Ouch. I’m not being mean or critical folks, it’s just numbers. And don’t worry, I’m not here to point fingers, I’m here with clear solutions.
But first, let’s do some math, just so you know where that number comes from!
I probably don’t have to tell you how much money you’re missing out on right now because of COVID-19.
You FEEL it!
But the following scenario will help put things in perspective. Follow along with me…
Let’s say you’re charging $850 per month in tuition for a 3 year old. And you’ve got a total of just 10 spots OPEN in your preschool.
Take $850 and multiply it by 10 (children), which is $8500, then multiply that by 12 months.
$850/month x 10 open spots x 12 months = $102,000.
Yes, you’re MISSING OUT on $102,000 – the large majority of which would go RIGHT TO YOUR BOTTOM LINE.
Your 10-child gap, which doesn’t seem all that much, is truly costing you $102,000.00 per year in revenue.
You are likely missing out on 5 to 10 times that amount or more since COVID interrupted life as we know it.
In normal circumstances, what could you do with those funds? New playground? Outdoor classroom? Teacher raises or bonuses? A trip to Italy for you and your family?
In mid and post COVID-19 circumstances, ENROLLMENT REVENUE could be the difference between shutting down OR surviving this downturn.
Dream about what you would do, then let’s GO GET THAT MONEY!