Article Link: http://www.childcareexchange.com/article/hows-business-status-report-7-on-for-profit-child-care/5007746/The child care market in our community is extremely soft right now. Even though demand for child care is rising, there is such a glut of centers that some of us are really starting to feel the pinch.
We're playing things pretty close to the vest now. 1990 was a slow year for us and we aren't too excited about 1991.
Until I get a better fix on the severity of the recession, I'm going to put my growth plans on the back burner. Now is the time for a survival mode, not an expansion mode.
Every year for this status report on the for profit sector, Child Care Information Exchange interviews over 100 operators of child care businesses throughout the country about trends in the child care world. In past years, these child care entrepreneurs voiced opinions ranging from cautious optimism to unbridled enthusiasm. This year, the tone changed dramatically with opinions such as those above being the norm.
This change of heart is borne out on the bottom line as well. For the three years preceding 1990, the nation's largest 50 child care organizations (see page 47) increased their number of centers at an annual rate ...