Keeping that cash flowing in a positive direction will depend on your facility's occupancy rate a tough task when a decent percentage of your customers have a tendency to die off.
"It's not an easy industry to be in, whether complying with regulations that don't exist for any other industry or, worse yet, having the threat of the Obama administration cracking down on your facility even though you did everything you could to comply with regulation," said Smith.
The magnitude of this suggests that there could be opportunities to improve on your facility's efficiency.
Focus on ensuring that your facilities are clean and your personnel are properly trained.
You can't re-arrange supply chains to avoid droughts or storm risk quickly, or flood-protect or move your facilities on the fly.
You're also making a long-term investment when you cover start-up costs and improvements on your business facility.
Your facilities will depend on how you fight.
While a few hundred dollars for a faucet can be a serious outlay for many child care facilities, there's a good chance you'll save in the long run by cutting down on germs and keeping your facility full.
Use review sites like Google Places and Yelp to literally put your facility on the map, and offer incentives to tenants for writing reviews for your facility.
Take all of these factors into consideration when deciding on a facility for your loved ones.
Does your facility have a policy on test result communication?
