La Bene Vita

Student Count

= 261.5. Not good. Invoices went out today, so I expect to see a few more withdrawals. Very not good.

This business is seasonal, so the drop is not wholly unexpected - though it's much more pronounced than this time last year, which means either (1) last year was still the honeymoon period, or (2) we've hit a plateau. (!)

I'm thinking (and crossing my fingers) that #1 is more likely, but that doesn't help our sagging cash flow situation. Mom gave a good pep talk. She said this is why companies - all companies - maintain lines of credit. I have one, of course, but hate to use it because I hate debt. But she said her company has like a $60 million line of credit and a budget line item (around $1 million) for loan interest, because that's just what companies do to maintain cash flow. Cash flow does not define a company's success - profit does. And we're profitable.

So, I feel a little better, as usual. Last year, June was a banner month for new enrollments, and we've got several full samplers and summer camp enrollments. Hope is not lost.