Have you ever wondered how much money the childcare industry brings in overall each year? It’s estimated that the annual income of the childcare industry is around $60,000,000,000.
If you just understand what quality looks like for your business and how you can provide value to the marketplace, you can have financial freedom in your childcare business.
Are you ready to have a piece of that $60,000,000,000 and gain financial freedom? Or perhaps you are tired of robbing Peter to pay Paul in your childcare business. If you can relate to this, then this is the article for you!
The Mindset Shift
Let me tell you a secret…For many years, I was operating my business as if it were a “mom and pop joint”. This is simply because I was unaware of my business’s worth at that time.
To be honest, I was unaware of my own capacity at that time, as well. It was not until I made the decision to invest in myself that this changed.
It all started with a shift in my mindset.
I decided to hire a coach to help walk me through this transition for my business. In addition to that, I also started attending business and childcare conferences.
Then I began to position myself around people who were already where I wanted to be in their businesses. I surrounded myself with people who were ahead of me and strove to reach them.
Now back to you…Maybe you can relate to this scenario.
Are you tired of working 14-16 hour days and feeling like you have nothing to show for it? You work hard to keep your business afloat but perhaps you feel like you are just drowning in your business responsibilities.
If you are operating your business out of lack rather than abundance, there is hope ahead of you.
Shift your mindset, then watch your childcare business earn its first million, second million, and so on!
Believe that it is possible to gain that financial freedom you have always dreamed of, and watch the pieces start to fall in place.
Start with these tips:
- Hire the best employees
- Raise your rates (preferably at the beginning of the school year)
- Take action
- Show gratitude
- Position yourself as the best in the industry
Wrapping Up
Having financial freedom for your childcare business does not have to be a dream. You can make it a reality just by starting with a shift in your mindset.
Take action to better your business by investing in yourself and your business. Attend conferences to better educate yourself and stay on trend in your industry. Spend time with other childcare business owners that you strive to be like.
Follow these tips and you will be well on your way to becoming a 7-figure business owner.
Want more advice on bettering your childcare business? Check out my Video Library for tons of great tips to better your childcare business. Learn how to hire the right employees, become an award-winning million-dollar childcare owner, prevent feeling overwhelmed, and more!