I know how tough it is to run a beauty school.
You work endless days, nights, and weekends. There are endless challenges with staff, students, facilities, and on and on.
Then there is the disappointment and aggravation caused by too many “drops”.
Each drop is thousands of dollars you could have used to pay bills and give yourself a much-deserved pay raise.
The fact is, the biggest source of “lost profits” in your school business are “drops”.
Improving this one area can dramatically increase your revenues and profits.
Career colleges call me when they have issues with drops and enrollments because I am a Certified Educator in Personal Finance.
I have worked closely with the Charles Schwab Foundation and hosted a nationally syndicated radio show teaching people how to manage their money, stay in school, and get out of debt.
The #1 reason students drop out is because they mismanage their money during school. I so often hear about students who spend money on tattoos, shoes, and partying, and then can’t afford their gas to come to school.
This CAN be changed – DollarCamp does it.
Students who “drop” are 4x TIMES more likely to default on their loans.
So ensuring students stay in school is also good for your default rate.