Managing Your Child Care Business

Description:

This lesson provides guidelines for developing and communicating your child care policies, and identifies key elements of an enforceable contract. It also identifies potential sources of income and expenses, guidelines for selecting staff, marketing strategies, record keeping, and the types of insurance available to child care providers.

Objectives:

IDENTIFY guidelines for developing and communicating child care policies.

IDENTIFY key elements of an enforceable contract.

IDENTIFY sources of income and expenses.

IDENTIFY issues to consider when establishing fees/tuition.

RECALL definitions of direct and indirect expenses.

IDENTIFY elements of basic record keeping for child care providers.

IDENTIFY appropriate information and items to retain in each record.

IDENTIFY guidelines for selecting appropriate staff.

IDENTIFY the benefits of staff training.

IDENTIFY marketing strategies and implementation procedures.

IDENTIFY types of insurance coverage available to child care providers.

RECALL the purpose of commercial liability insurance.