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by asd33313131
2681 days ago
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I think we would put it more like staffing platform + a trainee/school program. But we combined them because we saw a gap in the market. Pure schools need to make money on the school portion (they have to have high gross profit per student). A lot of schools hover around 50% gross profit per student. So we thought, if are able to integrate vertically (and have both school and staffing platform), we can finance the school portion extremely aggressively (and scale really really fast), and meanwhile actually turn a profit on the staffing platform side. That's the business model reason. The second reason is that we think that by paying people to finish tasks, assignments, and learning material, we can actually incentivize completion in a much cheaper way than employing a lot of supervisors. So not only are we able to grow faster because of our integration (like above), we can be more efficient at producing students. I think if we weren't trying to scale extremely fast and sustainably we would probably focus on the training portion. |
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