Wee Care JP owner Alicia Jno-Baptiste: “I feel more confident running my business and I think people look at me differently, too, because I have more expertise.”
You can’t be successful directing a small early child care program unless you’re an expert in early childhood development and the science of early brain development. But it also helps to understand accounting, marketing, human resources, facilities management, and bulk purchasing. Many owners of early care and education businesses pick up enough business skills to get by. But there’s a big difference between getting by and maximizing profits.
When Alicia Jno-Baptiste signed up for our Small Business Innovation Center program she relied on a bookkeeper to keep track of her business accounts. By her own admission, she “didn’t have a clue” about how to analyze the monthly reports. After going through the Small Business Innovation Center program with other entrepreneurs, Jno-Baptiste learned about cash flow and how to analyze the costs of care to ensure a profit along with other business needs like marketing, facilities management, and automating tasks.
Jno-Baptiste, who owns Wee Care JP, still employs a bookkeeper, but now when she gets the monthly reports, she can read the numbers. “I can see if we’ve reached our income goal, how much we’ve spent, where we’re down, and where we need to be,” Jno-Baptiste said. “I can head off financial trouble much sooner because I can see it coming and be proactive in dealing with it.” Continue Reading →