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CREATIVE FINANCIAL MANAGEMENT

CREATIVE FINANCIAL MANAGEMENT. Profits Centers: More and New Paths to Financial Sustainability. Summer Programs Bus Service Food Service Rental of Facilities Adult Classes Internet Based Education School Store Signage Rentals Extended Day Care After School Clubs. Profit Centers.

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CREATIVE FINANCIAL MANAGEMENT

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  1. CREATIVE FINANCIAL MANAGEMENT Profits Centers: More and New Paths to Financial Sustainability

  2. Summer Programs • Bus Service • Food Service • Rental of Facilities • Adult Classes • Internet Based Education • School Store • Signage Rentals • Extended Day Care • After School Clubs Profit Centers

  3. Sports Camps Run by School • Build in Overhead Costs of Facilities/Depreciation • Outreach Source for Admissions • Cutting Edge Sports Programs • Summer Day Camps • Off Site Facilities for Program Rental • Can Generate Net of $50K to 300K Summer Programs

  4. Bussing for Admissions • Bussing for Outreach and Marketing • Used Buses, Owning, Not Leasing • Staffing: hiring and training • Maintenance • Discipline and Educational Use • Multiple Departures, Program support • Sports Uses • Could generate Net of one million for school of 1200 Bus Outreach

  5. Formal Dining • Control your Caterer/Vendor • Avoid Individual Meal Purchasing • Have a Dining Room: Multiple Reasons • Quality and Quantity • Working with Vendors • Extra Entertainment Catering • Can Generate Net of 150K to $1,000,000 Food Service

  6. Weekend and Week Night Use • Management of Rentals • Room and space control: Teacher reaction • Pricing and Market Management • Faculty/Staff Support • Admissions/Marketing Connections Rentals

  7. Taught by Parents, Alumni and Staff • Themes • Marketing Connections • Tie in to Universities • Tie in to for Profit Schools/Global connections • Parent Association Role Adult Classes

  8. Courses Online • Tie in to Alumni • Tie in to local Universities and Colleges • Controlled/Patented Content Internet Education

  9. Stocking the Shelves • Ordering Online • Staffing and “Presence” • Outreach and Marketing • Market Reach • Tying into needs of Students, Parents, Alumni and Staff • Tying into needs of GRANDPARENTS • Can Generate 50K to over $1,000,000 School Store

  10. Use of Athletic spaces • Control • Pricing • Marketing and Fund Raising • Corporate Connections • Family Connections • Easy to Generate $100K plus Net a year Signage

  11. Ensure that monies from these activities flow through the school business office and that faculty and staff are not tutoring on school premises in order to earn extra money Extended Day and After-School Clubs

  12. Summary Profit centers represent marketing and opportunities for generating revenues. What opportunities do you see at your school?

  13. Global Issues - Local Solutions John C. Littleford 1-800-69-TEACH John@JLittleford.com www.JLittleford.com

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