CREATIVE FINANCIAL MANAGEMENT

simpleluncheonManagement

Nov 10, 2013 (3 years and 5 months ago)

55 views

Profits Centers: More and New
Paths to Financial Sustainability

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CREATIVE
FINANCIAL
MANAGEMENT

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Profit Centers

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Summer Programs

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Bus Service

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Food Service

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Rental of Facilities

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Adult Classes

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Internet Based Education

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School Store

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Signage Rentals

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Extended Day Care

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After School Clubs

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Summer Programs

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Sports Camps Run by School

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Build in Overhead Costs of
Facilities/Depreciation

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Outreach Source for Admissions

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Cutting Edge Sports Programs

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Summer Day Camps

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Off Site Facilities for Program Rental

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Can Generate Net of $50K to 300K

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Bus Outreach

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Bussing for Admissions

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Bussing for Outreach and Marketing

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Used Buses, Owning, Not Leasing

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Staffing: hiring and training

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Maintenance

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Discipline and Educational Use

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Multiple Departures, Program support

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Sports Uses

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Could generate Net of one million for school of
1200

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Formal Dining

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Control your Caterer/Vendor

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Avoid Individual Meal Purchasing

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Have a Dining Room: Multiple Reasons

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Quality and Quantity

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Working with Vendors

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Extra Entertainment Catering

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Can Generate Net of 150K to $1,000,000

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Food Service

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Rentals

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Weekend and Week Night Use

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Management of Rentals

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Room and space control: Teacher reaction

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Pricing and Market Management

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Faculty/Staff Support

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Admissions/Marketing Connections

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Adult Classes

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Taught by Parents, Alumni and Staff

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Themes

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Marketing Connections

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Tie in to Universities

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Tie in to for Profit Schools/Global connections

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Parent Association Role

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Internet Education

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Courses Online

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Tie in to Alumni

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Tie in to local Universities and Colleges

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Controlled/Patented Content


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School Store

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Stocking the Shelves

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Ordering Online

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Staffing and “Presence”

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Outreach and Marketing

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Market Reach

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Tying into needs of Students, Parents,
Alumni and Staff

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Tying into needs of GRANDPARENTS

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Can Generate 50K to over $1,000,000

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Signage

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Use of Athletic spaces

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Control

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Pricing

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Marketing and Fund Raising

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Corporate Connections

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Family Connections

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Easy to Generate $100K plus Net a year

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Extended Day and After
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School Clubs


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

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

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Summary


John C.
Littleford

1
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800
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69
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TEACH

John@JLittleford.com

www.JLittleford.com

Global Issues
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Local Solutions