3rd January 2023 Leadership & Management Nursery Management Software All Posts

3 Easy Ways to Kickstart Your Childcare Setting Goals for 2023

Happy New Year!

We hope that whatever you got up to over the holidays was enjoyable and that you’re ready to welcome in 2023 with a fresh outlook. As you’re getting back into the swing of things, now is the perfect time to turn that new year’s energy into something big.

Did you know that you’re way more likely to achieve your goals if you write them down?

Today we want to focus on 3 easy ways that you can kickstart your childcare setting goals for 2023. No matter how big or small your goals are, we’ve got some tips and advice to help you achieve them and reach your full potential in 2023. 

Here are 3 Easy Ways to Kickstart Your Childcare Setting Goals for 2023…

1. SWOT Analysis 

You should use SWOT Analysis to assess your current position before you decide on any new strategy for your childcare business.

SWOT Analysis is a technique for assessing these four aspects of your business. You can use SWOT Analysis to make the most of what you’ve got, to your organisation’s best advantage. And you can reduce the chances of failure, by understanding what you’re lacking.

What does SWOT Analysis look like?

Typically, SWOT Analysis features 4 categories – strengths, weaknesses, opportunities, and threats. Below we outline what you can include within each category:

Strengths:

  • Things your business does well

  • What do you do better than the nursery down the road?

  • Do you use any amazing resources or technologies?

Weaknesses:

  • What could you improve?

  • Where do you lack resources?

  • What do your parents not like?

  • Do you have resource limitation

Opportunities:

  • What opportunities are open to you?
  • How can you turn your strengths into an opportunity?
  • Are you using any new technology?
Threats:
  • Is there new or increased competition in your area?
  • Government policies, funding, COVID-19


Use this handy PDF Template to create your own simple SWOT Analysis:

Download Now

2. Profit and Loss Projections

Now it is time to focus on the financials of your business and your future forecasts. Unless you are a spreadsheet lover you may find this a little challenging – but it is a crucial step when formulating your goals for 2023. 

Once you create your profit and loss projection for 2023, it will provide you with a snapshot of your financial health as a business – and in turn this will allow you to focus on areas where you can save money, or invest it to help your childcare business grow and thrive. 

Financial forecasting can be a minefield and may be a daunting task, and you may be able to ask your accountant for help. Alternatively, if you use a nursery management software package, you can export the data from there. 



Use this handy Profit & Loss Projection Template to forecast for the new year.

Download Now

3. Save Admin Time

 

 

Did you know you can save yourself up to 80% of your admin time by using Connect Cashflow? With this feature, bills will be sent directly to parents within their app to allow them to make instant payments – so you don’t have to spend time chasing invoices. All of the admin and payment allocation is taken care of for you, freeing up more precious time to spend with the children in your setting. 

Access the 2023 Essential Nursery Manager Resource Bundle

Click the link below to access all of these essential free resources and kick off 2023 the right way.
Access the Bundle

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