Use your contract to charge hourly rates for additional hours. Paid Child Absence Charge for reserved care whether it is used or not, except for the number of allowed absences set up in your contract. Otherwise you may be frustrated by losing income when relatives visit or parents have work vacation days. Beware of Family Rates Additional children from the same family can be great if you save money by having one less set of parents to bill and to coordinate with. Supplemental Fees Charge fees that cover your cost for swimming, arts and crafts and other special activities.
Charge families a one-time registration fee.
Payment Schedules Set the schedule and charge late fees when parents do not meet it. Build in a Raise for Yourself Review and revise rates on an annual date such as September 1. Make all of your contracts renewable on this date, even for children who sign up later in the year. As a professional provider you must be comfortable talking about your business. Talk value, and emphasize the benefits parents and children receive from your care.