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......
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3 comments:
u break down the whole thing veri well.. but then again.. u did not include the number of students u r currentli teaching.. for example if u have 100 student.. tat will be $61 dollar per hr... but then again.. the fee is charge at a veri affordable prices and u did not include other expenses incurred or suffered.. so i believe for u... PASSION RULES... i know of some clubs tat actualli charge 100++ for 3 mth of training.. tat is real profit... but they have good facilities....
Well, Thanks for the understanding. :) it's $0.61 per hour, not $61 per hour.
Cheers,
Gorix
sir...u got at least 3 class!! so it shud be 6hrs/wk =(
David sir always back pain >.<
but he nv stop coaching us...
even working for money is not worth doing tat...
wad else other than passion can make you guys work so hard for the club >.<
so noble... really...
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