Financial Goals Reloaded!

Financial Goals Reloaded!

Have you taken a moment to rethink and reload your financial goals for 2020? It’s been a rollercoaster of a year so far, but there’s no need to despair! Essentially, we’re only half way through so let’s assess where you’re at and get planning!

Y’all know my favorite word is the “p” word. Ms. Nyckie loves the planning! However, you might be wondering, “what’s the point?” You’re maybe even thinking, “Let’s write off 2020 and start from scratch next year”. Who wants to sit back and mope?? Not me! And I want to encourage you to re-look at your financial goals with some positivity and hope!

Why you need to rethink your financial goals

Between a global pandemic causing financial chaos and the anxious state of flux we’re seeing on the international stock market, it’s not really surprising that we might not have met our goals for 2020. But I hasten to add one word to that sentence: YET. You might not have met them YET.

Clearly 2020 is giving us enough reasons to rethink (life, health, family…let alone our businesses!), so why not just go with the flow? We cannot control the way the pandemic is impacting our businesses – social distancing, face masks and additional cleaning are just a few of the adjustments we’re all having to make – not to mention closures for those of us in countries where strict lock-downs have been in place.

What we can control is our reactions and coping strategies. Let’s be pro-active, re-think and reload our financial goals!

Where to start with reloading

It sounds simple, but in the words of Julie Andrews in The Sound of Music, “Let’s start at the very beginning”! You made Q1 goals in January, right? And maybe the more savvy Childcare Ninjas among us even set Q2 goals back in March. Since then things have gone a bit haywire, and maybe that line you’re usually so able to predict hasn’t quite followed the path you were expecting.

cup of coffee with

Look at what’s worked well and where things need some support. Have you managed to stay open during this time, or have you had to close temporarily for everyone’s safety? I’ve been lucky in the grand scheme of things, but I know many childcare business owners elsewhere who’ve had to shut their doors, uncertain of when they’ll be able to welcome their families back and therefore had to dismiss staff. Now some of those day cares are preparing for re-opening and they’ve got to look at rehiring as well as navigate intense new levels of hygiene.

If you’ve been one of the lucky ones and have been able to keep going, take a good look at your goals from earlier in the year. How can you alter the projections you’d made to take into account any changes in the financial climate? Factor in any interest rate alterations and allowances you might have been able to access. You can still dream big, and maybe reloaded goals look more positive than you’d imagined they might, considering the current situation.

planning with post-its on whiteboard

Ensure that your goals are SMART.

If you’ve not heard of SMART goals before, this means that you are looking at targets in a more analytical way. While you’re reloading your financial goals, it’s worth checking that they are: Specific, Measurable, Achievable, Realistic and Timely. Due to the instability of everything at this precise moment in time, you might be concerned about the longevity of your business so analyse everything and figure out what you can do differently.

Setting really specific goals, like “Find 3 new families for the day care” or “create new menu on a smaller budget”, will mean you can easily see if you’re making progress. Just be sure to write down detailed plans, to chunk big goals down into bite-size ones, and make a timeline for achieving your goals.

The back up plan for your financials…

If you’re not going to meet your goals, but still worrying about not meeting adjusted targets, what’s your plan B? What are you going to do differently to cover your back? If you’re not fully up and running yet, you could set a new goal to develop your childcare business by training up a team or looking at venues. Or maybe you’ve got to pick up some freelance jobs or babysitting work in addition to running your childcare business, just to tide things over.

You may decide that now is the time to start saving more emergency funds, or that you’re going to make changes in your investment strategy so your money has a better chance of surviving market downturns.

I’d be happy to chat over in the Facebook group with you about how things are going, and the other childcare business owners will have ideas about how you can adjust your strategy to reach your new goals, in the new normal (whatever that looks like for you!).

grow-your-childcare-business-with-childcare-ninjas

Before you go, have you found 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! And don’t forget to follow us on Instagram!

Go from awkward to awesome in your childcare business!

Go from awkward to awesome in your childcare business!

Worried that you’re being awkward and finding sales super hard? Well stop worrying! We’ve all been there! Running a childcare business means our skills lie in caring for children – all the other stuff is a steep learning curve.

However, to make our childcare businesses successful, we’ve got to figure out how to make our awkward work for us. It’s a journey you need to go on to gain clients and build your business so it’s sustainable and profitable.

None of this comes naturally to me either, but I’ve been in the game long enough to know what works for me. I’ve got three strategies I’m going to share with you here. I hope they’ll help you go from being awkward to awesome.

1. Get over it!

Honestly. Sorry to be so blunt, but no one likes selling. Nope. No one. It’s super awkward asking people to buy your service and to shine a light on what you do better than others. It feels unnatural to us. But I learned pretty fast that the only way I was going to gain new clients was to put on a mask (no, not the Spiderman or Mardi Gras type!). I smiled and channeled my inner Queen. Essentially, I put on a show. I was acting. But d’ya know what? When I started my day like this, I started to believe that I was successful and I oozed confidence. People buy into that.

You’ve got to be seen to be successful. I’m not suggesting you lie about your business. I am saying you sort of need to trick yourself into believing that you’re good at selling. Put post-its around the bathroom mirror with affirmations on. Try these ones:

Get over awkward with affirmations - Childcare Ninjas

2. Shine a light on your uniqueness

Take your uniqueness and shine a spotlight on it! Think about what makes your childcare special. What makes it stand out from the rest? Is it the decor? Is it the themes you explore? Or perhaps you’ve got a background in something quirky that you bring to your business. Whatever it is, don’t hide that treasure away in the dark. Get it out in the spotlight and really make the most of what you’ve got.

When I first started my business, what made me totally different from other childcares in the community was that I offered 24/7 care. I was doing night times and weekends when others focused on daylight services only. And that’s not going to be for everyone, but there were people in the community (and from miles away actually!) who had been looking for someone like me to care for their babies. To them it was like a dream come true when they heard I was opening.

So get clear on what you’re offering and tell the world about it!

3. Shout about your story

I’ve said it before and I’ll say it again: shout about your story from the rooftop! People buy from people, and they want to know all about you. They want to know what makes you tick. Your business needs storytelling and it is so important that you bring the personal to your profession! There’s tons of evidence to show that sharing your story helps your business grow. Why? Because it will chime with families and they’ll find that they want to support your business.

Your story will inspire people. And by telling your story, you’ll be giving other people hope. You’ll bring hope to families who are struggling or maybe another business owner will be inspired to keep on pushing forward. It’s going to demonstrate to your customers how much you want to be in this business and how much passion and drive you have. It will show them how much caring for children in your neighborhood means to you – which will lead to sales!

You can read more about the importance of telling your story in this blog.

See? Sales don’t have to be awkward.

You just need to figure out what makes your childcare business unique and talk more about your back story.

Put on a smile, get out there and tell people about what you do and why you’re so awesome.

grow-your-childcare-business-with-childcare-ninjas

Before you go, have you found 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! And don’t forget to follow us on Instagram!

 

How to start a wildly successful childcare business on a budget

How to start a wildly successful childcare business on a budget

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!

grow-your-childcare-business-with-childcare-ninjas

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!

3 mistakes to avoid when starting a childcare business

3 mistakes to avoid when starting a childcare business

Y’all know I’ve been in this game for a while now, and I have seen new childcare businesses come. And I have seen them go. Why don’t they last? We all make mistakes, but most of them can be avoided with some forward thinking!

There’s several monumental mistakes that they are making in their businesses. Don’t panic! These are easily avoided. Therefore I thought I would share the errors they make with you, so you can avoid doing the same before it’s too late.

Mistake #1 – Trying to do everything for everyone

An absolute classic. And one that sometimes takes a lifetime to learn! It is very hard to stay focused and in your lane. But you’ve gotta do it or you’ll not survive in this crazy world of childcare ownership.

So how do you avoid it?

You need to know who your clientele are. And you need to learn how to reach them. Think local; you’re not trying to gain worldwide customers. Your daycare is about serving the community it’s in. So target them appropriately and be who they need you to be. Not who everyone else thinks you ought to be.

Work on having firm boundaries with work. Learn to say no. You’re not a super hero. Saying no to things that don’t serve you is fundamental if you want to keep your head above water. No calls after a certain time, reply to emails on particular days, prioritize properly.

Use technology to help you get organized; set timers on tasks to stop your mind wandering and to keep you laser focused. Ninja focused!

Mistake #2 – Not planning!

I’m gonna repeat this until the cows come home: Plan! Plan! Plan!

Sure as the sky is blue, I’ve seen childcare owners who think they can “wing it” very quickly finding themselves in difficulties. To run a successful business you’ve got to plan, and plan, and then plan some more!

It is a time consuming process to get systems in place and plan ahead, but it will save you so much heartbreak. I promise you that planning in your childcare business is how you will grow and create the perfect little empire you always dreamed of. I know because I’m doing it. And it’s all because I plan EVERYTHING. I’ve got lists for my lists.

plan! plan! plan!

Mistake #3 – Underestimating efforts

Another classic mistake. It’s not uncommon for new childcare business owners to underestimate the amount of time and work they’ll need to put in. They think that it’s the same as any other business. Well we Ninjas all know that it certainly is not.

That’s why I created this platform in the first place: to support childcare owners like you. Because there’s not much else out there that is specifically for us. And we are niche. We’re unique.

Interestingly, I’ve had so many conversations with people who assume that I just own the day care centers and am not involved in the day-to-day running of them. I have to explain every darned time that you can’t just “own” a childcare biz. You ARE the childcare biz!

Your personality and philosophy of learning are totally embedded in the childcare you run and your staff are amazing, but it’s your empire. You might have a manager in each setting, but you are the one who oversees the provision and has a vision for the future and how you’re going to get there.

Running a childcare business is a helluva lot of work and no one should go into this thinking you can just kick back and let others do the work for you. It’s not an opportunity to sit on your laurels! This is a way of life! And one that I love, and I know you do too!

love being a childcare business owner

Don’t hesitate to drop me a message if you’re worrying about anything to do with running your business. After years of feeling isolated, I’ve created this community and I’m here to help you work through any issues. Get in touch!

I hope you’re enjoying your journey to becoming a Childcare Ninja, but don’t forget to interact in the Facebook group where you can connect with other amazing women and share ideas.

grow-your-childcare-business-with-childcare-ninjas

Join us in the membership too for more tips on how to take your childcare business to the next level!

 

“Be ye set apart” – preparing your mindset for being a childcare boss!

“Be ye set apart” – preparing your mindset for being a childcare boss!

You might be wondering what the key to conquering your business goals and dreams is, and as someone who’s run a successful childcare business for a number of years I can tell you it’s not as obvious as you’d think. It is all about mindset. Getting your head into the right place so you can grow your business to be as amazing as you dream it can be is absolutely essential.

Here are 3 mindsets that I know will create an incredible shift in the way your run your business, helping you feel more confident, and ultimately more productive and successful.

These 3 mindsets you must change for you to become a successful childcare business owner:

1. Money Mindset

One of the things women are consistently poor at talking about is money. I think this is because we were all 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’s time for women in business to overcome the money taboo! We need to ask for what we need and embrace what money can do for us! To do this, we need to start talking about money, encouraging conversations about our finances.

Money really can be a fantastic tool to 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. Women can have an extraordinary economic impact on the planet. As Childcare Ninjas, let’s change the way we think, accept that we are worthy of earning money, and let’s start embracing what money can do! 

2. Positive vibes

I have learned this one the hard way! When I began to be successful in my business a few years ago, I had so many negative people around me. They drained my energy, sapping out the hope I had for how my business was going to grow. They wouldn’t allow me to dream big. You know the ones, right?! They eye roll when you’re telling them about something you’ve achieved; they don’t appreciate how hard you’ve got to work to maintain momentum; and they certainly cannot understand why you persevere and don’t just give up.

So the mindset here I want you to try is: get rid of the doubters. Surround yourself with positive people and don’t be afraid to do this sooner rather than later. No more Negative Nellies, protect yourself with Positive Pollies instead!

3. It’s okay to be successful

As women we have a tendency to play down our successes. We’ve an awful habit of putting ourselves down – especially in front of other people. Promoting yourself to others in your business feels so alien doesn’t it? But what’s wrong with wanting people to recognize your achievements? There’s absolutely nothing wrong with being successful. When you’ve reached your goals, it enables you to give more generously, and puts you in a position to give back to society.

This mindset fools us into thinking we are “safe”, by playing small, but it’s actually holding us back! So last year I decided to make a change – to stop playing small. I thought long and hard about how i would go about this. I created a vision board and my mantra was “Think bigger”. Every time I caught myself playing small, I repeated my mantra.

And there was this situation last year where I was looking at potential venues for a new daycare facility to add to my portfolio. I found the perfect place. Fantastic location, potential for lots of new clients…but I had this niggling doubt: “I’m not worthy of such an amazing opportunity. Who am I to think this is for me?” So what did I do? Walk away? No! I said “Think BIGGER!” And do you know what I did? I took a leap of faith. I am a Childcare Ninja, after all!

I encourage you to change these mindsets – to actively talk about money, to celebrate our successes and to think about your friendships.

If you’d like to know more, I have created some helpful videos and resources for you in my Childcare Ninja membership, to make your life a little easier, and to enable you to grow your childcare business into your own little empire.

grow-your-childcare-business-with-childcare-ninjas

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!