Number Crunching Part 1

Number Crunching Part 1

In the coming posts I will expand upon the valuing schools post. Using information from schools for sale posted online recently and in the past, I have put together some fictitious, hybrid examples. None of these schools are real in themselves, but are all based on...
Timing, Team, Location and Sunk Costs

Timing, Team, Location and Sunk Costs

In his 2015 TED talk, Bill Gross, the founder of Idealab, looked at why start-ups succeed or fail. He looked at 200 companies, and concluded that, rather than the idea, the team, the business model or the funding, timing was the most important difference in success...
Illusory superiority

Illusory superiority

Lots of school owners say they run their schools to cater to the needs of their students. In a survey in 1981, 93% of U.S. drivers rated themselves as having above-average driving skills. This is obviously impossible. It demonstrates illusory superiority and shows how...
Drilling

Drilling

In 1960 in the article “Marketing Myopia” published by the Harvard Business Review, Ted Levitt wrote, “No one buys a quarter-inch drill bit because they need a quarter-inch drill bit. What they need is a quarter-inch hole. That’s what you should sell...
Destroying Education

Destroying Education

  In August I took part in MOOSE – massive open online sessions – facilitated by Online Teaching Japan. OTJ arose as teachers organised to help each other to transition online during the COVID-enforced lockdown. It’s a great group. This is the session...