Sunday, June 10, 2012

The Big Closing Sale

We had a big sale this weekend to sell off Art School property and items in order to generate cash and pay back parents for advanced tuition they had paid last year- as well as other outstanding financial obligations. The school is a non-profit and charity. We are closing the school next month because of financial difficulties (and numerous other reasons) and want to do so with a clear conscious. The last two years have been very difficult for our family as the school lost money and we had to severely cut our own wages to keep the school going. I sincerely feel that going non-profit and having a Board Of Directors that was mostly made up of house wives who have never run any kind of business, killed our school. Of course the dank financial climate did not help. We did raise funds and almost made our first goal with this weekend sale. We will be doing another soon to see if we can sell the remaining items and meet our goals. 

No comments: