Business Model Analysis and Advice

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Overview

Role: 
Analysis, Customer Research and Advice
Estimated Time: 
Ten to 20 hours
Start Date: 
Ideally we would like this work to begin ASAP because we are currently in our recruitment and planning stages for next year. I expect that this project could be completed within one month.
Collaboration style: 
Set own schedule. Volunteer remotely. Work closely with lay leadership & professional staff.
Jewish New Teacher Project
www.jntp.org

Scope & Deliverables

The Jewish New Teacher Project, based in New York City, was heavily funded by a single foundation for its first 10 years and is now facing the challenge of that foundation spending down. We completed a business plan with Wellspring Consulting three years ago and have been following the recommendations and benchmarks of the plan pretty closely. We are finding, however, that raising sufficient funds to cover an 80% subsidy for our participating schools to be overly burdensome. We are reconsidering our financial model and are looking for a consultant to help us with this exploration and analysis.

We are looking for someone to help us explore our options for pricing, sliding scale fees, and other possible sources of earned revenue. The work will likely involve:

  1. Analysis of our budget and financial model
  2. Speaking with selected clients to understand how they value our work as well as their purchasing power
  3. Share the research with senior JNTP leadership
  4. Make recommendations / help us think about changing our pricing structure.
  5. Exploring other streams of earned income that we could develop.

Project Results

This engagement will help us better understand if we can charge a higher fee-for-service to our schools. It will also help us better understand how our clients value our work and what they are willing to pay. Having this knowledge will enable us to make budget decisions and plans regarding fundraising and earned revenue as we strive toward sustainability.

Organization Description

The Jewish New Teacher Project (JNTP), based in New York City, is dedicated to improving student learning and strengthening Jewish day schools by accelerating the effectiveness of new teachers, honoring the wisdom of veteran teachers, keeping both kinds of teachers in the classroom, and promoting the growth of school leadership. JNTP's program model focuses on improving the classroom practices of beginning teachers through high-quality, intensive mentoring, resulting in reflective practitioners who are responsive to the needs of all students. As a project of the New Teacher Center, JNTP has taken NTC's acclaimed, proven methodology and materials -- based on 25 years of research and experience -- and adapted them for Jewish day schools, bringing the best of "outside" innovation into the Jewish community.

Required Skills/Experience

Budget analysis, ability to interview people, knowledge about pricing structures, understanding of Jewish philanthropic sector (preferred but not required), knowledge about Jewish day schools (preferred but not required).