Starting a school is possible. Your dreams and desires to expand and educate minds is feasible, as long as you have an eye on the business side of things, too. Yes, it involves detailed planning, but a good school business plan is the reason your school will succeed. Your strategic planning is essential to the success of your unique school. The compiling of a first-rate, sound school business plan is essential to your success, because only then you will be able to see the full spectrum of the challenges you need to overcome.
The very first priority of many parents is to send their children to school to acquire knowledge from infancy. Private Nursery and Primary school in Abuja, Lagos, Portharcourt and every part of Nigeria has become more profitable these days than ever before due to the number of children that are recorded in birth rate each day. Due to this increase in the number birth rate in the population yearly — it is now necessary that more Nursery and Primary schools is now required to take care of these children, and children yet to be born. In the olden days, only one public government or missionary owned primary school in a village or city was enough to take care of these kids entire local government area. Due to the high quality education available in public schools back then, private nursery and primary schools was not needed.
Our firm is experienced with developing for-profit and non-profit private K schools world-wide: A market-feasibility study and business plan is a critical starting point and foundation for the development of your private school. Our firm has been involved in developing market-feasibility studies and business plans for hundreds of school projects in countries around the world and school types and have an experienced team in place to support your group -- be it for-profit or non-profit. We formalize your educational, operational, and business model, and quantify enrollment projections, capital needed to open the school, and your five year budget to determine when you break-even, and your internal rates of return and pay-down to investors.