by Thomas Byrne | Feb 13, 2024 | Business Analytics and KPIs
Introduction: A music school’s growth trajectory hinges on the ability to convert trial lessons into regular enrollments. Whether your school offers free or paid trials, there can be no doubt that trials greatly increase the likelihood of longer-term enrollment....
by Thomas Byrne | Feb 12, 2024 | Business Analytics and KPIs
Measuring Student Retention through Churn Analysis Many music schools lack a deep understanding of student retention metrics, among which churn analysis stands paramount. Churn, a metric that indicates of the rate at which students enroll and depart, is a critical...
by Thomas Byrne | Feb 12, 2024 | Finance, General Information
Navigating the Financial Mirage: The Cash vs. Accrual Challenge in Music Schools Effective cash management can be complex in a music school setting. This is because many music school software forces schools to recognize revenue on a cash-basis, while incurring...
