Income/revenue – the money you get from the sale of goods or services (program fees, etc.)
Expenses – what you spend on things like rent, wages, supplies, etc.
Net Income (profit/loss) – the amount you make (or lose) after deducting your expenses from your income
Example:
Income from program fees - $10,000
Total Expenses (fixed, variable and non-recurring) - $9,000
Net Income - $1,000 (income – expenses)
The Planning Cycle
Your budget is only one component of your business planning cycle. This cycle describes where the budget fits into the typical business planning process. Notice that it occurs later in the cycle (step 5). Taking the time to complete each of these steps sequentially will contribute significantly to the success of your budget.
We'll only be focusing on the budget for this class so don't be too intimidated by the entire process! This section is simply to understand how this fits into the big picture.
Planning Cycle Steps
This defines who you are, what business you are in, and the reason for your school/child care’s existence. This helps guide your course of business.
This is the plan for the next 12 months that will help you achieve your mission and provide services to your clients.
There will be limits to what you can do depending on space, hours, time, and energy. You must recognize these limitations and decide how they will impact your income and expenses.
Based upon your potential and the cost of being in business, you will set your rate to ensure that you cover your costs and make a profit.
As a business person, there are things you may wish to accomplish that help you better service clients, grow the business, or make your life easier.
By creating an Action Plan with detailed steps to follow, you are more likely to bring your vision to fruition. Action Plans contain deadlines, resources, needed challenges, specific steps, and costs.
This is your estimate for the revenue you will collect, the expenses you will incur, and any other special costs to run the business over the next year.
This is where keeping good records becomes so important. Analyzing budget performance is:
At the same time, you should monitor your Action Plan to determine if you're on track to meet your goals.
Budgeting is something you think about all year long, not just at the beginning of the year. Based on what is currently happening with your business, you will likely need to make some changes due to budgetary needs. This may also require reviewing the underlying assumptions that you used to build your budget, such as capacity and number of clients.
The lessons learned over the course of the year need to be evaluated and considered in the next year's planning process. Thus, planning becomes a year-round process.
Before you start creating a budget, think about your business:
Revenue – estimate the number of children for you program over the next year, as well as fees charged per child. Be sure to consider any other sources of revenue (grants, rental income, product sales, etc.).
Expenses – this will likely be the more challenging task. You’ll need to estimate your expenses over the next 12 months, including rent, wages, supplies, materials, advertising, utilities, and many others.
What is one of the key purposes of a budget?
to manage income and expenses and ensure they align with our business goals !
Which of the following would be consider a fixed expense?
rent
What are the different types of expenses?
all of the above
How is Net Income (profit/loss) calculated?
add all expenses together
subtract total expenses from total income
When estimating expenses for your budget, you can use: (choose the best answer)
all of the above
What is the Profit & Loss Statement used for? (choose the best answer)
all of the above
The Variance Report compares the difference between each expense account.
False
Which of the following would be consider income?
rent
child care fees
maintenance
Having a budget helps you determine where to cut costs if needed.
True
A budget is always developed independent of the business planning process.
False
Small expenses do not need to be tracked.
True
False
Bully
Children w/ disabilites/special needs may be a5t higher risk for being bullied
Bullying Peaks at 11-12 year age range
1/4 are bullied
43% KIDS SURVEYED FEAR BULLYING IN THE SCHOOL BATHROOM
1/5 admit to being a bully or "Doing some bullying"
Consequences
Stresses of being bullied can interfere with school productivity
Kids who are bullied are more likely experience depression
Bullying creates a climate of fear/disrepesct in schools diminishing the learning environment
Bullies are more likely to engage in other serioujs antisocial behaviors such as fights, vandalism, or stealing, drinking, nd dropping out of school
Adult Responce
70% of teachers believe that teachers intervene "almost always" in bullying in situations. only 25% of students agree
2002, a kid on a playground bullied a kid every 7 mins. During the time adult intervention is 7% peer intervention is 11% and no intervention is 85%
Most reports agree that adults dramatically under4estimate the amount of bullying that really goes on.
Types of bullies
1. Confident- Stereotypical bully who acts like he owns the place, no empathy, strong, and mean
2. Social- Spread rumors, gossips, verbally taunt others, socially shuns kids seen as inferior
3. fully armored- cool, unemotional, charming and deceptive to adults, vicious and vindictive to targets
4. Hyperactive- struggles with grades, poor social skills, "He made me do it" excuses
5. Bullied bully- Target and a bully bullies to have a relief from feelings of being powerless
6. Bunch of bullies- "nice kids" that know what they'r4e doing is wrong but dont bully on their own
7. Gang of bullies- strategic alliance to gain power lack of empathy, and remorse, very scary group
Characteristics of bullies
1. Dominate others
2. Get what they want
3. Sense of entitlement, like they deserve everything they want
4. Powerful feelings of dislike towards those who are different from them
5. Don't accept responsibility for their actions
6. Little empathy of others
7. Tend to hurt other kids when adults not around
Excuses bullies give (and get away with):
Target
1. New kid
2. youngest in school/class
3. Submissive, anxious kids with low self-confidence
4. A kid with odd or annoying behaviors
5 Kid who shows emotion easily
6 Kid who look and acts physically different from most
7. Braces or glasses
Why “targets” don’t tell anyone:
Warning signs of a child being bullied:
The Bystander
Types:
Why they don’t get involved:
Bystander Excuses
There are three basic family structures: Authoritarian, Permissive, and Authoritative.
Authoritarian and permissive families help create bullies, targets, and bystanders who do nothing. Authoritative families help create bystanders that are likely to stop a bullying situation in progress. They also create kids less likely to become targets or bullies themselves. A brief look at family structures will help you understand why.
Authoritarian
Permissive
Authoritative
Bullying is a conscious deliberate act of aggression against someone who is weaker.
Bullying always includes the following three elements (markers):
When bullying goes on unchecked, add a fourth element:
Imbalance of power
A bully always has more power than its target in some way. The following is a list of some advantages a bully uses:
Intent to harm
Threat of further aggression
Terror
Physical bullying
Verbal bullying
Social/relational bullying
Cyber bullying
"Socially Acceptable" Bullying
There are forces in our society that make it possible for bullying to thrive. When someone thinks of a small kid being bullied, they might feel sympathetic. But if it comes in other forms, a person can easily turn a blind eye.
Not everyone may think of the following examples as bullying. Keep in mind that bullying is a mismatch of power, with the more powerful person intentionally harming the less powerful person in some way.
Racism
Hazing
Social “Cliques”
The Bullying Incident
The “bullying incident” is more complex than it may appear at first. Understanding the process is important for making effective interventions. Let’s take a look at the sequence one stage at a time. There are 4 stages.
Stage One: Identify
The bully does several things to see if he or she can pull off bullying someone.
Stage Two: Test
Once they find a target, they do two important things. This will determine whether or not the bullying can continue at that time.
Stage Three: Proceed
This is when the bully has the “green light” and can really show their power. The bully and bystanders stop seeing the target as a person by now.
Stage Four: Close
Finally, the incident is over. This ends for one of the following reasons:
Most likely, it is because the bully decided it was over. Also, adults most likely don’t know that anything ever happened.
There are 7 Intervention Basics that will help you make your daycare a “bully free” zone. It is not enough to do just one or two of them. The problem of bullying is a system of many parts working together. A quality prevention/intervention solution must involve all of these parts.
1. Provide a Safe Social Environment
2. Assess bullying in your child care facility.
3. Enlist staff and parent support
4. Get a coordinating team together.
5. Train staff and increase adult supervision in bullying “hot spots”.
6. Establish rules related to bullying and spend “class” time on bullying prevention.
7. Intervene consistently and over time.