Hey, teacher friend!
One of the most frequent questions I get asked from teachers, regarding the start of their business is, "How do I collect tuition for my micro-school, homeschool or homeschooling business? Should I ask for full payments upfront, or do I request payments by the month or semester? What should be in my contract? " Well, let's get into some nitty gritty today!
Not only do we have to consider HOW we will collect payments, we need to FIRST identify HOW we will communicate our policy for collecting tuition and ways to set our business up for financial security. In addition, many teachers ask about payment plans, discount packages, incentives for paying in full, deposits, and ways to secure financial assets. These are all so imperative!
This is where contracts come in! Yes, today we discuss how contracts can help us communicate effectively and the policies needed for financial security. I also share my experience with collecting tuition payments, options for securing deposits and how to set your business up for success when it comes to all the moving money pieces! This episode supports STEP 4 in "8 Steps to Building Your Micro-school or Homeschooling Business" teachersletyourlightshine.com/roadmap
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Let Your Light Shine,
Makenzie Oliver
Download your FREE GUIDE "8 Steps to Building Your Micro-school or Homeschooling Business" teachersletyourlightshine.com/roadmap
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281: Balancing Motherhood and Building a Microschool: A Journey of Summer Resilience and Success
280: Summer Strategy: Avoiding Burnout and Hire the Help You Need Even If You Don't Think You Can Afford It! My Greatest Lessons Learned and Easiest Ways to Get Started!
279: Managing Day to Day Activities and Parent Engagement: 5 Tips and Practical Strategies To Build Positive Relationships to Support Your Microschool for Student Success!
278: Mastering Time Abundance: Transforming Teacher Time Poverty in Your Microschool for Sustainable Growth !
277: Top Tips for A Positive Marketing Mindset in Your Microschool! Attracting More Students by Creating Effective Marketing Plans and Strategies
276: No More Overwhelm! From Chaos to Clarity: Practical Steps To Start And Grow Your Microschool Successfully
Ep 275: Conquering Fear and Uncertainty as Microschool Entrepreneurs! Practical Strategies to Crush Self Doubt to Unlock Your Potential and Dreams!
274: Unveiling the Truth About My Struggle, Painful Hardships and Triumphs as Teacher Entrepreneur: My Terrifying Personal and Professional Season of Building and Growing a Microschool!
273: Funding Your Vision! A List of Resources to Leverage Your Microschool! Exploring Creative Funding Sources, Grants and Partnership to Finance Your Educational Venture!
272: Mastering Your Marketing to Grow Your Student Enrollment! Your Guide to Crafting a Powerful, Confident Brand with Simple Basic Strategies to Get Started and Growing!
271: You're a Microschool Mastermind! Doors are Open To Help You Grow Your Microschool and Teacher Dream! The Journey of Education Revolution is Here!
270: From Financial Fear and Fog to Financial Freedom and Knowledge! Teachers and Microschool Owners Guides to Start with Budgets, Breakdowns and Strategic Planning!
269: From Classroom Teacher to CEO of Your Own Microschool! Transitioning Through Stages of Entrepreneurship and Navigating Educational Leadership
268: Creating Calm In Chaos: Systems of Operations for a Smoother Running School and Easier Teaching Life! Implementing Efficient Systems and Processes to Streamline Admin Tasks and Reduce Stress!
267: What To Do When You Need Help, Community and Strategies to Grow? How Can Coaching and Microschool Masterminds Help? Which One Should I Choose?
266: Recruiting, Building a Nurturing and Effective Teaching Team in Your Microschool or Hybrid Program
265: Your Guide for Planning a Successful School Open House! 5 Action Steps to Begin Advertising and Increasing Student Enrollment for Your Microschool or Homeschool Hybrid!
264: The Core 4 of Student Enrollment! Begin to Master Your Marketing of Micro Schools and Homeschool Hybrid Programs!
263: Strategies to Reclaim Your Time and Prioritize! Mastering Time Management for Teacher Entrepreneurs and Micro School Startups
262: Microschool Masterminds! Transforming Dream Schools into Profitable Reality with Effective Time Management, Financial Planning and Marketing Made Well!
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