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Episode 18: Opting to Open a Franchised Child Care Center & Helping Other Owners Run Their Businesses with Nannette Ray
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Nannette Ray was born at the height of the Civil Rights movement in Mississippi. Her mom was a single parent who worked several jobs and died when Nanette was in the ninth grade, which instilled in her the desire to make her mother proud.
She went on to earn her MBA, own two Kids ‘R’ Kids learning academies and to found and become president of TNR Advisors & Management Consultants, which helps many child care centers with financial decisions and planning.
In this podcast, she describes the path that she and her husband took to becoming child care center owners and to helping other owners with the financial aspects of their businesses. A key part of that is looking forward rather than focusing only on the past.
She discusses why she opted to open a franchised daycare versus an independent center as well as common mistakes she sees in how new owners operate child care centers, such as not operating with a budget.
You can learn more about Nannette and her work to help businesses make data-driven decisions at www.tnraccounting.com!
About Nanette:
Nannette Ray recently received the Houston Business Journal’s Women Who Mean Business award for 2021. As founder and president of TNR Advisors & Management Consultants, Nannette is responsible for measuring, managing and improving overall performance of the organization and day-to-day operations.
She has successfully run various companies over the last 16 years and uses this knowledge to successfully perform as managing partner. She runs the business with her husband, Terrence Ray, who is a CPA and the company’s vice president.
Nannette is a mother of three who holds an undergraduate degree in accounting and information systems from the University of Texas at San Antonio and holds an MBA from St. Mary’s University in San Antonio, Texas.
Additional Resources:
To get more insights on ways to succeed in your child care business, head over to our Resource Center at www.procaresoftware.com/resource-center.
Contact Us:
Have an idea for a podcast or want to be a guest? Email us at podcast@procaresoftware.com!
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