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Florida Charter School Conference Building a Growth Strategy

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Stuart Ellis, Charter School Capital President, Jim Horne, Former Commissioner of Education for the State of Florida, Isis Rosso, Learning Path Academy Co-founder, Michael Strader, Charter School …

Stuart Ellis, Charter School Capital President, Jim Horne, Former Commissioner of Education for the State of Florida, Isis Rosso, Learning Path Academy Co-founder, Michael Strader, Charter School Associates President, map out the three stages of charter school growth from start-up to expansion/growth mode to a mature/sustainable school.

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  • 1. Building a Growth Strategy Florida Charter School Conference Orlando, FL November 20, 2013 Copyright © 2013 Charter School Capital, Inc.
  • 2. Welcome. 2 Copyright © 2013 Charter School Capital, Inc.
  • 3. WHAT WE’LL COVER Agenda •  Charter school growth stages •  Challenges school operators face at each stage •  Best practices and takeaways from our experienced panel Presentation will be available for download 3 Copyright © 2013 Charter School Capital, Inc.
  • 4. WHO WE ARE Panelists •  Jim Horne, Former Commissioner of Education, State of Florida •  Isis Rosso, Co-founder, Learning Path Academy •  Michael Strader, President, Charter School Associates •  Stuart Ellis, CEO, Charter School Capital 4 Copyright © 2013 Charter School Capital, Inc.
  • 5. Stages of Growth Copyright © 2013 Charter School Capital, Inc.
  • 6. STAGES OF GROWTH 6 Copyright © 2013 Charter School Capital, Inc.
  • 7. STAGES OF GROWTH Strategic approach Start-up Financing Facilities Community involvement Academic accountability Operational support 7 Copyright © 2013 Charter School Capital, Inc. Growth Sustainability
  • 8. STAGES OF GROWTH Strategic approach Start-up Financing Any liquidity Facilities In target locale Community involvement Awareness Academic accountability Establish program Operational support Outside experts 8 Copyright © 2013 Charter School Capital, Inc. Growth Sustainability
  • 9. STAGES OF GROWTH Strategic approach Start-up Growth Financing Any liquidity Flexibility/ scalability Facilities In target locale Modular Community involvement Awareness Fulfill the promise Academic accountability Establish program Measure program Operational support Outside experts 9 Copyright © 2013 Charter School Capital, Inc. Transitional resources Sustainability
  • 10. STAGES OF GROWTH Strategic approach Start-up Growth Sustainability Financing Any liquidity Flexibility/ scalability Cost Facilities In target locale Modular Curb appeal/cost Community involvement Awareness Fulfill the promise Fabric of community Academic accountability Establish program Measure program Continuous improvement Operational support Outside experts 10 Copyright © 2013 Charter School Capital, Inc. Transitional resources In-house team
  • 11. STAGES OF GROWTH Strategic approach Start-up Growth Sustainability Financing Any liquidity Flexibility/ scalability Cost Facilities In target locale Modular Curb appeal/cost Community involvement Awareness Fulfill the promise Fabric of community Academic accountability Establish program Measure program Continuous improvement Operational support Outside experts 11 Copyright © 2013 Charter School Capital, Inc. Transitional resources In-house team
  • 12. STAGES OF GROWTH Finance considerations •  Different structures of working capital –  Receivable sale –  Term loan –  Line of credit •  Facilities financing options –  Lease option –  Bond –  Traditional bank loan •  Regarding costs of funds, all costs are NOT created equal –  Evaluate total $ cost rather than % rate –  Consider fixed transactional costs and penalties, in addition to annual rate related to costs 12 Copyright © 2013 Charter School Capital, Inc.
  • 13. The Start-up Phase Copyright © 2013 Charter School Capital, Inc.
  • 14. STAGES OF GROWTH Start-up Common Misperceptions This is going to be very hard It takes at least two years to open a school School districts are not friendly 14 Copyright © 2013 Charter School Capital, Inc.
  • 15. STAGES OF GROWTH Start-up •  Challenges at transition from Start-up to Growth phases The Challenges – Access to funds Understand the process – Resources (HR) – Other? Gain access to the information you need Recruit staff Acquire the right facility Marshall speak to this series of slides Student enrollment 15 Copyright © 2013 Charter School Capital, Inc.
  • 16. STAGES OF GROWTH Start-up Best Practices Starting-up can be hard – stick with it Do not waver in your belief or mission Build genuine and robust relationship with teachers, leaders, vendors, and the community Pay close attention to the budget Pay even closer attention to student progress data – our priority is our students 16 Copyright © 2013 Charter School Capital, Inc.
  • 17. The Growth Phase Copyright © 2013 Charter School Capital, Inc.
  • 18. STAGES OF GROWTH Growth Common Misperceptions “After the 3rd year, all will be in place and it’s smooth sailing!” Performance and accountability requirements will be the same Professional and leadership development will be limited. Teachers and principals will be fully trained No need to change routines or systems Will have sufficient funds from operating revenue to support expansion Facility upgrades will be minimal, if at all 18 Copyright © 2013 Charter School Capital, Inc.
  • 19. STAGES OF GROWTH Growth The Challenges Adjusting to higher expectations and new/changing accountability requirements Advancing levels of student performance Managing growth with limited resources Inefficient or inadequate operating and data systems Annual loss of quality teachers and leaders Ability to recruit and hire new teachers Lack of capital for FFE, marketing, professional development, and curriculum 19 Copyright © 2013 Charter School Capital, Inc.
  • 20. STAGES OF GROWTH Growth Best Practices Move from entrepreneurial toward standardized policies Build school culture Focus on continuous leadership Focus on teacher training and development New staff hired with position-specific skills and expertise Create professional learning communities (PLCs) and “data teams” Expand your community vision of learning environment to 24/7 20 Copyright © 2013 Charter School Capital, Inc.
  • 21. The Sustainable Maturity Phase 21 Copyright © 2013 Charter School Capital, Inc. Copyright © 2013 Charter School Capital, Inc.
  • 22. STAGES OF GROWTH Sustainable maturity Common Misperceptions Prior success is enough to drive enrollment Can maintain existing programs Challenges are easier to meet as you scale and your resources increase 22 Copyright © 2013 Charter School Capital, Inc.
  • 23. STAGES OF GROWTH Sustainable maturity The Challenges Developing and executing a sustainable strategic plan Anticipate challenges Identify aspiration – mission, vision, core values, SWOT Right team to implement strategic vision and plan Reevaluate financing to match your needs Continuous innovation 23 Copyright © 2013 Charter School Capital, Inc.
  • 24. STAGES OF GROWTH Sustainable maturity Best Practices Define your objectives clearly and communicate them extensively both internally and externally Celebrate your successes and analyze your failures Clearly define management functions and develop individual roles Develop data-driven culture and make sure you retain the passion that got you started Take what you do seriously with out taking yourself too seriously Develop pillars that define what you do Assess performance regularly and use assessment to improve 24 Copyright © 2013 Charter School Capital, Inc.
  • 25. Recap Copyright © 2013 Charter School Capital, Inc.
  • 26. STAGES OF GROWTH Key takeaways •  Stages in charter school lifecycle present very different challenges •  Strategy and focus needs to vary significantly as you grow •  Leverage experts at every stage to allow you to focus on educating kids 26 Copyright © 2013 Charter School Capital, Inc.
  • 27. http://www.slideshare.net/ CharterSchoolCapital 27 Copyright © 2013 Charter School Capital, Inc.
  • 28. Questions? Copyright © 2013 Charter School Capital, Inc.
  • 29. Thank you. 29 Copyright © 2013 Charter School Capital, Inc. Copyright © 2013 Charter School Capital, Inc.
  • 30. Stuart Ellis 877-272-1001 sellis@charterschoolcapital.org 30 Copyright © 2013 Charter School Capital, Inc.

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