Profit Is Not a Dirty Word: The Financial Truth Every Family Day Care Educator Needs to Hear with Shannon Knight

Running a family day care service means wearing many hats: educator, business owner, administrator, accountant, and future planner. In this episode of the Big Hearted Podcast, I sit down with Shannon Knight from Ledger Management, a former family day care educator turned accountant, to unpack the financial side of family day care. Together, we discuss the common mistakes educators make when managing their finances, why understanding your numbers matters, and how simple systems can help you build a sustainable and profitable business. We dive into tax deductions, superannuation, GST, pricing, profit, insurance, assistants, WorkCover, and the financial mindset shifts every educator needs to make to create a thriving family day care business that supports both their present and future selves. This conversation is practical, honest, and packed with actionable advice that could save educators thousands of dollars while helping them feel more confident about the business side of family day care. Whether you're new to family day care or you've been operating for years, this episode will encourage you to stop treating your service like a hobby and start treating it like the valuable professional business it truly is.   Resources mentioned: • Ledger Management Family Day Care Services:www.ledgermanagement.com.au/familydaycareservices • Shannon Knight – Ledger Management • Family Day Care Tax Guide eBook (available via the link above)   Please remember: The information shared in this episode is general in nature and should not be considered financial advice. Always seek advice specific to your personal circumstances.