Continuing our series on the business of The Montessori School (TMS), two other stability markers relate to income stream and human resource management. Please reach out to Susan Atkinson if you have any questions or suggestions. We love hearing from you!
Stability Marker Number 4: Hard-Income Driven
An important stability indicator for any private school is the percent of income that is driven by billable services (hard income). Grants, fundraising, and donor income can be helpful but relying on it for day-to-day operations is risky business. For this reason, though we count on the support of donations and fundraising for special projects, our budgets are driven by hard income; tuition and fees. This ensures steady cash-flow to support operations. Because of this, we don’t have to worry about unexpected dips in income that sometimes cause other schools and non-profit organizations to falter.
Additionally, we work hard to control costs. This allows us to keep tuition and fees as low as possible. We pay close attention to the internal and external forces that can impact enrollment; adjusting capacity from time-to-time to maintain the highest level of efficiency possible.
Stability Marker Number 5: Stable, Highly Qualified Teachers and Staff
Attracting and retaining top talent is a challenge faced by every organization, but worth every effort. The single biggest factor that distinguishes our school from others is the quality and commitment of our people. The Montessori philosophy unites us in ways that are truly unique. EVERYONE who works here shares an interest in and commitment to the development of children’s psychological, physical, and social development; irrespective of our role within the organization.
This, we believe, is our greatest competitive advantage. We hire thoughtfully. We develop from within. We work to retain the finest. Emma, Kim, Jocelyn, Jenny, Lauren, and Anne K. all started at TMS as classroom assistants and were eventually trained to be Lead Guides.
We are committed to making TMS not only a great place for children and families, but also a GREAT PLACE TO WORK!
As always, we welcome your feedback and suggestions. Please feel free to reach out to me anytime.