-focused and ensure that your goals truly are YOURS is to look at your soul goals and see if they marry up with the money targets. Are they challenging enough or are you playing small to please others? Or have you set something that is only going to end in heart ache?
Take some time to journal on this one. Honor your truth. Listen to your gut. It never fails to tune into your intuition.
What will inspire you to stay focused on your finance goals?
We’re all different and have our own things that help us. For me, my faith is one of them, I utilize it every day of my life! Now that I’ve made peace with the age old conflict between church and money, I know I can use my faith to keep me on track.
Perhaps it’ll be your family that inspires you to stay in your lane and reach your goals. Is it to extend your home or find somewhere a little less snug? Or maybe it is an adventure that you want to go on, and you’re able to visualize yourself going on that trip – each time you lose a little momentum, practice picturing yourself doing that thing!
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
Ayn Rand
Not only do we need to have conversations around the green stuff, we need to be open about how finance looks and feels for us! We have got to persist in setting ourselves financial goals, and start asking for what we want and need. Because let’s not forget what money can do for us!
I hope you’re going to use this as an opportunity to start talking about money more, encouraging conversations about finances with your business friends, employees and your family. If you found this blog post helpful, send the link to a friend – sharing is caring! Or come and continue the money talk over on Facebook in our Ninja community!
If you enjoyed reading this and would like to get more involved, we’re an army of childcare professionals who are sharing ninja-sharp skills to transform our businesses into childcare empires! This is Childcare Ownership all Grownup! Interested in becoming more involved in the community and to grow your business? Join us for more tips on how to make your childcare business the success it deserves to be! Or if you prefer Instagram, come and say hi there!
by admin | Nov 5, 2020 | Blog, Uncategorized
During last decade – and beyond – I’ve heard countless money myths being waved around as reasons for hesitation when it comes to taking a step into owning your own childcare business. And while some of the rumors might be a hangover from days gone by, most of them are just factually incorrect and are certainly nothing I’ve ever witnessed.
There’s only so much time to write these blogs and you’ve not got all day to read them, have you?! So in this post, I’m busting three of the myths that keep popping up in Childcare Ninja conversations. Read on if you’d like to find out why you need to ignore the money myths and listen to your heart!
Money Myth 1: Expensive to get going
Not true! There are tonnes of ways you can start your childcare business on a budget. I’ve written a few blogs on this, but it is possible to start a wildly successful childcare business with limited financial backing. I know because I’ve done it! Cut back on expenses – do you need those subscriptions or the organic food? Could you strip it back to the bare minimum temporarily until your profits start coming in?
Look into ways of getting more knowledgeable that don’t involve spending money or spreading the cost between yourself and other childcare facilities. Sign up to mailing lists and free trainings and teachings around legislation and regulations.
Setting up your childcare business doesn’t have to be expensive. You don’t need an all-singing, all-dancing childcare business to get going. I think the phrase is “done is better than perfect”. Don’t let fear of getting started put you off.
Money Myth 2: Childcare owners can’t make a profit
This one always makes me laugh, because my business is testament to the fact that you most certainly can make a profit! Don’t be intimidated by the money talk around childcare. A lot of the chatter is around the issue that our industry is not valued by many in our society, despite us being a lifeline to families. The recent pandemic highlighted how essential we are (which we all knew!). But the debate as to whether we’re profitable is nonsense.
You can have a successful childcare business that brings in a profit. It takes hard work, effort and planning, but it is definitely achievable. I’m working with a number of childcare business owners – my Childcare Ninjas! – helping them scale up and grow their businesses to become even more profitable.
Money Myth 3: Hard to keep up
Funnily enough, this money myth is a teensy bit true. Yes, it’s sometimes hard to keep up with changing policies and legislation. I could probably dedicate an entire year to reading documents and keeping up with current practice. And of course all the regulations are essential so we have to keep on top of it all.
However, when you’re savvy and have a great team around you, you can split the training sessions between you and share the knowledge when you get back. You can sign up to emails that will keep you up to date, and you can join networks with other childcare businesses. There’s also a great Facebook group I’ve heard about, for Childcare Ninjas like you 😉
Tips for battling the money myths
Over the years I’ve been running my own childcare business, I’ve discovered some ways that you can combat the money myths out there! Here are a few tips to help you on your childcare business journey.
Firstly, surround yourself with encouragers and people who support your dreams. It’s so much easier when you’ve got like-minded people giving you motivation and rallying around you. It’s also important that you can trust them and know that they have faith in your abilities. There’s nothing worse than constantly having to second guess yourself because of negative comments about things that you didn’t ask for an opinion on.
Be wise with your money
Second, y’all know I love systematizing, so you won’t be surprised to hear me say this! So here goes: Get yourself some systems that help you manage your business better. This will save you time and money to invest elsewhere in your childcare business. When you’re more organized and things are streamlined, you can budget better.
Next, I’d like to encourage you to invest in yourself. With the savings you make on time and with budgeting better via systems, you should put that towards bettering yourself. Learning never goes out of fashion! And educating yourself and self development is never a waste of money. Whether that’s additional childcare training or a business diploma, the decision to prioritize YOU as a business owner is pivotal to your success!
My last tip is that you get help with finance. I’m not talking about loans and borrowing money (although if you’re going to do that, make sure it’s ethical and in your best interests! Steer clear of sharks). No, I mean getting your head straight when it comes to finance. Take time to get some money mindset coaching, and another idea is to learn how to do your own accounts.
I hope you’ve found this blog super helpful. If you have, share it with a friend!
Also, if you appreciated the tips in this post, there are plenty more over ideas and inspiration over in the Childcare Ninja Facebook group! We’re an army of childcare professionals who are sharing ninja-sharp skills to transform our businesses into childcare empires! This is Childcare Ownership all Grownup! Interested in becoming a part of the community? Join us for more tips on how to make your childcare business the success it deserves to be! And don’t forget to follow us on Instagram!
by admin | Oct 9, 2020 | Blog, Uncategorized
This week in Childcare Ninjas, we’re shining a light on finance again. It’s a subject that we’re not going to shy away from, because it’s vital that we feel confident discussing finances! And I want to support you as a Childcare Ninja in this area as much as any other. If you’re new to the industry, you’ll want to read this blog post!
When it comes to initially setting up your childcare business, you might not be ready to go all in just yet. You might need to spend some time raising funds so you can open up the daycare center of your dreams.
What I want to emphasize here is that you shouldn’t be letting finances get in your way. It might take you a little longer to reach your goals, but you CAN get there. I have seen financials hold so many women back from starting a business and I don’t want that to happen to you.
So, in this blog I’m going to share a few ideas to get your creative juices flowing. I’m going to get you flexing your resourcefulness muscles!
What are your needs?
First things first, you’ve got to take a look at how much you need to actually get set up. This might seem minimal to begin with, but once you take into account the rent, the health and safety aspects, the registration, the licences, the insurance…it all adds up. So be honest with yourself here. Keep it real: are you currently in a position to set up immediately?
Maybe you’re beginning in your home, which will reduce the cost in the short term. Even so, there’s the equipment you’ll need, the additional costs of utilities (amazing how those little kids use up all that extra electricity and water!)…
But I’m not saying this to get you to stop! Far from it! I’m asking you to take a good long look at your needs in a financial sense, because I want you to succeed! I want you to know exactly what you’ve got to have in place before you can launch into your childcare business. And if you’ve got any questions or don’t know where to start, please drop me an email! After 14 years in the business, I’m happy to help!
So how can you raise the money to get started?
We’ve established that you’re likely to need more cash coming in before you can really dive deep into your childcare ownership dreams, so how are you going to do this exactly?
Honestly? This comes down to how much money you have and how much time. Finances play a part here too because there are some income streams that require a little investment before you can get going and others that you can just jump straight into with out much thought!
Become a representative
Not in the House (one day, maybe…!), I’m talking about buying into a scheme where you’re the representative of a brand. These roles offer a range of opportunities, from flexible working and franchises, to direct selling and party planning.
There are a number of these that can be lucrative for people who have time and a small amount for buying the products for demonstrations. Beauty companies like Avon, Mary Kay or Arbonne have a fairly low investment requirement to become a representative.
So those are options for you if you have a little cash to reap rewards with. However, I’ve got a few more ideas if you don’t!
Everyone has something that everyone else needs!
This is what I tell the women I coach. They’ll often say, “But Nyckie, I haven’t got anything to offer. How on earth can I have a side hustle going on?” And I am quick to remind them that they certainly do have things to offer. Whether that’s a resource that their community is lacking (like reliable transport) or a skill they can see a need for (gardening!) each and every one of us has something that their neighborhood needs.
Take an audit of your resources
Take a look around your home and figure out if you have resources at your fingertips that could earn you some of the funds you need for your business.
Perhaps you’ve got a car and are happy to be driving to make some side hustle money. You could do some Uber driving in the evenings when your partner gets in from work. Or perhaps if you know there’s people in your community who’d rather pay you than Uber to drive them to and from appointments, then get driving! Drum up interest and bring in those dollars!
Have you got furniture that could go to a new home, or a ton of dresses sat unworn in your wardrobe? Kids finished playing their consoles or moved on to the next craze? Why not have a yard sale?
Start something from scratch
If you’ve got skills that you could utilize, then why not put them up on Fiverr or Upwork? If you’ve got admin capabilities or can write, or maybe you’re handy with a camera, then put up a page and watch the requests come rolling in. When you’ve got skills other people need, you’re valuable and it will help your finances!
Perhaps you can offer tutoring for local families, or teach piano? Know how to grow vegetables? Maybe you’re a whizz with a chainsaw? Think about the dormant skills you could put to good use!
Make the most of what you’ve got!
I’ve mentioned skills above, but it really is about making the most of what you’ve got and flying with it! Take a look around your local community and look at what’s missing. What are people moaning about? Have you got friends with elderly parents who need healthy meals but can’t cook anymore? Could you cook them nutritious food and charge for it? You could start a small take away service. (Don’t go crazy here! It’s a childcare business we’re aiming for, right?! Not a restaurant!)
Choosing a way of bringing in some extra money means you can rest easy knowing that you’ll raise the dollars you need. Thinking about your finances and making some cash in a side hustle is a sensible move to avoiding stress.
I’d love to help you more with ideas that’ll solve the gaps in your finances, and I’m so excited to see you achieve success, so why not head here and you can download my FREE Side Hustle Checklist!
If you’d like to see more like this and chat with other childcare business owners, I wonder whether you’d like to head over here: Childcare Ninja Facebook group! Join us for more tips – not just on finances! – on how to make your childcare business the success it deserves to be!
While you’re here, are you in the Childcare Ninja membership yet? We’re an army of childcare professionals who are sharing ninja-sharp skills to transform our businesses into childcare empires! This is Childcare Ownership all Grownup! It’s full of exclusive resources and support to help you grow your Childcare Business.
by admin | Sep 4, 2020 | Blog, Uncategorized
Investing in yourself has never been easier, in terms of choice. There’s so many ideas and options floating around the internet, and your inbox is full of people professing to know what a good investment for you will look like.
You want to up-level and reach your goals, but you’re not really sure how to get there.
Well I can tell you, after years of not investing in myself, I only started to see huge growth in my business when I began to see myself as worth the investment.
Putting yourself first
When you put yourself first, you increasingly have more energy to be more productive in your work and you’re more motivated to grow your business. And because you’ve invested in yourself, you’ll find that you’re able to add more value to others. Unlike many other investments you could make – the stock market, real estate, horses – investing in YOU is never a risk, because there’s always a benefit.
People start to notice you
Nely Galán, the author of “Self Made“, describes how, when you choose yourself, “people will notice you, and they will choose you over and over again.” You put an end to passively waiting for things to happen to you, taking a lead and investing in yourself, so you take action and begin to move closer to being the you you’ve always dreamed of.
Here are some ways you could be investing in yourself:
- Improving your health and wellness – by looking after yourself you’re protecting your future.
- Booking a workshop or course – professional development and adding to your skills is vital!
- Watch, listen and read – Women who read, lead – am I right!?
- Attend networking events – surround yourself with other phenomenal women aiming high.
- Hire a business coach – this is a biggy and is a key one for leveling up!
- Prioritize self-care and breaks to increase productivity – you certainly can’t pour from an empty cup.
All of these are opportunities to invest in YOU. Set yourself a challenge to do a few of these each quarter and watch how much progress you make! I know that you’ll be amazed.
Getting into the right mindset
By investing in any of the above list, you’re getting into a childcare business owner mindset. You’re prioritizing yourself and showing leadership. All of the examples are going to demonstrate to your team that this is the way things should be. That when you lead it isn’t all about being at your desk 24/7 and neglecting your well-being. Nor is it about spending your days swanning around the mall with the Amex. Role modelling these to your staff and your family is true leadership.
And once you start investing in your self, it’s like you’re saying to the universe that you’re ready for success. It shows that you’re getting into the mindset for being a childcare business owner.
Investing in your future
I’ve got a Masterclass coming up where I will be covering the 5 foundations I recommend for making childcare ownership simple. After years of experience, I’ve come to the conclusion that owning a childcare business consists of 5 main steps. These steps can be broken down very simply so you’re not overwhelmed in your journey to successful and simple childcare ownership. And although they’re all of equal importance, some of these are overlooked!
In a nutshell, the 5 Foundations for Simple Childcare Ownership are:
- Mindset
- Planning
- Research
- System Building
- Legacy Creation
And these are the simple steps I’ve noticed in my thirteen plus years of being a childcare boss! And when you start investing in yourself and in professional development like this, you’re beginning to think like a successful Childcare Boss.
I would love to see you in the Masterclass! If you have any questions don’t forget that I’m always in the Facebook group and if you haven’t already joined here’s the link The Childcare Ninja Members Group.
by admin | May 15, 2020 | Blog, Uncategorized
The majority of us starting out in this industry are beginning on a tight budget. Unless you’ve got huge savings or an investor – lucky you! – you’re going to be developing your childcare business with limited cash. So I thought you’d find it helpful if I shared some ideas of how to save money without risking the professional look and feel of your business.
Here are three ways you can begin to grow a wildly successful childcare business on a budget:
1. Plan the flow on a budget
Now is the time to sit down and think about how do you want your childcare to run. What kind of childcare is it going to be? What exactly will you be offering parents? When I first opened up, I decided I’d offer something that other day care centers weren’t – 24 hour care and weekends too. I knew I’d be setting up as a home childcare, so I needed to make it unique and fun, as well as homely. What will your specialty be?
You can write down goals for the future, but for the time being, you’ve got to focus on what is feasible right now. There’s no point overspending on activities or resources that’ll drain your cash and leave you struggling later in the year. So plan activities to your budget.
One of the ways I did this was making exciting trips to different parks with the children in my care. We ventured further than their local play parks, instead taking sentimental trips to my old childhood park on the other side of town. The kids love going on adventures to new places, and your bank account will love it even more!
If trips to the Science Museum are not feasible right now at the start of your business, do science experiments at home in the garden or in the local park. Make a rain gauge or a sun dial with the kids to put outside, or make some erupting art! Kids love fun and are oblivious to your budget! However, you can aim for bigger things once you’re established!
2. Search for closures
This sounds a bit strange, but hear me out! There are always going to be dentists, doctors, offices and other places closing down, so while you’re on a tight budget, keep a look out. Often these closures mean there’s tons of furniture and other resources – even toys!
When I first set up my home childcare business, a friend of mine came by one day with a cute table and chair set that he’d received from his job (which at the time was a doctor’s office that was remodeling). With a little love and attention, it looked fantastic set up for my kids to play games on or with some coloring activities laid out on it!
And I know plenty of childcare owners who get ahold of some awesome second hand Lego and other sought after toys for an absolute bargain because they’ve taken time to read ads in local papers, spent Saturday mornings traipsing round yard sales or local garage sales. Being thrifty is an excellent way of staying on budget and there’s absolutely no shame in it!
3. Get crafty with some D.I.Y
This is a chance to get really creative!
I’ve already mentioned my little table set upcycling project, but there have been many since! And I love getting the kids involved too! We’ve done decoupaging with photos of all the kids who’ve gone through my childcare over the years; covering table tops with the images and protecting with a couple of layers of PVA glue.
Check out local builders merchants and traders, who might have excess pallets they’re looking to shift. And wow, there are so many ideas online for making fun things with pallets! You could try your hand at making a buddy bench for the garden, or even a wendy house for imaginative play! I love the idea of getting the children to join in the fun and paint. And older ones are capable of using tools when they’re supervised and are taught how to use them properly. Think of all the joy and pride they’d have using furniture they’ve made themselves!
And once you’re more established, you can branch out and get other people to build fun talking point pieces for your childcare. A couple of years ago, I was able to have a whole market play center built by a local craftsman, and it is still going strong! And the kids who attend and their parents love it. People sometimes even ask me, “are you the day care with the cool play market?” and I’m like, “aaaaah yes we are!”.
I hope you can see now that being on a budget doesn’t mean you’re not able to be awesome. You just have to think outside the box and get really creative with the little you have. And the passion you show by spending time creating a schedule that your kids will love and learn from will come across. By using your free time to make upcycled furniture you’re going to demonstrate to families how much you care!
Are you in the Childcare Ninja Facebook group yet? We are an army of childcare professionals who are sharing ninja-sharp skills to transform our businesses into childcare empires! This is Childcare Ownership all Grownup! Interested in becoming a part of the community? Join us for more tips on how to make your childcare business the success it deserves to be!
