The Khan Academy & Its Learnings

                                         http://www.khanacademy.org

What is the Khan Academy ?

The Khan Academy is a non-profit educational organization, created in 2006 by educator Salman Khan, a graduate of MIT and Harvard Business School. The objective of the acdemy is  "providing a high quality education to anyone, anywhere".The website supplies a free online collection of more than 3,200 micro lectures via video tutorials stored on YouTube teaching mathematics, history, healthcare and medicine,and many other subjects.

Khan's Vision

Salman Khan has employed a very successful philanthropic business model, which caters education to anybody with an online access. While all videos continue to be hosted on Khan Academy's YouTube channel, they also are available through Khan Academy's own website, which also contains many other features such as progress tracking, practice exercises, and a variety of tools for teachers in public schools. Khan Academy now also conducts in-person sessions called 'Discovery Labs' where they teach students innovative ways to integrate technology into the hands-on learning experience. 

Donations and Funds Received

The main contributors to this organisation are the Bill And Melinda Gates Foundation and Google. A November 2011 grant from the O'Sullivan Foundation, founded by Avego MD and cloud computing pioneer Sean O'Sullivan, will be directed to three initiatives:

1.    Expanding the teaching faculty

2.    Extending content through crowd-sourced contributions following a Wikipedia-style model

3.    Developing curricula to help users blend the content with physical teaching through STEM learning

Revenue Generation with Differentiation

        Currently, the site operates without any advertising and yet it gets a monthly revenue of $3.5 million. This happens because of the sheer number of people who visit this site because of its uniqueness and envision.A believer in his team of workers, Khan  has also managed to rope in several part time enthusiasts, who want to be a part of this unique organization.

Takeaway from the Khan Academy

  The most important thing to know here is the uniqueness of Khan's idea, which set him apart from the rest of the online education systems. He envisioned something which was so unique and innovative that it has changed the way we perceive the education industry today.

Thus to open one's own business, 

1.one has to be innovative in his thought process,

2. he should be clear in his thoughts and ideas,

3. his idea should be effective so that it reaches out to as many people as possible,

4. and the entire organization must be created keeping the needs of the customer in your mind after which it is necessary to convert the entire population (in this case anybody from all over the world can be a part of the Khan Academy ) into the target customer.

Please have a look into this site , the link is posted above.... An innovative business solution awaits you !!!