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Make Big Things Out of Little Things

finances leadership vendors May 26, 2020

Third party vendors can be pebbles in your shoe or building blocks for your school. 

This is the time of the year when you should be taking significant inventory of WHO is on your team. This doesn’t just include employees; this includes Third Party Providers. Typically you hire a third party provider for one of two reasons:

  1. You don’t want to do it.
  2. You cannot do it (time, skill, etc).  

Having strong third party support to do the things you cannot or don’t want to do is critical to your success. It can also be the pebble in your shoe that takes you down. 

Six  years ago, I started my business, and there have been two particular areas in which these pebbles have nearly destroyed my shoes, my toes, almost everything. (If you know college basketball and Zion Williamson from Duke--that’s the kind of shoe blow out in the 2019 tournament I’m talking about.)

These pebbles are:

  • Website support
  • Bookkeeping/Accounting

I was so naive...

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Five Strategies for Charter School Financial Success

Budgets are plans that help you to prioritize where your money should be spent. By building a budget, it minimizes frivolous spending and creates a uniformed plan that everyone should follow. Public charter schools receive millions of dollars annually in public taxpayer money. Since we know that the number one cause of charter school closings is based on fiscal mismanagement, I want to share with you five strategies for fiscal success in charter schools.  What I learned from Jon Schwartz’s Charter Growth Fund, was instrumental in helping me meet my goals. We utilized Jon’s strategies to turn around the fiscal standing of two public charter schools. One school had over $500,000 in previous year’s debt. We used these strategies to not only pay off all debt, by carry a $100,000 surplus.

 Tip #1: Start budgeting in the First Quarter, Not the Last: If you’re reading this in the Spring, that’s ok; just begin planning differently moving forward. Once...

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