}

Tuesday, May 27, 2014

DIVERSIFY: Here's How To Cash In On The Charter School Movement

Peter Greene, veteran teacher and author of the "Curmudgucation" blog, brilliantly skewers the "all hogs to the trough" gluttony infecting the modern charter school movement with this tart post.

I've excerpted a bit here, but I encourage you to read the entire post yourself!

In the past, many charters were launched that focused solidly on providing unique and exciting educational experiences for their communities. These schools were innovative. These schools were connected to their communities. These schools were icing on the public school system cake. And these schools were run by chumps. There's only one question you need to answer to gauge the success of your charter school-- am I making money.

Here's how to properly cash in on the charter school movement.

Diversify!

Not the school-- your portfolio. Set up multiple companies. Create a holding company that owns the building, and charge the school rent and facilities fees. Create a school management company, and hire yourself to run your school. Form your own custodial contracting company. Write your own textbooks, and then sell them to yourself. Buy a loaf of bread and a jar of peanut butter and set yourself up as a lunch concession with ten dollar sandwiches.

Don't Overlook the Obvious

"Non-profit" just means "not wasting money by throwing it away on stockholders." Taking money hand over fist that you can't call profit? Just put it all in a big wheelbarrow and pay it to yourself as a salary. There's no legal limit to what you can be paid as the charter school operator. The only limits to your salary are the limits set by your own sense of shame. If you have no shame, then ka-ching, my friend. Ka. Ching.

Ain't Too Proud To Beg

Have a fundraiser. When you wave schools and children at people, they fork over money like crazy, whether you actually need it or not. The only way it could work any better would be if you found a way to work in the American flag and puppies.


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