​Tuition & Other Revenue Strategies

• Capture revenue

• Ask families to pay/donate

• Communicate honestly with families

• Relationships are important

• Keep the learning happening

• Treat each situation on a case by case basis

• Consider modifying current contracts

• Add subsidy & school age care to offerings

Creative Financing

• Supply Donations

• Business Grants

• Direct Loans

• Home Equity Loans

• Retirement Accounts

• Friends/Family

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Strategies for Managing Expenses

• Reduce Labor Costs

• Forgive overhead expenses

• Review all expenses and eliminate non-essentials

• Negotiate with creditors - all of them!

• Consider delayed tax options:

  • IRS Tax Deadline Info Extended to July 15

  • Virginia Tax Filing Info Remains May 1

Next Steps

• Parents may seek temporary child care

• Consider offering less than full-time care:

  • part-time​, drop-in​

  • overnight, weekend

• Care for school age children ​

• If you change hours, contact business liability insurance to make sure you're still covered

• Prepare for summer programming

• Catch up on your wish list:  add technology, engage social media, update your website