Balancing the Ledger: Strategies for Operating Child Care Programs in the Black

E Childhood Prof Dev | This program is completed

Capitol Plaza ---- 100 State Street Montpelier, VT 05602 United States

Ethan Allen Room

Early Care Providers

12/8/2018 (one day)

8:30 AM-3:30 AM EDT on Sat

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$120.00

This one-day workshop is designed to answer the question, “How do we provide quality early care and education and stay afloat as a business?” Whether you are a director of a large center or operate a small family child care program, identifying and understanding the tools and practices that can help make your program more fiscally stable are critical to your success.

This hands-on workshop will guide you through creating, understanding, and analyzing your financial statements; this understanding is a powerful tool in helping you make informed decisions about your program. Should you adjust your tuition rates? Can you give yourself and/or your employees a raise? Can you expand? Are you paying too much for supplies, equipment, food, insurance? We’ll discuss how to measure your comfort level with the management of your program, and how to determine if, what, and when to outsource.

We’ll also cover the various funding streams available to you and how to access them, how to maximize your cash flow, and how to make sure you have a good financial balance for the health of your program.

We’ll discuss economic viability for all stages of your business and all types of programs from start-up to succession, including: for-profit businesses; home-based and center-based programs; and non-profit programs.

There will be lots of time and opportunities to dig into your specific numbers and your specific questions, so please bring existing budgets, bank statements, tax returns – whatever you have that tells the financial story of your program.

Becca Schrader is the Business Resource Manager at the Vermont Community Loan Fund, a mission driven, non-profit Community Development Financial Institution. VCLF provides access to capital with flexible terms for affordable housing development, community facilities, small businesses, and early care and learning programs throughout Vermont, coupling loans with business and management advisory and coaching services. In addition to working one-on-one with borrowers and potential borrowers, Becca provides group trainings and participates in committees and working groups seeking systems-level solutions to complex problems. Becca has over ten years of experience working with individuals, families, early care and learning providers, businesses, and non-profits, coaching them on how to maximize income, manage debt and credit, build assets, and save for the future.

Gustavson, Elena

Elena Gustavson is the Business Advisory Specialist for the Vermont Community Loan Fund, a mission driven, community focused lender that loans to small businesses, early care and learning programs, community organizations, nonprofits, and affordable housing developers. Elena provides one-on-one business, marketing, financial support and advisory services to VCLF small business, farm, food, and early care and learning borrowers, as well as business and financial planning for potential borrowers. Prior to joining VCLF, Elena worked for more than 15 years in both entrepreneurial, food and nonprofit organizations, leveraging her skills in business and organizational development, marketing, communication, and analysis to increase efficiency and provide thoughtful, strategic outcomes.