We have only two things to say on this:
- It isn't us, and
- The phone has been ringing off the hook since yesterday
Tuesday, January 12, 2010
It's not us
Regular readers (all three of you) will be aware that we are gainfully employed in the Early Childhood Education sector. Readers may also be aware that a large Home-based ECE service has gone belly-up.
We have only two things to say on this:
We have only two things to say on this:
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4 comments:
At least that will be one less NGO (if that's what they are) and its attendant retinue of pseudo-bureaucrats sponging subsidies off my taxes.
Pleased to hear that KS.
When I read the article there was enough information in it for me to deduce that it wasn't you.
I would have thought that it would have been a very difficult thing to go bust given the present amount of government support available for the sector - that is was a licence to print money. I did notice that it did refer to the business being one of the fastest growing in 2009. I wonder if overreaching did for them?
The MoE funding methodology makes growth something of an enemy Michael. The sector is bulk-funded three times a year - forward funded on retrospective figures. If we were to enrol a child on 1 February, we would effectively receive no funding for that child until 1 July. Rapid growth requires a strong line of credit!
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