As I need investors, I had to mention the revenue stream.
I used the Limkokwing projection of one million students in ten years time.
Today Phoenix University is probably the Leader in for profit virtual education.
Here is a portion of their financials for 2010.
OutlookFor the full year, analysts expect Apollo to grow revenue 23.3% to $4.9 billion. Earnings should exceed $5 per share and grow approximately 20%.
Third Quarter Sales and Profit Trends
... Net income fell 11% to $179.3 million, which was still a very healthy 13.4% of revenue. Share buybacks reduced the hit to earnings, which ended up falling 6% to $1.18 per diluted share. Excluding the charges above, earnings came in ahead of analyst expectations.
The University of Phoenix (UPX) is a for-profit institution of higher learning. It is a wholly owned subsidiary of Apollo Group Inc. which is publicly traded (NASDAQ: APOL), an S&P 500 corporation based in Phoenix, Arizona.
As the university with a student body in North America second only to the State University of New York, it has a current enrollment of 420,700 undergraduate students and 78,000 graduate students, or 224,880 full-time equivalent students.
So Phoenix University has approxiamately half a million online students, and has revenue of aproxiamately
$5 billion dollars American.
Using this as a template: 1 million students would mean 10 billion dollars revenue.This is far more than I projected using Malaysian Open University figures 4-5 billion Malaysian Ringitt (1 billion plus American dollars)
Presently Phoenix seems to operating on an income that is 13.4% of Revenue...
On a 10 billion Dollar revenue that would be 1.34 Billion dollars a year.
It is always possible to spend more than you earn. However, if you can get a high quality educational product out there, that has value for the students, you can certainly generate a healthy revenue stream.
Claudio Berra (Motorsport Director Group Lotus) recently stated:
The 2011 season would also see Lotus in GP2 and GP3; in ALMS with an LMP2 entry; a Lotus presence in GT2/Endurance racing; a full season of Lotus Cup races around the world, specifically series in the United States, the United Kingdom, Europe, Japan and the Middle East with 40 to 50 cars each weekend, and Lotus Academies just about everywhere there is a Lotus Cup.
Incidently, there is an oval track for sale not too far, 60 miles from the Lotus Ann Arbor facility asking price $325,000 USA.
Springport Motor Speedway is a 3/8 mile high banked asphalt paved oval, located in South Central Michigan
It needs an innovative new owner..
Combine this with the track (I believe it's for sale ) in Johor, and the facilities at Hethel and you can easily incorporate this into the Group Lotus 5 Year Plan.
To quote Nike... Just Do it (Dany Bahar)