As we work to build our new Stretch-n -Grow business, we find that the old addage is true. Patience is indeed a virtue. We began regular weekly classes last month at our first school, and today we were informed that they will be discontinuing their participation temporarily. As their enrollment has dropped off since the start of school, their revenue has also dropped. They maintain that they love the program, and so do the kids; and they will resume as soon as they build their cashflow back up. It's sad for two reasons: 1. The kids there were just starting to get into the program and follow along well, and 2. That cuts out income for our business.
On the bright side, we will begin classes at a new school next week. This will be a parent paid program, so the money will be a little different. Potentially much better, but the risk of low enrollment is there, too. Which means low income since we will be paid by the parents for each child.
It takes time and money to start a new business. It also takes a bit of determination. I just hope we can keep ourselves optimistic during the slow times.
Thursday, October 4, 2007
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