Registered Training Organisations eBook
To run a viable RTO, you need to know the cost of running a course, and how profitable it’s going to be. You need to know how many students you need to break even or preferably make a profit, and if it’s even worth running.
And when a course has been delivered, you need detailed analysis to make sure your forecasting was accurate.
With any business, knowing the financial impact of the decisions you make is critical to ensuring long term success. The biggest struggle for many businesses is all the inputs that you must take into account. Education and training is particularly challenging as you’re required to constantly grapple with changes in government policy, loans and increasing competition.