As we move into the new year, it’s likely that one of your resolutions is to maximize profits at your child care center and grow your business. Each year, child care providers and supporting staff dedicate an abundance of time, energy, and money to create the best experience for children and parents. And, it’s only natural to hope that hard work pays off – whether it’s in increased enrollment or good profit.
You may or may not be familiar with the term “return on investment” (ROI). To put it simply, it refers to the gain or loss in profits you receive based on the money and energy you put into your childcare center each year.