Centre Economics is an approach to understanding and measuring your centre’s financial viability. With this approach, you’ll be able to understand where to invest and what levers to pull to optimise enrolment and profitability. Understanding your centre’s economics helps you optimise your current operations while expanding and growing your organisation. To help you get started, we created The Beginner’s Guide to Centre Economics filled with best practices, strategies, data, and more to help boost profitability and lead your centre to success. To get the guide for free, download the form at the bottom of this page.
What’s in the Guide?
The Beginner’s Guide to Centre Economics covers everything you need to start growing your business. Gain insight into industry data, discover new profitability levers, and measure your performance with key success metrics.
Understanding industry trends helps you understand what competitors and other centres in the industry are doing to be successful. In this guide, we outline current industry trends, challenges, and strategies.
Data and Benchmarking
Benchmarking means comparing your centre’s business processes and performance metrics to other centres in the sector. In our free guide, you’ll see the recommended percentages your costs should be compared to your revenue. We also outline the most important questions to ask yourself when operating your business along with profitability levers to boost revenue.
There are a number of ways to increase revenue at your centre that you might not have thought of. Adding different programs, offering expanded hours, and reducing discounts are just a few of the ways we’ve seen centres boost profitability.
Key Success Metrics
Key success metrics are how you monitor your centre’s growth and performance. By measuring revenue, fees, staffing costs, and more, you’ll get a clearer picture of what’s working and what’s not at any given point.
Download your copy of The Beginner’s Guide to Centre Economics
Fill out the form below and you’ll receive the guide in an email.