solved ScenarioYou have been the director or owner of your early

ScenarioYou have been the director or owner of your early childhood program for 10 years. In your community, your program has earned a solid reputation, although you are aware that your program could use some sprucing up, both inside and outside. However, at this point, you do not have the finances to make such changes. Your teachers have all been employed at your program for over 5 years. While you offer periodic raises, you are limited by your budget. Your teachers seem to understand, and you try to reward them with positive feedback.A large corporate childcare employer has just completed the construction of a state-of-the-art childcare center on its business site, which is scheduled to open next month. You learned that the corporation would cover the rent, utilities, grounds keeping, maintenance, and even food costs, as the meals are catered by the corporation’s cafeteria. The new center will be able to pay teachers a higher salary since most other costs will be paid by the corporation. Parents will pay about the same in tuition, but for those who work at that location, their convenience will be greatly increased.You are worried your teachers and parents will leave your program to work or attend the new site. What will you do? How will you promote your program in a positive light without downgrading the new center?InstructionsWrite a 2-3 page budget plan that describes your challenge and details ways your program can compete with this new program. Think outside the box.Include the following:1 -Problem.Restate the problem as if you were describing this to a community stakeholder.What are your programs needs or concerns?2 – Employee Benefits.What can you offer that they cannot?Detail at least two (2) employee benefits.Consider areas such as staff scheduling, family partnerships you may have formed, curriculum, insurance, and your status in the community.3 – Family Benefits.How will you strengthen your program’s relationships with the families you serve?What are the benefits for parents in your program?How can you make up for the inconvenience?What more do you need to do for parents?Detail at least two (2) family benefits of your program.4 – Budget Considerations.How can you work your budget to support this plan?What might you need to do to make it work?Detail at least three (3) budgetary needs or options including the positives and negatives to each option and any barriers that need to be overcome.5 – Decision.Make a decision of what you plan to do first regarding your problem and briefly explain your rationale using your plan as your support.References.Include two (2) references to support your work.Use a minimum of two (2) in-text citations.References should be in APA format.please ensure to follow all requirements of the question