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The first steps

Emily — Mon, 17 May 2021 12:18:55 +0000

Studying in a private school is the dream of all parents. An obstacle to implementation can only be the price of the issue or the absence of such a school. You can help solve half of the problem by opening your own school. This is not an easy business, but noble and quite profitable.
Without exaggeration, the quality of the education received in secondary school determines the development of adult life. The ability to perceive new knowledge and find its application, admission to a university, professional growth – the preconditions for a successful life are laid in childhood.

Many parents have already realized the value of a quality secondary education, but finding a school that matches their aspirations is very difficult. In overcrowded classrooms, it is impossible to pay due attention to each student, and the level of training of the teachers themselves leaves much to be desired.

The conclusion is that private schools, devoid of the shortcomings of public educational institutions, should be popular. But in reality, not all parents are ready to pay for a child’s education. Even in large cities, where the level of income is quite high, the number of families wishing to transfer a child to a private school does not exceed 20 percent. Therefore, the first step before starting a private school should be to study the demand in your city. Interview as many potential consumers of your service as possible in order to understand whether there are prospects for recruiting a sufficient number of students, what hopes parents associate with studying in a private school, how much they are willing to pay for the education of their children.

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What does a private school business plan include?

Emily — Mon, 17 May 2021 12:12:25 +0000

Initial investment. This includes equipment and rental costs, furniture purchases, and advertising.

Financing. How do you plan to invest in the business, whether it will be your own funds, loans or investments of investors.

Staff. How many people will teach in a private school and what salary they will be able to receive.

Taxation. The type of tax regime and the costs incurred by the company under this tax system.

Income. Preliminarily, you should calculate how many students the school is able to serve, what income will be received in the first and subsequent years.

Marketing strategy. What business promotion tools will be the most effective.

Competent answers to all these questions will give a concrete idea of your business idea.

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How much income can you get from running a private school?

Emily — Mon, 17 May 2021 12:10:21 +0000

First of all, the income of a private school depends on the amount of student contributions. Accordingly, the more there are, the higher the income level. But at the same time, the costs of maintaining a large room, a larger number of teachers, also increase. Also, the amount of income is influenced by the variety of services provided. Taking a language center as an example, the more languages taught, the higher the likelihood of attracting students.

In terms of numbers, you can preliminarily calculate: the annual tuition fee for 2-3 grade school for 10 months is 2-3 thousand dollars. At the same time, the cost of education in kindergartens, out-of-school institutions, in equivalent to public schools and vocational schools will be slightly lower. As for narrow-profile courses or training in special professions, everything here depends on the demand and quality of teaching, on the innovations that your school will offer. After all, in any business it is always important to find your niche!

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