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When Mission Matters, Money Matters: Is it Time for a Mindset Reset on Business Models?

by Karen Foster-Jorgensen
March/April 2022
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Article Link: http://exchangepress.com/article/when-mission-matters-money-matters-is-it-time-for-a-mindset-reset-on-business-models/5026408/

*Supporting graphics can be found in the pdf version of this article.

 

Finances in the early childhood business can melt down as quickly as a tired, hungry toddler! And this is not a happy sight! With nurturing, experience, and wisdom, we successfully guide children to a happier place—to regain their sense of self and reset tender systems to thrive. Successful strategies nurture and guide children, and professionals in our field do this extremely well.

Just as successfully, we can keep our business models thriving—before the meltdown—and build a financial foundation of strong support for our vital missions of early care and education. 

Yet many highly-skilled early childhood leaders relate that they feel much less competent and confident in developing and implementing strategies to successfully guide their business and financial foundations of their missions. Let’s explore ways for early childhood directors to create and manage successful business models for their organizations.

What Is a Business Model and Why Does It Matter?

The concept of a business model emerged with the arrival of the computer spreadsheet, where suddenly we could try out business variables to gauge their impact before implementing them. We can test raising wages, we can test increasing tuition various amounts, or consider what our ...

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