The shortage of child care, particularly in Nebraska’s rural areas and under-resourced communities, is well documented. But what is less well known is that the problem is exacerbated by scale. Child care settings that enroll 12 or fewer children, licensed as Family...
Given the high prices parents pay for child care, it is often assumed that child care programs must be very profitable. However, this is almost never the case. In fact, just to break even, a program must operate consistently within the constraints of what child care...
Early childhood care and education providers sometimes struggle financially, often due to challenges beyond their control. Louise Stoney and Libbie Poppick have developed The Iron Triangle which is comprised of three key metrics that can help providers make sound financial decisions for their businesses.
Providing high-quality environments that close the achievement gap for young children can be costly, and as early childhood education (ECE) providers seek to meet quality standards in Step Up to Quality it's important that their businesses possess a sound financial strategy. Here's a look at the Iron Triangle which focuses on three key metrics that make ECE programs financially viable.