Tailored Learning Business Planning

Could wax lyrical about this for hours but it depends on a couple of things:

1. how big is the pot?

2. what kind of proportion of the learners are you expecting to pay?

If you're running a large amount of, if you will, "old school" provision (that obviously fits one of the 7 purposes) in arts and crafts, yoga etc, where most of the learners make some sort of monetary contribution, that's going to be a harder set of sums to work out due to more variables. If you've only got a dozen classes, directed at learners who are demonstrably in need, then it's a lot easier!

My first advice to everyone though is: work out how much it costs you to teach an hour of TL (including whatever oncosts you think make sense) then divide your pot by that amount. That gives you a base amount of TEACHING you can do for the amount of funding you have. The numbers of bums on seats to receive this teaching is, to a greater extent, entirely irrelevant. It only becomes relevant if you want to do more hours than that because they only way you can pay for it to happen is through the collection of fees. I know it's (there's that phrase again) pretty old school, but there's nothing wrong with an hourly rate? Nice and transparent for learners, easily explained and, also, easy to put up year on year...

Hi Steve, very much appreciate your incite on this. We have a large proportion of Quals where learners pay a contribution and also a large proportion where they do not. so unfortunately, we fall within the slightly more complex methodology. But I definitely think working out an hourly rate is going to be something that will help up make this year a smoother operation.