Paying Yourself and Your Teachers: Budgeting for Sustainability

Budgeting and Self-Payment for Hybrid School FoundersIn this episode of the Hybrid School Builders Podcast, host Rebecca Foley addresses one of the most common questions asked by hybrid school founders: how to pay yourself. Rebecca emphasizes the importance of having a clear vision for at least three years to ensure robust budgeting. She explains the significance of integrating all expenses, including self-payment, into the budget and how to set competitive and fair salaries. Rebecca also highlights the necessity of planning for growth, understanding staffing infrastructure, and adjusting tuition fees accordingly. Practical tips on accurate budgeting, considering all costs, and ensuring sustainability in the long term are provided to support founders in their journey toward creating a flourishing hybrid school.00:00 Welcome to the Hybrid School Builders Podcast00:58 How to Pay Yourself as a Founder03:01 Budgeting and Staffing for Sustainability05:52 Setting Fair Salaries and Tuition13:52 Hiring Part-Time Employees18:21 Final Thoughts on Paying Yourself21:44 Conclusion and Resources