1. Do you review your financial reports (like profit & loss statements, balance sheets, and budgets) on a regular basis to help guide your business decisions?
2. Do you use your financial reports to understand how changes in the economy or funding (like subsidy rates or economic changes) could affect your business?
3. Have you looked at your tuition rates in the past year to make sure they reflect both your true costs and what similar programs in your area charge?
4. Are you working on adding at least one new way to bring in income (like a new service or funding source) in the next 90 days?
5. Do you have a plan that helps you prioritize debt payments based on interest rates and cash flow?
6. Have you reviewed your insurance coverage in the past year to ensure it still fits your business's current size and risks?
7. Do you regularly update your parent/caregiver agreement and emergency plan based on real-life issues or lessons learned from drills or incidents?
8. Do you offer competitive benefits like PTO, retirement, or health insurance, that are clearly documented in your staff agreements?
9. Have you looked ahead at enrollment changes and made a plan for when and how you'll hire?
10. Are you working with a coach or peer group to resolve a business challenge?
11. Do you have a documented target audience profile that guides your marketing efforts and is it well reflected on your website and social media?
12. Do you track your enrollment by age group and schedule so you know where you have room to grow or need to shift focus?
13. Do you regularly collect feedback from families and staff to guide business improvements?
14. Do you have financial and/or growth goals for the next 1-3 years and a plan in place to reach them?
15. Have you reviewed the systems or tools you use (like software or apps) in the past year to see if they’re still saving you time and meeting your needs?
16. Have you talked to a tax professional about whether becoming an S-Corp or LLC (filing as an S-Corp) could help you save on taxes?
17. Do you have clear HR practices and understand your legal responsibilities as an employer?
18. Have you looked into retirement plans (like SEP IRAs) or tax credits (like the startup credit or work opportunity credit) that might benefit your business?
19. Do you actively promote your referral program to both families and staff on a regular basis with clear incentives for successful referrals?
20. Have you compared bank accounts, credit cards, or loan options to see if you could save on fees or earn better interest?
21. Are you able to invest in your own development or long-term security—like setting aside money for retirement or training?
22. Are you building a capital reserve or working with others to pool funding for bigger investments in your business?
23. Do you have a clear plan in place for who can access critical business information if you’re ever unavailable or incapacitated and how decisions would be handled?
24. Do you have a list of needed facility improvements and have you priced them out or planned how you'll pay for them over time?