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Building Financial Confidence for School Business Managers
Building confidence in your financial skills is essential for navigating the complexities of school management, allowing you to make informed decisions and safeguard your school’s resources CREDIT: This is an edited version of an article that originally appeared on Charter Capital As a school business manager, effective financial management serves as the helm of your school’s operations, guiding you through challenges and ensuring resources are used wisely. But financial management isn’t a skill you develop once and forget about – it requires ongoing attention and development. By continually refining your financial expertise, you stay prepared for the ever-evolving landscape of school finances. This article highlights three key areas where leaders should focus on building financial confidence. By strengthening these areas, you can enhance your financial confidence, make proactive decisions and steer your organisations toward long-term success. Forecasting Many school business managers may initially rely on rough estimates or intuitive projections when forecasting budgets, especially when the school’s financial activities are still in change or flux. While this approach can work keep reading
