Administrators of early education and school-age programs need to develop skills in business and financial management to ensure long-term sustainability. This module will describe how to write a business plan to guide the operations of a child care program. Participants will also learn how to create a financial management plan (including written financial procedures). Finally, they will learn how to create a one-year operating budget. (2 hours)

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Course Objectives

  • Show why early education and school-age programs need strong business and financial management systems.
  • Identify the parts of a business plan for an early childhood education or a school-age program.
  • Outline how to set up a financial management plan and financial operating procedures.
  • Construct a one-year operating budget.