A Guide For An Entrepreneur Eager To Start A School In India Today
The lucrative cash flows generated from education businesses flourishing all over this country have perhaps given you the much-needed business idea. This sector has long offered great earnings potential and it should flourish more in the time to come. Hence, you have certainly not missed the bus and there is always the scope to invest in the education sector today. You could be new to the education business and there is perhaps a query in mind. How to open a school in India today? This is perhaps the question, which is now in the mind and there are some issues, which you need to address.
Some important issues to consider as you are opening a school
There is plenty to do as you intend to set up a school in any part of India. As someone who has a basic idea of running businesses, you are perhaps aware that there is a need to prepare a blueprint. There are some important decisions to make as you plan to invest in building a school today.
> One of the foremost issues will be to understand the capital expenditure costs of setting up the school. A primary school may require capital anywhere in the range of 8 to 10 lakhs. The costs for setting up a 10+2 school could be in the range of 2 crores.
> You need land for the school and the requirements could be 2000 square feet for a playschool. The requirements for a senior school campus could be 2 acres.
> There is more to do and one will have to recruit qualified staff as teaching faculty.
> There is also a need to associate with a board for recognition.
> You must also associate with a reputed education franchisee in India.
Why should it be an education franchisee?
Some important issues to consider as you are opening a school
There is plenty to do as you intend to set up a school in any part of India. As someone who has a basic idea of running businesses, you are perhaps aware that there is a need to prepare a blueprint. There are some important decisions to make as you plan to invest in building a school today.
> One of the foremost issues will be to understand the capital expenditure costs of setting up the school. A primary school may require capital anywhere in the range of 8 to 10 lakhs. The costs for setting up a 10+2 school could be in the range of 2 crores.
> You need land for the school and the requirements could be 2000 square feet for a playschool. The requirements for a senior school campus could be 2 acres.
> There is more to do and one will have to recruit qualified staff as teaching faculty.
> There is also a need to associate with a board for recognition.
> You must also associate with a reputed education franchisee in India.
Why should it be an education franchisee?
You have entrepreneurship dreams, but despite that, the suggestion is to associate with a top education franchisee in India. It is via developing a school in a franchisee model, there are two major benefits. The first benefit, which you get here is branding. This is essential if you are eager to make sure that the school is off to a smooth start. A brand makes sure that you need not have to spend heavily on advertisements and the reputation of the parent will help to get the students. A franchisee also helps to operate a successful school model and the operations are now easy.
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