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In the opening of a recent Exchange article, Karen Foster-Jorgensen reminds us, "Finances in the early childhood business can melt down as quickly as a tired, hungry toddler!" She extends the metaphor by noting the importance of a strong foundation in preventing ‘meltdowns’ in both our children and our business models.

Following the early childhood sector through the challenges of the pandemic, Foster-Jorgensen notes, "Early childhood businesses who have emerged strong reveal a sense of mission carried out through five key actions:

1. Attract well-informed proactive leaders.
2. Build and retain effective staff teams.
3. Engage communities and families to maintain full enrollment.
4. Identify and secure revenue needed to support quality care and education.
5. Implement technology for sound financial and operating information."

Foster-Jorgensen concludes, "Talk of money and business models has never been more essential as we move into uncharted territory in our industry. As our resolve to offer essential high-quality early care and education strengthens, so must our strategies keep evolving."

Join Karen Foster-Jorgensen in a live Engaging Exchange on "Mission, Mindset and Money" on October 25, with Exchange Press hosts Pam Boulton and Kirsten Haugen.

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