The Big Hearted Podcast

Deciding to put your fees up? Listen to this first!

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Welcome to a pivotal discussion on financial empowerment in family day care. In today's episode, we address the often daunting task of setting fees that accurately reflect the value of the services provided. Our focus isn't just on the numbers, but on the fundamental respect and worth that every educator should command.

What You'll Learn:

  • Understanding Your Costs: How to calculate the real cost of opening your doors every day, including unexpected expenses like renovations or increased utility rates.
  • Business Mindset: Transitioning from informal fee-setting to a structured, business-like approach to financial management within your day care.
  • Investment and Recovery: Strategies for spreading significant expenses over time to avoid fee spikes while still planning for financial sustainability.
  • Value Your Worth: Encouraging educators to set fees based on their unique offerings and expertise, rather than undervaluing their services to match market norms.
  • Comprehensive Expense Planning: Including taxes, superannuation, sick and annual leave in your fee structure to ensure a well-rounded financial strategy.
  • Encouragement to Educators: Emphasising the importance of not undercharging, which can hinder the financial and professional growth of educators.

    • Featured Insights:

    • Valuing Your Service: Recognise and charge for the value you add through experience, professional development, and quality of care.
    • Personal Stories and Experiences: Real-life scenarios that highlight the emotional and practical challenges of fee-setting in family day care.
    • Empowering Women in Business: Discussing the broader implications of financial empowerment for women in the early childhood education sector.

      • Whether you're new to setting fees or looking to refine your approach, this episode offers essential strategies to ensure your family day care thrives financially and ethically. Join us for a robust conversation that aims not just at sustaining your business, but elevating the quality of early childhood education.

      Resources Mentioned:

      • Profitable FDC Course: Dive deeper into profitable strategies specific to family day care.
      • Kickstarter Course: A free resource for educators starting in fee management and resource budgeting.
      • You can find them here: Courses Here

        • For more insights and support in running your family day care as a flourishing business, visit Big Hearted Education.

        Tags: #bigheartededucation, #bigheartedpodcast, #FDC, #FDCeducator, #WomenInBusiness, #ECEFinance

        Tune in, charge your worth, and transform your educational space into a thriving, sustainable business.

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        The Big Hearted PodcastBy Victoria Edmond