109. 2023 ECE Forecast: Experts Share Predictions and Trends Part 1

As a leader, it’s your job to see the forest through the trees. While your staff are involved in the details of the day-to-day, you’re the one that keeps an eye on how everything fits into the bigger picture. And that means you’ve likely noticed some things: You’ve had to raise your tuition rates. Your occupancy has fallen due to staff shortages. You’ve felt pressured to increase your pay rate to try to attract quality staff. Supply costs are higher than ever. If any of this hits home for you, it’s because these trends are widespread across the ECE industry. They’re not in your head, and they’re happening everywhere. How do I know?    Because industry experts have confirmed that these things are really happening based on data they’ve been collecting through years of research.   Taken at face value, these trends can generate anxiety about what’s to come and what that will mean for you and your center.   But I’ve got some good news. While experts have confirmed these worrying trends, they’re also pretty optimistic about 2023 and the level of opportunities that could be available to centers who are ready to take advantage of them.   And I’m going to give you the inside scoop on everything you need to know.   This week’s podcast episode is the first in a two-part deep dive on the 2023 ECE forecast. I talk seven industry experts about their predictions surrounding operations, financials, and marketing in 2023 and what leaders like you can do to maximize your center’s opportunities.   Join us for a conversation about:   The trends that experts have been seeing in ECE data Their predictions for 2023 (Don’t worry—it’s not all doom and gloom!) What actions you should take to prepare for and capitalize on what’s to come   I’ve always said that seeking wise counsel is the trait of a good leader, and this is a perfect example of that in action. By listening to what the experts have to say, you can get prepared and start making strategic decisions for 2023 that will benefit your center.   Learn more and apply for the Director’s Inner Circle & Owner’s HQ: http://Chanie.me/jointhedic   Speaking of looking ahead to 2023, we still have space for you to join us at the 2023 Summit of Excellence, which centers on building legacy through values-based leadership. While the event is limited to members only, non-members can still secure their spot by applying to join our Owner’s Only HQ and Director’s Inner Circle membership programs. Visit: https://schoolsofexcellence.com/summit By becoming a member, you’ll not only gain access to the event, but also invaluable tools, blueprints, strategies, and support you can leverage to continue building a culture of excellence in your school.   To connect further with the guests on this episode visit: https://schoolsofexcellence.com/ep109/   More about the show: If you are an Early Childhood director or owner, prepare to transform your school and life with the Schools of Excellence podcast. Tune in each week to learn from Chanie Wilschanski, the founder and host of the Schools of Excellence Podcast and a mom of 4 little kids. Each episode will be packed with tools and strategies – equipping you to build schools with higher staff retention, teacher motivation, parent partnership, collaborative culture, and beautiful quality of life.    Every week, Chanie shares the truth about the journey to excellence, the strategies that are working TODAY, and the mindset about the critical decisions and choices that you make every day which impact yourself, your teachers, parents, family, and children who you serve every day.