Bootcamp Payment Model

Michael Girdley describes his coding bootcamp as his best cash flow business, highlighting its service-based model with favorable payment structure and meaningful impact.

Key Points:

• Business Model:

  • Services-based business
  • Low capital expenditure requirements
  • Students pay before receiving the service
  • Operates at 15-20% EBITDA margins
  • Low 8-figure revenue

• Key Advantages:

  • Upfront payment model
  • No significant infrastructure costs
  • Predictable cash flow
  • Transforms people's lives through career change
  • Profitable from early stages

• Value Proposition:

  • Career transformation service
  • Helps people get better jobs
  • Life-changing impact on students
  • Creates tangible outcomes for customers

The business combines strong unit economics with positive social impact, making it both financially and personally rewarding to operate.