Early Education Business Program: Financial Management Essentials

About this workshop

Strong financial management is essential to building a sustainable child care business. This session will introduce foundational financial concepts, systems, bookkeeping practices, and financial statements to help child care business leaders better understand their numbers and make informed decisions.

Financial Management Essentials is Session 3 of the four-part Early Education Business Program series. Each session may be taken individually, so participants can attend the topics that best meet their business needs.

You’ll learn how to:

• Define essential financial terminology and concepts used in child care business management
• Identify financial management systems and processes that support organized, sustainable program operations
• Explain how financial data and the Iron Triangle—quality, affordability, and sustainability—can influence business decisions
• Analyze the components and purposes of key financial statements, including income statements, balance sheets, cash flow, and budgets

Who should attend

This session is designed for child care center owners, directors, and early education business leaders who want to strengthen their understanding of financial management and use financial information to support sound business decisions.

What you’ll walk away with

You’ll gain a stronger foundation in financial management terminology, recordkeeping, bookkeeping, financial systems, and financial statements. You’ll also explore how the Iron Triangle of quality, affordability, and sustainability can help inform financial decisions and identify opportunities for improvement.

Presented by

Facilitated by consultants from Early Education Business Consultants (EEBC)

Program Series

This workshop is part of the four-part Early Education Business Program series, designed to provide practical business education and support for early education professionals. Each class may be taken individually; participants do not need to attend the full series.

Registration

Registration cost: $10.00 per class.

Separate registration is required for each class.

Refunds are not available.

Funding Disclosure

The Virginia SBDC Network is funded in part through a cooperative agreement with the U.S. Small Business Administration, Commonwealth of Virginia, George Mason University, and local host institutions. Full disclosures regarding federal funding are available at virginiasbdc.org/funding-sources. The Virginia SBDC is nationally accredited by America’s SBDC.

Our workshops, events, and programs are designed with a small business owner in mind. Actionable, sharing of ideas, and takeaways to keep things straight.

The City of Roanoke is our fiscal host. The cost of this workshop is directly allocated to Virginia SBDC, Greater Roanoke & NRV Regional Small Business Development Center programming.

The SBDC reserves the right to cancel a workshop/event/program for insufficient enrollment, weather emergencies, and other unforeseen circumstances. Should a cancellation occur we will use the email you provided to contact you. Pre-registration is highly recommended. If an event is canceled or postponed and you have not pre-registered we will not be able to contact you.

All programs of the Virginia SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.