2024 ECE Forecast: Navigating Money Leaks & Investment Gaps
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When my husband Mayer and I moved to Florida, we had a pool for the first time ever. But as New Yorkers, we had no idea how to take care of it. So when we were told we didn’t have to do much to maintain it, we took those words at face value.
Over time, different parts of the pool started to break down, and we had no choice but to call a maintenance company to evaluate the situation.
When they finally came to take a look, we were shocked at what they told us: We had to drain and reline the entire pool.
A costly mistake.
The thing is, it didn’t have to be that way. Had we kept up with the proper maintenance all along, we wouldn’t have had to pay for such a costly repair.
We only had ourselves to blame.
Sound familiar?
Maintenance neglect is a common and costly problem for early childcare centers—something you really cannot afford in today’s economic climate.
It’s crucial you find ways to address money leaks and close investment gaps so your center can thrive regardless of the state of the economy.
This week’s podcast episode is the final of a four-part series that breaks down the 2024 forecast for early childhood education. To close out our discussion, I’m talking about how you can navigate finances as you move into 2024 and beyond.
Join me for a conversation about:
- Why owners are finding themselves in a financial crisis
- The two major areas you need to address to increase your profit margins
- How to avoid scarcity-based decision-making
- How to make charitable giving a core part of your financial strategy
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Resources and links mentioned in this episode:
If you enjoy this episode and are looking for a space to continue exploring the next era of school leadership, consider applying for our Owner’s HQ and Director’s Inner Circle membership programs. As a member, you’ll gain access to tools, resources, coaching, and community that will help you as you work toward building a school of excellence.
Or, help your leadership team prepare for today’s modern challenges with a Leadership Day Intensive. You’ll get a full day of on-demand, in-school training with me, plus various accountability check-ins, to help you and your team work through obstacles and build a stronger, healthier center.
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Click Here to Listen on Non-Apple Devices
More about the show:
If you are an Early Childhood director or owner, prepare to transform your school and life with the Schools of Excellence podcast. Tune in each week to learn from Chanie Wilschanski, the founder and host of the Schools of Excellence Podcast and a mom of 4 little kids. Each episode will be packed with tools and strategies – equipping you to build schools with higher staff retention, teacher motivation, parent partnership, collaborative culture, and beautiful quality of life.
Every week, Chanie shares the truth about the journey to excellence, the strategies that are working TODAY, and the mindset about the critical decisions and choices that you make every day which impact yourself, your teachers, parents, family, and children who you serve every day.
In addition to weekly solo episodes, she’ll also be inviting industry leaders and the changing makers of the landscape of education to give listeners the inside knowledge of what it takes to sustain excellence.
Don’t miss an episode, subscribe today for everything you need for your leadership journey!
