Business Matters (9%)
12/15/2022 06:30 PM - 08:30 PM CT
Admission
- Free
Location
Summary
This training is designed to help participants maintain accurate financial records for their childcare business. We will discuss common errors business owners make in the first 5 years of operation that may cause their business to fail. This training will feature some of the best practices needed to maintain a profitable. This training will highlight SWOT Analysis, a common tool for business owners which provides a snapshot of the strengths, weaknesses, opportunities, and threats allowing for successful management of the business. The SWOT Analysis will be used as a guide throughout this training to create several financial plans as well as encourage participants to evaluate their business throughout the year.
Description
Meeting ID: 845 5738 5114
Presented By: Adrienne Humphries
Objectives: Participants will: 1. Understand the importance of evaluating their finances as income and expenses changes. 2. Knowledgeable in using SWOT Business Analysis Tool to adjust the budget as needed for the business. 3. Be able to create an expense report, calculate salaries as well as calculate the cost of care per child. 4. Demonstrate understanding on how to complete the Child Care Market Rate Survey.
Core Competencies: II
CDAs: 1