A Guide On The Steps To Open A School In India Today
A foray into the education sector is perhaps on the agenda of most Indian business people, and you are also thinking on these lines. Recent data on the county’s population throws up some interesting statistics to support this decision. A large part of the population is below the age of 10, and there is a tendency among parents to educate the kids. These two factors have been critical for the education business in India to be a lucrative cash cow for the business community. Therefore, you would be eager to invest in a school, and let me discuss the process of how to open a school in India.
The blueprint for the first five years
Before you even lay a brick for the construction, one should prepare a blueprint for the first five years of operations. First, one must develop a perfect plan as to how the school will operate. Next, there is a need to plan the location and the teaching subjects. Once the topics have been decided, the next step involves planning for the faculty. Here are some of the other aspects, which you will need to fix.
> You will need to assess the cash in hand situation and then proceed. A minimum play school could take up anywhere in the range of 6 to 8 lakhs. The costs of setting up a primary school could be Rs 10 lakhs. If you intend to set up a 10+2 institution, the capital expenditure may be something to the tune of Rs 2 crore.
> One will also have to search for adequate land. If you intend to set up a senior school, the total land required maybe 2 acres on the ground.
> There is also a need to search for school affiliation, and there are varied options at your disposal. Do you want to start CBSE school in India or associate with a local board? This is a critical decision to make, and the CBSE should be the preference given its pan-India presence.
One can start a franchise model
The blueprint for the first five years
Before you even lay a brick for the construction, one should prepare a blueprint for the first five years of operations. First, one must develop a perfect plan as to how the school will operate. Next, there is a need to plan the location and the teaching subjects. Once the topics have been decided, the next step involves planning for the faculty. Here are some of the other aspects, which you will need to fix.
> You will need to assess the cash in hand situation and then proceed. A minimum play school could take up anywhere in the range of 6 to 8 lakhs. The costs of setting up a primary school could be Rs 10 lakhs. If you intend to set up a 10+2 institution, the capital expenditure may be something to the tune of Rs 2 crore.
> One will also have to search for adequate land. If you intend to set up a senior school, the total land required maybe 2 acres on the ground.
> There is also a need to search for school affiliation, and there are varied options at your disposal. Do you want to start CBSE school in India or associate with a local board? This is a critical decision to make, and the CBSE should be the preference given its pan-India presence.
One can start a franchise model
A critical decision is whether you start fresh or apply with a top brand offering an international school franchise opportunity in India. If you take our suggestion, the franchise option is always better. It is because one need not have to put in much effort in setting up the brand. You get a tested model to implement, and the advertisement costs are significantly lower for a franchise school. Your business should achieve the break-even point and start generating profits in a quick time.
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