💰Identifying the financial crisis and the impact it could have on the preschool's finances.
📊Analyzing the profit and loss statements of the preschool to demonstrate the need for financial assistance.
📋Creating a detailed proposal with different solutions to address the financial crisis.
💸Negotiating with the preschool board to secure raises for the teachers and reduce expenses.
😊Receiving appreciation from the teachers and the preschool board for efforts in managing the financial crisis.
How did you identify the financial crisis?
—I received word that the preschool had to pay an additional $14,000, which was a significant percentage of their net income.
What steps did you take to address the financial crisis?
—I analyzed the profit and loss statements of the preschool for the past nine years and created a proposal with different solutions to reduce expenses.
How did you secure raises for the teachers?
—After presenting my findings and proposal to the preschool board, we were able to negotiate and provide the teachers with a 20% raise.
Were there any challenges in managing the financial crisis?
—Initially, the preschool board was hesitant to provide financial assistance due to the preschool's healthy savings account. However, through discussions and presenting the long-term impact, we reached a mutual agreement.
What was the outcome of addressing the financial crisis?
—The outcome was heartwarming and positive. The teachers received raises, and both the teachers and the preschool board expressed their appreciation for my efforts.
00:00Introduction
01:19Learning about the financial crisis and its impact on the preschool's finances
02:29Analyzing the profit and loss statements of the preschool
04:39Creating a detailed proposal to address the financial crisis
06:35Presenting the proposal to the preschool board and negotiating for raises and reduced expenses
08:53Positive outcome and appreciation from the teachers and the preschool board
