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That's how you run a business...

February 20th, 2009 at 01:31 am

Um, WOW!

We went to check out that preschool today and after looking at a handful of places with NO KIDS we ran into a highly profitable business woman. I assume anyway.

She has BIG shoes to fill in regards to our past preschool experience. But I think she has already exceeded them.

Very similar play-based philosophy, which is what we are looking for. But it is not a daycare. IT is actually a preschool, though in home, with all the bells and whistles of school. I don't think we care at all about the bells and whistles, but I think it will be a good transition for LM. Our kindergarten is intense.

Her market is the stay at home mom crowd. Probably the most reasonable rates we have seen (charges more per hour than our last place, BUT our last place had a $25 per day minimum for half days, so in the end this will be cheaper for half days). We'd probably have to get onto a waitlist if it wasn't for the economy. She runs 2 morning preschools (T/Th or M/W/F) and 2 afternoon preschools.

We'll start in the afternoons and will be wait listed for a morning slot. Morning is more hours and more importantly, LM is crankier in the afternoon. I mean, afternoon is nap time. So we'll see how it goes.

Not only is it only $36/week, for two half days, BUT she does not charge for field trip days, holidays, vacations, etc., etc. Um, okay. Our last lady was way too nice and would always let the kids make up holidays and such. As a prior business owner I think it is quite fair to charge for these things. People will walk all over you if you let them. But she was going on and on about the things she doesn't charge for.

Considering all the empty daycares and such we had seen, we ran the numbers and figured her full preschool was easily grossing six figures. BEcause it is FULL. About 50 kids all told; 12 kids per program. It's just interesting to me.

Don't get me wrong - I have no idea when this lady ever sleeps. !! She certainly works for it.

LM really liked her and I think she just about exactly fills the shoes of Ms. PReschool, except she is like if Ms. PReschool had 10 times the energy and became less daycare based. LOL.

He was going to preschool in a very modest home and now it is in like this McMansion. I guess that will be different to.

It seems like a good fit for LM, is very close to home, and costs little. So I am VERY excited about it. HE starts next week!

I am worried how we will fit into the mix. She kept going on about all the SAHMs though we were clear I worked and dh didn't. So, hopefully he will fit in. Big Grin

(I know LM will fit in fine - hehe).

We do have to commit for the month, so this is the only difference. Our last place was no commitment. Though I think she said something about 2-weeks notice...

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I just upped my savings goal by $2k for the year because that is how much we will save with the switch. The savings will be a little less if he gets a morning slot, but we will cross that bridge when we come to it.

I am currently putting $333/month into our ROTHs. I am going to *up* that to $350 with the gas savings of this new, closer preschool. It will be nice to get a nice round figure. I also think it is very likely that we will be able to *up* this to $5k for the year. It's just not a priority as that would put our retirement at 16.25% gross. Our current goal is merely 15%. We'll surpass 15% a tad... $350/month = $4200 for the year. 15.25%.

I didn't mind the preschool thing for one more year, but with the economy and everything, it feels divine to save a little more cash in 2009. I can *up* my regular savings contributions from $250/month to $400/month, starting ASAP. Woohoo! I think it is a distinct possibility that we will hit 10% gross to cash savings goal, in 2009.

Our next goal after that is to max out our second ROTH. That goal still feels a mile away... But getting closer.

1 Responses to “That's how you run a business...”

  1. frugaltexan75 Says:
    1235102593

    It sounds like you've found a good place to put LM. Yay!

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