You have likely heard the phrase "cost per child." But, do you actually know what it is and why it is important?
- Inspired by Louis Stoney's "Iron Triangle of Child Care Finances," we break down exactly how to calculate your cost per child.
- Then, we explain why the cost per child is important, and how it influences your budget planning and financial projections to ensure you have a profitable ECE program.
- We lay out the three things you need to calculate your cost per child. Then, there are 4 clear steps on what to do with the calculated cost per child in order to make accurate budget plans to run a successful, profitable ECE program.
