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Childcare Worker Co-op Program Presented by Sarah Pike, WomenVenture

WomenVenture's program helps women create and grow sustainable and profitable childcare businesses. Learn about our approach, results, and next steps.

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Childcare Worker Co-op Program Presented by Sarah Pike, WomenVenture

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  1. Childcare Worker Co-op ProgramPresented by Sarah Pike, WomenVenture Helping women create and grow sustainable and profitable businesses for nearly four decdes.

  2. Quick Agenda • Who is WomenVenture • A convergence of issues • Our approach and resulting program • What we learned and next steps

  3. Who is WomenVenture Mission To help women attain economic self-sufficiency through the creation and growth of profitable and sustainable businesses. In FY18, ending June 30 • Served 1066 clients • 95% female • 43% People of Color • 58% low income

  4. Services Four pillars of women’s economic development Our Services TrainingEIS,Getting Ready, Small Business Essentials, ScaleUp Access to capitalMicro lender Business ConsultingFree assistance for loan clients Community of SupportInformal and formal This is the foundation for all our work

  5. Convergence of Issues • Our solo entrepreneur students weren’t converting to ownership • Low wages in child care (average wage is $10.51 with a range of $6.51-$14.58) • Number one hurdle for directors is finding and keeping qualified teachers • More family providers are leaving than starting • Need for a clear pathway of business training and support for childcare start-ups

  6. Our Approach We can use the co-op model to pool necessary financial resources for start-up capital; and address low wage by shrinking the differential between the highest and lowest paid in a childcare.

  7. Every classroom (infant, toddlers and/or preschool) needs to have a qualified lead teacher. • Qualifications very: • HS diploma with 4,160 hours as assistant teacher • BA from an accredited college with 1040 hours as an assistant teacher

  8. 18x1 + 18x3 + 10x2 = $92 in hourly salary expense 30x1 + 14x3 + 10x2 = $92 in hourly salary expense

  9. Childcare Co-op Business Training Building off of our existing entrepreneur training programs • Getting Ready for co-op ownership • Focus on understanding the co-op model • Defining your vision for the co-op childcare business • Trust building • Business Planning • Market research • Defining governance and management structure and process, as a co-op • Licensing • Financials/budgeting • Professional Development

  10. Incubation • Pre launch • 6-9 months, more self-directed • Four areas of content focus • Business Establishment • Licensing • Operations • Professional Development • Three touchpoints per month • Peer circles • Meeting with our staff/program manager • Meeting with childcare business mentor • As needed labs • As needed labs • Developed during training program

  11. First Cohort • High touch recruitment process • Training program ran from January through May, 2018 • Met (almost) every Saturday or 3 hours • 23 participants, 7 co-op groups • Varying degrees of childcare experience (informal to formal) • We are currently in the incubation phase with 3 co-op groups • High level of work to be done that we thought would be accomplished during the training

  12. The First CohortGraduated on May 19, 2018!

  13. What We Learned • We moved too fast, no time to process • misunderstanding of the founding members vs. new members, but that all are equal ‘members’ • Need a better understanding of clients childcare experience, as defined by licensing, prior to training • Want to create a stronger cohort, not just strong co-ops

  14. Continual Improvement • Launch next class in January 2019 • Incorporate the training and incubation into an 8+ month • Increase number of subject matter experts and co-op examples to add more depth • More deliberate integration of licensing • Will incorporate case study

  15. Thank you! Sarah Pike spike@womenventure.org 612-224-9572

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