216. The 4 Profit Blindspots: Why Good Schools Struggle Financially

We know there’s a lot of hesitancy around financial conversations, but let’s overcome that discomfort to acknowledge this truth: enrollment and finances are two sides of the same coin. When we’re content with “fine but could be better” enrollment numbers, we are leaving money on the table. Let's say you have two open spots in your Pre-K classroom. It doesn't sound like a lot, but if we do the math, those two spots add up to $2,500 in loss revenue every single month. That's $30,000 a year you could be making. We call this a profit blind spot. In this episode, you’ll learn about the four profit blind spots that could be costing you thousands of dollars each month in revenue:The comfort zone trapInvisible money leaksThe role of educators in showcasing valueThe pitfalls of reactive schedulingYou CAN turn these blind spots into opportunities.Master the three-tier Profit Pipeline™ that converts leads faster. Join us for the Daily Profit Plan Workshop, Wednesday, Feb. 5th at 2 PM EST. https://schoolsofexcellence.com/enrollment/Learn more and apply for the Director’s Inner Circle & Owner’s HQ: https://schoolsofexcellence.com/membership/ Mentioned in this episode:Enrollment EngineIf you're looking for how to actually manage your leads, do parent follow-up, create a parent referral system, and turn all of your staff into enrollment champions, check out our Enrollment Engine! YOUR PATH TO 25% GROWTH STARTS TODAY! Enrollment Engine