Lao Luo English Training School is the first training institution founded by Luo Yonghao himself. He thought he could stand on his own feet by his experience in New Oriental, but later he found out that he was not cut out for education at all. Although his training course has a good reputation, it has never made money, and it has basically lost money every year, which directly led to the closure of Lao Luo Training School.

Since its establishment in June 2008, Luo Yonghao English Training School has been in a state of loss for a long time, with a loss of more than 3 million yuan in the first year, only 20 1 1 profit. Although the dropout rate of Lao Luo English is very low, which has been maintained at around 5%, and 100 students are recommended by old classmates when enrolling students, the brand and reputation are quite good, but this failed to get Lao Luo English out of the predicament of long-term losses and eventually went bankrupt as the public questioned.

Of course, there was a very important reason for the subsequent closure, that is, after Luo Yonghao started making hammer mobile phones on 20 12, he has been wholeheartedly developing hammer technology, and has long put aside the cause of English training, including Han Xu, the person in charge who took over later, who also joined the hammer team. In addition, many former training leaders have changed jobs, and enrollment and teachers have become the factors restricting their development. So I had to give up this training structure later.

Luo Yonghao himself publicly stated that he was unhappy from the first day of Lao Luo's English training. I think the main reason why she is unhappy is that he actually doesn't like this training structure. This kind of life doesn't suit him at all, otherwise he wouldn't leave New Oriental.