Q: We are hoping to learn from other institutions about different possible financial models for contract training activity. If you or someone you know can share with me information related to contract training financial model I hope to be able to speak with you or someone you refer me to.
A: -For financial analysis of continuing education LERN developed the LERN Financial Format. It can be used for analysis of Contract Training. -The following are the most recent ideal percentages for a standalone Contract Training Department... Income 100% Promotion 0-5% Production 45-50% Direct Costs (Promotion + Production) 50% Operating Margin (Income - DC) 50% Administration 35% Net 15% NOTE: Contract Training Departments report operating margins between 40-60% and net between 5-25%. -This also means when you sell a contract for $1,000, you should have an operating margin of $500 (at the worst $400). Administration and net are only considered when you review the whole Department. -For more information you should consider buying the LERN Contract Training Manual and/or attending a LERN Contract Training Institute. -Feel free to ask me additional questions.
Questions
Contract Training Financial Model
May 23, 2018 2:24:00 AM
by
Jordan Kivley
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