Introduction

Preschool owners, let’s be real, running a preschool is no walk in the park. Between the endless paperwork, the never-ending stream of dirty tissues, and the occasional outbreak of head lice, it can feel like you’re constantly fighting a losing battle. And when it comes to finances, it can feel like you’re stuck in a never-ending game of whack-a-mole. But have no fear, my fellow preschool warriors! With a little bit of creativity and a whole lot of determination, you can keep costs low without losing your mind.

Tip 1: Compare costs of different suppliers (or as I like to call it, “Don’t be afraid to haggle”)

When it comes to buying supplies, equipment, and materials for your preschool, it can be tempting to just go with the first option that pops up on Google. But just like with a used car, it pays to shop around. So don’t be afraid to haggle with suppliers. Trust me, they’ll be more than happy to offer you a bulk discount if you’re buying in large quantities. And if they’re not? Well, then it’s time to move on to the next supplier.

Tip 2: Cut costs on staffing (or as I like to call it, “The art of the volunteer”)

Let’s be real, staffing is one of the biggest expenses for any preschool. But just because you have to pay your teachers doesn’t mean you can’t cut costs. One strategy is to hire part-time staff to cover the less busy hours. Another is to utilize volunteers. I know, I know, the thought of having a volunteer in your preschool can be terrifying. But let me tell you, there are a lot of retired teachers out there who are more than happy to come in and help out for free. And the best part? They’re usually more than happy to do it for the love of the game.

Tip 3: Utilize technology and automation (or as I like to call it, “The future is now”)

Technology can be a lifesaver when it comes to managing preschool finances. Automating tasks like billing and scheduling can save you time and money. Plus, it means you don’t have to worry about misplacing that one important piece of paper that you just know is hiding somewhere in your office. So go ahead and invest in some online billing software, or scheduling software. It may cost you a little bit upfront, but trust me, it will be worth it in the long run.

Tip 4: Create a budget and stick to it (or as I like to call it, “A budget is like a diet, it’s hard to stick to but it’s good for you”)

Creating a budget can feel like a daunting task, but it’s essential if you want to keep costs low. And just like a diet, it’s hard to stick to, but it’s good for you. So go ahead and create a budget, and then stick to it like glue. I know, I know, it’s not always easy. But just think of it this way, the more you stick to your budget, the less time you’ll have to spend worrying about finances.

Tip 5: Seek funding and grants (or as I like to call it, “Beggars can’t be choosers”)

It’s no secret that preschools can be expensive to run. But did you know that there are a ton of funding and grants available to help you out? It’s true! So don’t be afraid to ask for

help. Look into government grants, local community grants, and even private foundations that offer funding for preschools. And remember, beggars can’t be choosers, so don’t be picky about where the money is coming from. Every little bit helps.

Conclusion

Running a preschool is no easy feat, but keeping costs low doesn’t have to be a nightmare. By comparing costs of different suppliers, cutting costs on staffing, utilizing technology and automation, creating a budget and sticking to it, and seeking funding and grants, you’ll be well on your way to a financially successful preschool. And remember, laughter is the best medicine, so don’t forget to laugh at yourself and the silly things that happen in the preschool. Happy budgeting!