First Children’s Finance Offering Free Business Support Services for ECE Business Owners

As part of the Caring for MI Future initiative, First Children’s Finance provides FREE comprehensive business support services for emerging and existing ECE business owners and leaders. The services offered include monthly trainings about managing and growing your business, webinars aligning the programmatic needs and operational aspects of running your business, business planning workshops, tutorials, individual consultations, and technical assistance.

If you are interested in taking advantage of these services, First Children’s Finance is asking you to complete the inquiry form here, so they are aware of where you are in the process of your business and/or desire to move forward.

Upcoming Sessions:

Precision Pricing For your Family Child Care: Explore childcare’s current state and the factors contributing to childcare business challenges. Complete a SOAR analysis. Understand the process for pricing your business services. Identify strategies to increase your business acumen.

Separating your Family Child Care Finances from Your Personal Finances: Learn essential tools to separate business and personal finances. Learn to utilize computer and file systems to organize financial documents. Develop a business budget.

Managing Enrollment in your Child Care Center: Learn how to understand enrollment in a childcare center, develop your skills to create realistic enrollment projections, and track current enrollment and future openings. Create action steps to maintain and grow enrollment.

When Tuition is Not Enough: Fundraising for your Child Care Center:  Center Directors know the income generated by tuition isn’t always enough to make ends meet. Participants in this session will increase their understanding of the six basic principles of fundraising for childcare programs and identify initial strategies for a childcare center fund development plan.

Policies and Practices for your Child Care Center: Learn how to implement policies, procedures, and systems that support stable program operations. Identify and examine how to organize and create standard policies and procedures manual for their program.

Community Partnerships: Discuss the importance of collaboration and partnerships in the ECE and childcare business. Explore specific community partnerships that will benefit your childcare business. I.E., Cost sharing, Great Start Collaborative, MIAEYC.

The Caring for MI Future is a comprehensive statewide effort by the Michigan Detroit of Education (MDE) to increase the number of licensed childcare programs across the state. It is a $100 million investment that will help more Michigan families find quality, affordable childcare in their community by opening 1,000 new or expanded childcare programs by the end of 2024.

As part of the Caring for MI Future initiative, First Children’s Finance received $4 million in federal American Rescue Plan Act funding awarded by the Michigan Department of Education. To learn more, visit the First Children’s Finance Michigan website.

Posted on February 20th, 2023 | View All Posts