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ERIC Number: EJ864767
Record Type: Journal
Publication Date: 2009
Pages: 4
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0164-8527
Shared Services: A Powerful Strategy to Support Sustainability of ECE Businesses
Stoney, Louise
Exchange: The Early Childhood Leaders' Magazine Since 1978, n189 p68-71 Sep-Oct 2009
As Co-Founder of the Alliance for Early Childhood Finance, it is the author's job to think about how they pay for early care and education (ECE) services in the United States. Generating the operating revenue needed to establish and sustain a high-quality ECE program has never been easy--and in a recession economy it is becoming even more difficult. To be sustainable, ECE managers must tap and blend many funding streams, deal with multiple public and private agencies, and effectively market their services to families. To keep the dollars flowing they must not only comply with a dizzying array of funding requirements, but also ensure that their program meets an increasingly complex set of quality standards. Add in all of the daily demands--staff who need supervision, a child who needs developmental screening or special health care or just won't stop biting, an anxious new parent, a clogged toilet, an ill cook--and who has the time or energy to deal with high finance? In short, running a successful ECE business can be a herculean job. The author has profound respect for directors who are able to effectively juggle these competing demands, but she also worries that their field is losing leaders who are deeply skilled in child development simply because they are tired of struggling with the business side of the equation. These worries led her to a new quest. If she couldn't make ECE finance simple, was there a way to help ECE businesses more easily manage the complexity? Was there a way to approach finance that not only generated additional dollars, but also helped ECE businesses succeed? In this article, the author discusses a strategy she has come to call "shared services."
Exchange Press, Inc. P.O. Box 3249, Redmond, WA 98073-3249. Tel: 800-221-2864; Fax: 425-867-5217; e-mail: info@ChildCareExchange.com; Web site: http://www.childcareexchange.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Early Childhood Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A