Dayhome Dilemma

Tasha - posted on 09/11/2012 ( 1 mom has responded )

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I currently run a private dayhome. Today one of my clients informed me that she is starting a new job and will only be needing me 2 days a week as opposed to her usual 4 and she is insisting I drop my rate in half. However this is where the situation gets sticky...I currently charge her $600/month for her 2 kids (1 full time and 1 just before school), and it works out to about 160 hours total a month. With her new job I'll have her youngest for 12 hour days twice a week and her oldest now becomes before and after school twice a week. She wants to drop them off at 5:30 in the morning and wont pick them up until 5:30 in the evening. It works out to about 5 hours less every week (140 hours a month as opposed to 160). I obviously can't drop my rate to $300 without having to pay out of pocket to care for these kids. As it is if I take it by an hourly rate I'm currently making $3.75. I feed them breakfast, lunch and snacks as required. Does anybody have any advise as to how I should approach this issue?

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