Ohio Charter School Conference - Building a Growth Strategy

536 views

Published on

Discover how to build a growth strategy for your charter school organization.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
536
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Ohio Charter School Conference - Building a Growth Strategy

  1. 1. Building a Growth Strategy Ohio Charter School Conference Sandusky, OH November 14 + 15, 2013 Copyright © 2013 Charter School Capital, Inc.
  2. 2. Welcome. 2 Copyright © 2013 Charter School Capital, Inc.
  3. 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. 4. WHO WE ARE Panelists •  Michael Connelly, CEO, Mosaica Education •  Marshall Emerson, CEO and co-founder, I CAN SCHOOLS •  Stuart Ellis, CEO, Charter School Capital 4 Copyright © 2013 Charter School Capital, Inc.
  5. 5. Stages of Growth Copyright © 2013 Charter School Capital, Inc.
  6. 6. STAGES OF GROWTH 6 Copyright © 2013 Charter School Capital, Inc.
  7. 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. 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. 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. 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. 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. 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. 13. The Start-up Phase Copyright © 2013 Charter School Capital, Inc.
  14. 14. STAGES OF GROWTH Start-up Common Misperceptions Founding team to “create” best practices “If you build it, they will come.” 14 Copyright © 2013 Charter School Capital, Inc.
  15. 15. STAGES OF GROWTH Start-up The Challenges Finding good leadership and teachers Securing resources Finding suitable facilities Healthy enrollment Sustaining high performance as network expands Marshall speak to this series of slides 15 Copyright © 2013 Charter School Capital, Inc.
  16. 16. STAGES OF GROWTH Start-up Best Practices Study and meet with schools doing things well Don’t be a master of everything. Master a few things and do them really well Build genuine and robust relationship with teachers, leaders, vendors, and external constituents Pay close attention to the budget Pay even closer attention to student progress data Do not waiver in your belief or mission 16 Copyright © 2013 Charter School Capital, Inc.
  17. 17. STAGES OF GROWTH Start-up Challenges Approach Financing Obtaining resources to open Grants, philanthropy, successfully investment partners Facilities Find suitable space Work with real estate partners to assist in finding move-in ready space Community involvement Differentiate school from others Execute admissions and outreach plan Academic Ensure academic model will close any achievement gap and challenge students Implement academic model based on best practice Operational support Partner with experts Wear multiple hats 17 Copyright © 2013 Charter School Capital, Inc.
  18. 18. The Growth Phase Copyright © 2013 Charter School Capital, Inc.
  19. 19. 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 stay stagnant Done with professional development No need to change routines or systems We’ll have sufficient funds from operating revenue to support expansion Facility upgrades will be minimal, if at all 19 Copyright © 2013 Charter School Capital, Inc.
  20. 20. STAGES OF GROWTH Growth Challenges Maintaining high expectations and being flexible Advancing levels of student performance Managing growth with limited resources Upgrading systems to support growth Retaining quality teachers and leaders Matching capital to operational needs 20 Copyright © 2013 Charter School Capital, Inc.
  21. 21. STAGES OF GROWTH Growth Best Practices Continuous professional development and leadership training Build on the culture Focus on individualized instruction and data analysis Increase visibility in the movement 21 Copyright © 2013 Charter School Capital, Inc.
  22. 22. The Sustainable Maturity Phase 22 Copyright © 2013 Charter School Capital, Inc. Copyright © 2013 Charter School Capital, Inc.
  23. 23. STAGES OF GROWTH Sustainable maturity Common Misperceptions With growth, comes distance Time to cash in Challenges decrease as you scale 23 Copyright © 2013 Charter School Capital, Inc.
  24. 24. 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 24 Copyright © 2013 Charter School Capital, Inc.
  25. 25. 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 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 25 Copyright © 2013 Charter School Capital, Inc.
  26. 26. Recap Copyright © 2013 Charter School Capital, Inc.
  27. 27. STAGES OF GROWTH Recap 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 27 Copyright © 2013 Charter School Capital, Inc. Transitional resources In-house team
  28. 28. 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 28 Copyright © 2013 Charter School Capital, Inc.
  29. 29. http://www.slideshare.net/ charterschoolcapital/building-agrowth-strategy-ohio-2013 29 Copyright © 2013 Charter School Capital, Inc.
  30. 30. Questions? Copyright © 2013 Charter School Capital, Inc.
  31. 31. Thank you. 31 Copyright © 2013 Charter School Capital, Inc. Copyright © 2013 Charter School Capital, Inc.
  32. 32. Stuart Ellis 877-272-1001 sellis@charterschoolcapital.org 32 Copyright © 2013 Charter School Capital, Inc.

×