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We hope these six charter school sustainability tips help your team be more adaptable, strategic, data-driven, analytical, and efficient—all in support of your school’s continued success.
1. BE MINDFUL OF—AND ADAPTABLE TO—PIVOTAL MOMENTS
An active board member retires, a storm renders three classrooms unusable, a well-loved teacher leaves. It’s impossible to predict every circumstance that can disrupt a school’s operational rhythm and culture. The important thing is to acknowledge the disruption when it occurs and to have a plan to maintain operational and cultural continuity for your students no matter what.
2. UNDERSTAND THAT STRATEGIC ENROLLMENT = STABILITY
Mature-stage schools are past the point of increasing enrollment by 30 – 40% every year, and that’s great news. But remember: strategically increasing enrollment can be an effective way to ensure financial and operational stability. If you have staff and space in your facility, weigh the financial costs and benefits of recruiting a small number of students to every grade, in addition to the traditional focus on the incoming class of kindergarteners, sixth graders, or ninth graders.
3. CONTINUE TO FOCUS ON A DATA-DRIVEN CULTURE
Ensure that everyone, including students and parents, knows the goals for the academic year and can access school-wide metrics whenever they like. Keeping the goals and the metrics top of mind will help to keep everyone focused and let you know if you’re meeting key benchmarks along the way.
4. CELEBRATE YOUR SUCCESS AND VIEW FAILURES AS STRATEGIC OPPORTUNITIES
Celebrate every goal that’s achieved, award that’s won, and staff member that receives recognition. But look at the failures, too. That’s where your opportunities for improvement lie. Analyzing failures can be a great way to begin next year’s strategic plan.
5. DEVELOP THE PILLARS THAT DEFINE THE CULTURE YOU WANT TO HAVE
Look back at your charter; have you fulfilled the promises you made at the outset? Sit down with your team and think about the values at the core of who you are now and who you want to be in the future. Choose four or five pillars so students and staff can remember them, and give public recognition to any individual who goes out of their way to embody a value.
6. ASSESS ALL MANAGEMENT SYSTEMS REGULARLY
We’ve all been there—using a billing system that makes you grit your teeth or sitting through half a dozen interviews with unqualified candidates. At any school there will be frustrations on occasion, but schedule time to review and replace faulty and time-wasting systems whenever possible.
Since the company’s inception in 2006, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!Learn More