by JenniferWednesday, January 7th, 2009
Every blue moon (or maybe a little more often), I have a conversation with a school owner that I find important enough to share with other school owners….be it for learning styles/techniques, school tips, money savers, etc…
Today, I had one of those conversations with one of our pick up customers from San Jose, CA. Three years ago he bought an established school from his instructor and has since increased the student base from approximately 75 students to approx. 125 students (with a fluctuation of 110 – 150 students at anytime). For his school to maintain fiscally, he needs a minimum of 85 students (anything over that is “gravy”).
Before he bought the school, they did not do contracts, and he continued the same policy. A few years ago, it became practically standard to make students have contracts, and the few schools that chose not to follow this were considered “small time.” But in today’s economic atmosphere, maybe it makes sense not to “pressure” students into long-term agreements, or to offer them a no contract option. (more…)