For over 12 years, we have been developing sophisticated fee collection strategies that deliver the best possible results, no matter what the circumstances are.
Our flexible and multi-channel approach ensures that school leaders engage productively with parents to drive positive outcomes. This Nova™ Strategy is designed to help the head of schools and Bursars to improve their school revenue by improving the time parents pay fees and reduce debts by 70-100%
Attend the Nova Fee Collection and Debt Reduction Strategy for private school growth training to learn how to deploy this strategy.
Our result shows that Schools that implemented the Nova™ strategy reduced debt by N15 million, got about 25% of parents to pay before resumption and 95% before mid-term.
Many growing businesses fail from lack of cash, rather than from lack of sales.
A useful analogy is that profit is like food, whereas cash is like oxygen. The survival ‘rule of threes’ states that people can survive three weeks without food, three days without water, but only three minutes without oxygen. Similarly, a business can survive without profit in the short term but it cannot survive without cash-put it this way, if you stop paying your employees and stop improving the school facilities your school will not survive for very long at all.
A school can have the best service in its market, but if it runs out of cash, the quality won’t matter.
At this one-day seminar designed for School Owners, School Administrators, Head of Schools, School Bursars and all other principal officers of private schools, participants will learn proven strategies to improve their school revenue by improving the time parents pay their children’s fee and eliminate or reduce debtors by 70-100%.
The training is broken into 4 sections.
- What you Must Do Before It Becomes a Debt
- When Customer Still Won’t Pay: Activate the Debt Collection Process
- Tips for Effective Debt Collection
- Debt Collection Strategy