Ep 30: Tuition, Contracts, Payment Plans, Discounts and Ideas for Your Micro-school, Homeschooling Business or Preschool! Creating a Strong Financial Foundation!

2021-12-14

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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 p...

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

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