Generating revenue

As stated earlier, ideally, The Academy would be an entirely self-sufficient enterprise, i.e. there would be no need for any outside source of funding, i.e. it would be able to generate enough revenue internally to cover 100% of its costs.

In thinking of ways to achieve this state of perfection, I have been thinking of ways that The Academy could generate revenue.  Hmm, I could charge a tuition, I could … I could … I could …

Dang.

What are some other ways that The Academy can bring home the bacon?

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5 Responses to “Generating revenue”


  1. 1 Zack Adelson August 28, 2010 at 2:43 pm

    Have monthly “fun” raising mixers. Get local brewers and restaurants to donate booze and snacks. Ask for a small donation to get in and volia! Great way to raise awareness and make a little cash a la Greendrinks. You could even incorporate local bands to bring out more people.

    Zack

    • 2 Zach Rome August 28, 2010 at 4:13 pm

      Zack mon!

      “Fun” raising sure sounds fun! … And profitable. Thanks!

      Any other ideas that might be able to make money from the actual operating of the program?

      • 3 Zack Adelson August 29, 2010 at 5:51 pm

        hmmmm that is a challenge…I heard about an interesting business model this sandwich shop up in Maine uses with its franchises. If someone wants to open an Amatoes Sandwich place they have to pay the franchise fees but they also have to use all Amatoes brand products ie tomato sauces, bread, pickles etc which the owner of the brand manufactures.

        Obviously very different type of business but it gives me an idea for you. If people are going to go diving they need equipment. You could become a scuba gear wholesale dealer. You pay the large upfront cost and buy a bunch of scuba set ups then to participate in Schooba Academy Dives they have to rent the gear from you. The kids get really into scuba they can come to you to buy the equipment out right. Since you are buying in high volume you should be able to get good rates. There might be some problems since you are a non-profit so you might have to set up a sister corporation to accomplish this. Just some thoughts.

        I am coming down to NY the last week in September, so me you and Robby need to hang out. See you soon buddy.
        Zack

  2. 4 Zach Rome August 30, 2010 at 10:44 am

    We most certainly do, Mr. Adelson. Thanks for all of your thinking, and let’s continue the conversation in a couple of weeks in person!


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