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Profit
Per Student:
Last month we asked readers how much profit one additional student would bring and many said they "didn't know." This is a very important figure to understand to operate your program. One common mistake is to divide the profit of your program by the number of students. This will give you a low figure because it incorrectly includes fixed costs.
The best way to figure your profit per student is to imagine your program at a break-even point. After that, every additional student has a small amount of variable cost, such as administrative work. You should get a number that's 85%-95% of tuition.
John Hayden, President, English, baby!
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Congratulations
to Susan Gonzo and her team at the Intensive English
Institute at the University of Illinois, Urbana-Champaign!
They've successfully launched an
Alumni
Network.
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Click
here to learn more about the English, baby! Alumni Network
and see all the programs using it!
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If
you have suggestions or comments regarding the Industry Exchange
please click here
to share your feedback. We value your suggestions and will
consider your ideas for future Industry Exchange topics. |
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