Semester at Sea President and CEO Scott Marshall joins as a guest on the “Failing to Success” podcast to discuss the unique challenges and opportunities of running a nonprofit organization that combines elements of higher education and the cruise industry.
“Failing to Success,” hosted by Chad Kaleky, is a top 10% ranked podcast that shares true stories of entrepreneurs making mistakes and overcoming obstacles on their path to success.
Founded in 1963 as a program and established as a nonprofit in 1975, Semester at Sea has grown to generate $31 million in annual revenue with a team of 45 dedicated staff members. In this episode, “How Does Semester At Sea Work? $31 Million to Operate with Scott Marshall, CEO,” Marshall dives into the complexities of Semester at Sea’s high fixed cost model, the impact of the pandemic on operations, and the importance of staying true to our mission.
When asked about the main challenges of running a nonprofit organization like Semester at Sea, Marshall said, “The complexity of combining study abroad, higher education, and cruise operations is challenging, but it ensures a clear purpose and meaningful impact every day.”
