Full time to part time

[Playkids]

Thanks Judy. I guess I am worried about getting 2 more full time kids that's why I was debating it. I just recently lost 1 full time kid (learned the hard way not to deal with family). I definitely need the income.

[Judy Trickett]

Thanks Judy. I guess I am worried about getting 2 more full time kids that's why I was debating it. I just recently lost 1 full time kid (learned the hard way not to deal with family). I definitely need the income.

I get that you need the income, BUT......if you terminated and went a whole MONTH without filling their spots then that is an income loss of $2200. That is only HALF what you would lose over a year with these kids. So, basically, even if you went TWO months without filling the spot you would lose nothing more than if you kept them.

The difference is that if you keep them and discount them (and remember, my calculations were ONLY at a decrease of $10 a day per kid - chances are your actual decrease WILL be more than that. Therefore you are likely losing MORE than the $5200 I stated above in a year) then you are earning at least $5000 LESS Every...Single....Ye ar they are in care. If they stay a few years before you know it you have lost ten or fifteen THOUSAND dollars.

A quick story.....I once did something like this for really nice family who was also my very first daycare family. I had them in care for FIVE years. I had both their kids. Long story short....it all ended nasty when I needed to give them a fee increase after they had FIVE years of SPECIAL and lower fees because they were on a special schedule.

The end of the story is that I lost $28,000 in income over FIVE years by keeping them.

Trust me, cut your loses now, fill the spots and move on. Learn by MY mistakes - that's why I am here, on this forum - to teach other providers how to be better business women.