Training Institution Money Making Guide

Every profitable educational institution on the market is using refined data management to guide their work.

For most small and medium-sized enterprise owners, they are not clear about what "refined data management" means.

1、 Many business owners in the education industry lack risk management awareness.

Many principals still simply believe that by doing a good job in teaching and service, they can make money; Having a passion for education will definitely enable one to run an institution well; Believing that others can make money, and with the passage of time, one must also be able to make money;

Little do you know, it is these views that constantly pull you into the abyss of continuous additional investment and operation.

And all additional investments will be converted into sunk costs.

2、 Regardless of the type of institution, it is always important to be vigilant about timely stop loss and sunk costs.

For most institutions, the persistent belief is that as long as they are willing to take the time to try and make mistakes, one day their operations can get on track. As time goes by, the hole becomes bigger and the exit cost becomes higher.

Essentially, the education industry is a business. Like buying stocks, speculating in real estate, and opening a restaurant, it is all an investment. The main premise of this investment is based on teaching, and doing a good job in teaching is one's duty, while doing a good job in business depends on one's ability.

If it's a business, timely stop loss is the bottom line.

The legitimate military practice of truly respecting the market, respecting users, and following the bottom line is difficult to fly into ordinary people's homes.

3、 It's never just about being willing to do it and spending time to complete the conversion.

In layman's terms, Yeluko is more like fighting an unprepared encounter battle. Suddenly encountering a large number of enemies during the march, and quickly making response strategies and implementing them, continuing the march.

Next, encountering a bunch of enemies, making strategies, implementing, advancing... and so on in a cycle.

And the regular army is always considering how to carry out precise strikes on the enemy through accurate data calculation? How to use some tactics to lure the enemy into our ambush circle? How long should the attack last and how to switch positions

The data standards and tactics switching of the series are only for the purpose of obtaining maximum benefits in the shortest time, with minimal damage.

So, they never focus on the specific practices of market, sales, teaching, and service. What they are concerned about is what data control measures must be taken for institutions to make profits? To ensure the completion of these data, which nodes in the process need to be controlled well?

Finally, based on the feedback data from each implementation, guide personnel in various positions to optimize practical practices.

4、 Doing well in enrollment, sales, teaching, and service may not necessarily lead to profitability

You opened an institution not just for existence, right? You still want a steady stream of profits.

Enrollment and sales solve the problem of turnover; Teaching and service solve the problem of classroom consumption; I did these four things well but did not see any profit.

The profit of educational institutions comes from cost control! The biggest difference between this industry and other industries is that in addition to cost control, it also needs to do a good job in enrollment and course consumption.

All of this indicates that there is a standardized operating model for institutional operations. And this set of operating modes is always inseparable from a formula, which is also a rule that all regular troops always adhere to:

Flow is greater than carry over, carry over - cost=profit, profit is a positive number.

Once it is not established, it can be quickly reflected to the operation end, traced back to the practical end, and then provided with optimization solutions by the practical end before being put into practice.

I believe that as long as you reflect carefully, you can establish your own management thinking in your mind.

5、 Must have the ability to manage expectations, manage risks, and integrate knowledge with action.

Maintaining a long-term sense of crisis and paying long-term attention to costs is not only a management of self expectations, but also a responsibility to all investors, parents, and employees.

In fact, the underlying business logic of the education industry has always been a compulsory course for those who invest in the education industry, and currently most people's compulsory courses are not here, but in "how to do well in enrollment and sales"

This underlying business logic is actually presented based on refined data management.

6、 The data from any institution is not worth referencing!

Of course, habitually referring to other institutions' commission points, payment methods for lesson fees, salary assessment systems, etc., is the most efficient way for some business owners in the education industry to solve problems.

Little do they know, the data of each institution is different.

After all, business scope, operational experience, fixed costs, profit requirements, and so on are all different. Not to mention, the system of the institution you are referring to is actually borrowed from somewhere else.

The most essential content, using the simplest processing plan; Then put a lot of energy into enrollment, sales, teaching, and service. I was speechless.