Balance sheets are only one way to measure the performance of your international school, writes Dr Wayne Russell.
A private company can measure its success with financial measures such as return on sales and return on investments.
Although an increasing number of international schools are for-profit, schools usually do not disclose their balance sheets and other financial statements.
Sometimes even international school leaders are not privy to their school’s revenue and profit numbers. So, are there non-financial measures that can be used to measure the performance of an international school? Yes. And research reveals that non-financial measures paint just as clear a picture as financial measures. Therefore, we can predict that if an international school is performing well on non-financial measures, it is also realizing financial gains.
Read my full article published by School Management Plus here: https://www.schoolmanagementplus.com/bursars-finance/how-well-is-your-international-school-really-doing/
