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The Iron Triangle of ECE Finance
September 13, 2019
Any time you sincerely want to make a change, the first thing you must do is to raise your standards.
-Anthony Robbins

In the book, Art of Leadership: Managing Money, Louise Stoney and Libbie Poppick describe what they call the 'iron triangle of ece finance':

  1. “Full enrollment
  2. Full fee collection, and
  3. Revenues cover per-child cost.”

They go on to say: “Indeed full-fee collection and revenue that covers per-child cost form the base of that triangle….All too often an early childhood program will have a budget that balances on paper, but the cash just doesn’t come in the door. Successful ECE administrators stay on top of collections; they have clear payment polices, are firm and consistent with families, thorough and prompt with billing, and on top of the paperwork required by third-party funders.”

The Art of Leadership
Managing Money
in Early Childhood Organizations

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Administrators of early childhood programs must be as effective at managing financial matters as they are at caring for young children and their families. Managing Money in Early Childhood Organizations provides you with practical advice from top experts on every aspect of money management, including budgeting, fundraising, financial reporting, cash flow analysis, audits, salary schedules, fee policies, collection techniques, and more.

Use code MANAGING at checkout.

Offer valid through September 14, 2019 at 11:59 pm Pacific Time.
May not be combined with any other offer.


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