Economy is very important for any business. When the economy is down, businesses have a hard time keeping their doors open. Parents may be out of work or not have the 8 to 5 type of job (daycare 1). Amy Phan writes: “Parents have lost their jobs or reduced their hours and taken their children out of daycare” (1). Explain that parents feel child care is too expensive to continue (2). Directors can introduce new services to offset declining enrollment. Some centers offer flexible, part-time care programs to parents and monitor children on a drop-in basis (Nursery 1). Martha & May Daycare responded to declining enrollment by boosting marketing and offering special pricing (Phan 3). While most daycares are able to handle the changes in the economy, some are not up to par and must be closed. As a result, parents have to find alternative programs for their children. When New Haven's daycare closed its doors, parents say the search for a new program was difficult, having been rejected due to space issues by the daycares the district referred them to (Chinapen 2) . Directors need to be careful about how they manage company finances. They never know how bad a situation will get, so they have to learn to improvise what they can to stay
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