Debt is something of a taboo word for some nursery managers. NDNA can understand why - it is of course never easy to approach parents about monies owed, especially when it is clear they are experiencing financial difficulties.
While no nursery wants to ask a family to leave, debt must not be allowed to threaten survival. A few parents owing even relatively small amounts of money can have a huge impact on cashflow, especially for smaller nurseries.
In the current economic climate, this looks set to deepen. Part of the problem is that when you offer families a warm, welcoming environment, they feel that you will be naturally sympathetic if they experience difficulties. But allowing even a few weeks' fees to build can soon become a debt they cannot realistically pay.
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