How can schools generate additional income? This article sets out ways to generate extra money using a school’s existing resources and courses. School and academy leaders are currently facing increasingly squeezed budgets, higher demand for school places or growing concerns about young people’s learning need. Schools are expected to balance these while providing a high-quality education and a positive springboard into children, teenagers adolescences and adults. These thoughts were also discussed during our Cambodian team’s staff training.
Having started a teaching career in community development in schools, I have experienced many of these challenges first-hand, but have also witnessed some great examples of schools taking a proactive and efficient approach to responding to some of them. These are the institutions that have spotted the silver linings and are making the most of them for the benefit of their pupils and the wider community.
Here I will discuss why I think it’s so important for schools to consider generating their income through focusing on new school curriculums needed, building up a good communication with stakeholders, setting up more projects, and applying the PBL strategy to attract potential beneficiaries. Investing in this, this can have wide benefits for the organisation, young people and the whole community.
Building up a good communication with stakeholders
Here, we should take a look at the respective customers of a school such as teachers, academic researchers, policy makers, parents, local people, and teacher training institutions, parents and local authorities. We should do this to collect feedback from them to set up a unique high-quality education for the adolescences and the wider community before another competitive institute will have started up new education organisations.
Applying the PBL strategy to attracting potential beneficiaries
The PBL is highly recommended to be applied in the lesson planning where students can sit down in a group of three or four to follow instructions and discuss to explore a language. At the same time, the school should promote do digital marketing like promoting its offers on its website, facebook, write blog posts, and produce marketing materials when needed.
To draw the conclusion, it was a wonderful opportunity to have met our community heroes in Takeo province. Our community heroes have strongly committed on finding new gateways out to reach the yearly goals and stay stable as a long term social enterprise.