In the course of running a small business, it is not unusual for your account customers to fall behind in the payment of their account. As with most businesses, the first thing you do is contact the debtor to remind them that they are late paying their account. Sometimes your customer has genuinely forgotten and the ‘reminder’ is appreciated.Details
When selling a childcare business, it is highly recommended that you get a professional broker to help you. While some people do manage to sell their business without a broker’s help, sometimes the stress and extra work involved with selling a business are just not worth whatever amount you might be able to save by not getting professional help. In this article, we have gathered the main reasons why hiring a professional childcare broker is the smartest way to go when the time comes to sell your child care business.Details
Data analytics shows that the majority of new Long Day Care (LDC) supply in NSW and VIC are in areas of high demand. This is coupled with small pockets of oversupply in QLD that is affecting occupancy and pricing. Some of the majors have reacted by increases in rates, a sharp focus on costs and increased use of technology and capital.Details
Once the decision has been made to expand a business or childcare investment portfolio, the first challenge lies in choosing whether to purchase another existing centre or build a new centre. One thing is certain, when it comes to the Buy vs Build decision, there is no one size fits all approach.Details
Our partners at Porta Lawyers, specialise in Family and Business Law in Queensland. Their range of services include all the legal requirements of childcare owners and investors and they have been working in this sector for over 17 years. We have asked them to share some of their experiences and knowledge with us in our monthly blogs and newsletters. This month the blog will focus on Subpoenas and how they should be dealt with.
There are three main types of Orders which centre Directors will need to deal with from time to time. They are Subpoenas, Location Orders and Interim and Final Parenting Orders. These situations arise from parties to proceedings in the Federal Circuit Court or Family Court of Australia who have children or grandchildren attending childcare centres.Details
With the upcoming changes to the NFQ National Quality Framework, it is important to begin preparations – especially if you are interested in selling a childcare centre. While the deadlines are in October 2017 and February 2018, planning now for these changes could create a big selling point for your centre.
There are several changes coming to the National Quality Framework which aim to improve the childcare industry. Australian Childcare Alliance gives this overview of the important changes:
The final valuation of a property considers a complex mix of factors, and only a certified property valuer can provide the best, most realistic value for your childcare centre.Details
It’s a myth that marketing needs to be overly expensive or needs to take up a lot of time or resources in your business to achieve real measurable results and add to your bottom line.Details
It seems like there is an app for almost everything these days. Apps are great, they are simple to use and can be accessed from anywhere. Let’s be honest, no one is ever very far away from their smart phone at any time.Details