For Passion or for Money?

Haha.. someone left the following comments:

"Just a question, Do you teach Taekwondo for profit or it's the passion that drive you to teach."

The following is my answer to the great chap who asked me the above question:

This is the biggest challenge i faced running the club. Money. Can any organisation be runned without cashflow? the answer is NO. But am i teaching Taekwondo for profit? You can judge for yourself....

For one semester, 3 months, the charges are S$45.00 per student. This works out to be S$15.00 per month. Rental of premise for class is 35% of the fees collected, excluding admin and equipment costs. The remaining is shared by two instructors.

65% of S$15.oo per month = S$9.75 per month.

One month = 4 week @ 2hours each = 8 hours per month.

Profit per hour = S$9.75 / 8 = S$1.22 per hour.

Profit for one instructor = S$1.22 / 2 = S$0.61 per hour.

Now, can anyone tell me is this for profit? :) You decide......

Mistake

Sigh, big mistake. Just wanted to make things more simple for the students to remember their poomses. but incidentally confused myself of the steps.... sigh... my apologises to them, so sorry.

Cheers,

Coach Calvin