You would think, but for the most part daycare is a very low profit industry. The problem I think is that all the costs tend to scale with size. So having a lot more clients just means a lot higher costs.
There are exceptions of course, but all of those that I’ve seen also have some other luxury additions to basic care.
I can’t see it as being a high expenditure business. Majority of spending should be towards rent/mortgage and repair and maintenance. It’s not like there is a lot of consumables or anything. All that money has to go somewhere.
Cleaning supplies alone are a huge consumable. Arts & crafts materials. Toys are basically consumables because kids play rough. Same for books. Some daycares include breakfast, lunch, and snack. First aid supplies, kids hurt themselves all the time.
But yeah, definitely also lots of diverting profits up to the CEO 😓
When we consider all that reasonably goes into running such a service, we can rationally figure out how much is being diverted to the wrong pockets and make it better.
Not sure if we are talking about daycare or elder care at this point in the thread, but it applies to both: they work with vulnerable populations and entail a lot of risk / legal liability, thus have significant insurance costs and regulations to comply with.
It’s almost like somebody pays the workers much less than the revenues and pockets the difference
You would think, but for the most part daycare is a very low profit industry. The problem I think is that all the costs tend to scale with size. So having a lot more clients just means a lot higher costs.
There are exceptions of course, but all of those that I’ve seen also have some other luxury additions to basic care.
I can’t see it as being a high expenditure business. Majority of spending should be towards rent/mortgage and repair and maintenance. It’s not like there is a lot of consumables or anything. All that money has to go somewhere.
Cleaning supplies alone are a huge consumable. Arts & crafts materials. Toys are basically consumables because kids play rough. Same for books. Some daycares include breakfast, lunch, and snack. First aid supplies, kids hurt themselves all the time.
But yeah, definitely also lots of diverting profits up to the CEO 😓
I appreciate your realistic assessment here.
When we consider all that reasonably goes into running such a service, we can rationally figure out how much is being diverted to the wrong pockets and make it better.
probably not as much as employee salaries, if they offer benefits. and managment or administration costs(they claim)
Not sure if we are talking about daycare or elder care at this point in the thread, but it applies to both: they work with vulnerable populations and entail a lot of risk / legal liability, thus have significant insurance costs and regulations to comply with.
i assume its for some type of insurance but I also don’t run a day care.
probably bs things like admin, or managment fees.