Thursday 2 July 2009

Only Fools and Horses


So simultaneously my school went bankrupt to be then taken over by another private chain (no names mentioned).

The place is jinxed whent it comes to hakwons - 4 different owners in 2 years, think about that. Last headcount - around 50 kids. In step 2 men to make their fortune - a horny middleaged chappie called Mr Lee, and his always silent partner, 80%, so-called because he owns an 80 per cent stake in the business (shh, it's gossip).

Now, Mr Lee is a recruiter, he knows the ins and outs of the academy trade, and may or may not be a founding father of the new chain in question, it's never been made clear.

The other guy, 80%, seems to be a business man completely out of his depth.

I'm no mogul, but I believe when you're going to spend over a million won in new books, you should at least check with the parents of the current crop of students if they'll continue to send their kids now the whole company has changed, bringing with it a whole new curriculum.

Our 2 geniuses didn't do this, and in one day we lost 25 students, leaving the elementary kids down to less than a dozen.

Yes, 25 students and counting. (The kindergarten stayed stable somehow).

You should also hold at least 1 presentation day to introduce your brand new school to the whole community.

Only now it's clear these guys came in with no plan whatsoever, except to hike up the tuition fees.

What happens next? Anything can happen in Korea. At least my visa's safe. But for now, there's 3 teachers left, and after 5pm, only 1 student to actually teach in this ghost town.

Why do only fools and horses work?

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