It's been eighteen months since we started running two-day boot camps. We've grown rapidly:
|Cumulative Number of Boot Camps||Cumulative Enrolment|
Now we need to start thinking about how to sustain that growth in the long term. To start, here are some stats on how things have been funded.
First, we've experimented with several different ways to fund travel costs, and several different ways of charging attendees:
|Funding Model||Charge Model|
Here's how often we've used each combination:
One fact that doesn't show up in this table is that the number of grant-funded boot camps has gone from 16 in 2012 to 2 in 2013. Even if we include two mixed-model boot camps this year in the latter count, we're clearly much closer to boot camps being self-sustaining.
But being closer isn't the same as being there. We're spending about $150K/year in grant money on salaries and overheads to keep this whole show going. At two boot camps a week (which we think we can reach by this time next year), we'd need about $1500 per boot camp to cover those costs. If we stick to an average of 40 learners per boot camp, we'd have to charge a bit less than $40 per person. The problem is, we often can't do this: if we charge for training—even a refundable deposit—then some institutions will charge us for use of their space, and only charging those who don't have such a rule seems unfair. An alternative is to ask for sponsorship on top of instructors' costs, rather than tying it directly to enrolment.
Setting that issue aside for a moment, though, I'm more certain than ever that this training is cost-effective:
Measured that way, I'd say we're doing more than OK.comments powered by Disqus