Free calculator for daycare owners
Can you afford to hire a new lead teacher?
Ratios often require a new teacher before a room fills. The cost starts at once. The tuition follows as the room enrolls.
Lowest cash, next 12 months
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Cost before they pay off
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wages paid before new revenue starts
Paid back by
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month the hire covers its own cost
| Month | Without the hire | With the hire |
|---|
The starting numbers are an example for a daycare. Replace them with yours.
The worked example
Here a new lead teacher costs $4,800 a month and starts bringing in $7,500 a month after 2 months. The business pays $9,600 before the hire covers a dollar of it.
How to make the hire safer in a daycare
- Open a new room when the waitlist can fill most of it.
- Ask new families for a deposit or the first month in advance.
- Time new rooms for the start of the school year, when demand is highest.
See every hire in your forecast
One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.