school business plan in ethiopia

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Marketing Plan for Opening a primary school

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Zewdu Tefera

International Journal of Multicultural and Multireligious Understanding

Joni Rokhmat

The purpose of this study is to describe the financing strategy of Modern Al-Muwahidin Lelede Islamic Boarding School in the administration of education. This type of research is a qualitative study with Grounded Theory. This research was conducted for six months starting from November to April 2019. The types of data in this study are primary data and secondary data. In this study the data was obtained by conducting several techniques or in the form of research instruments, namely observation, interviews and documentation, so as to obtain the information needed. Data collection techniques carried out by interview, observation, and documentation. The results showed that: 1) Education funding at the Modern Al-Muwahidin Lelede Foundation was sourced from the Government, private sector and entrepreneurial results. Funds coming from the government in the form of Operational Assistance Funds (BOS), Poor Student Assistance (BSM), DBO, and Special Allocation Funds (DAK), while funds from t...

ANJANI BHARDWAJ

This paper says how to start a skill based school which leads a rural business school in INDIA

Nuruhussien Seid

Shinta Febri Yani

Kepemimpinan adalah upaya mempengaruhi banyak orang melalui komunikasi untuk mencapai tujuan. Kepala sekolah dituntut memiliki keterampilan yang handal untuk mampu mempengaruhi bawahan, memberikan bimbingan serta arahan yang dapat dijadikan dasar, strategi, atau program aktivitas sekolah. Berdasarkan Pra Survei terlihat Kepala sekolah telah berusaha melaksanakan tugasnya, Memberikan bantuan, serta dukungan motivasi kepada guru yang memiliki kendala dan kesulitan dalam melaksanakan tugas. Penelitian yang bertujuan untuk mengetahui bagaimana kepemimpinan kepala sekolah. Penelitian ini dilaksanakan di Khazanah Kids School Bandar Lampung. Metode Pendekatan yang digunakan dalam penelitian ini adalah pendekatan kualitatif. Pemilihan metode ini akan mempermudah dalam memahami paparan data yang telah dijelaskan karena tersusun secara akurat dan sistematis. Pengumpulan data penelitian ini menggunakan metode observasi, interview (wawancara) dan dokumentasi. Setelah itu data yang telah terkump...

Berumpun: International Journal of Social, Politics, and Humanities

Sri Sugiyarti sri0031pasca.2020

The charitable endeavors of Muhammadiyah in the Bangka Belitung Region in the field of education from the levels of Elementary Schools, Junior High Schools, and High Schools and Vocational High Schools are spread to all districts/cities. However, the discussion about Muhammadiyah education in Bangka Belitung is very minimal. This research is a descriptive study with a qualitative approach. This study took the sample of the oldest and best senior high school as an illustration of Muhammadiyah education management in Bangka Belitung. The results showed that Muhammadiyah Education experienced various obstacles to the threat of closure, however, they were able to rise from adversity. Muhammadiyah Pangkalpinang High School as the oldest school departed from a school that boarded at Muhammadiyah Middle School and later became one of the most popular schools in the era of the 1990s to accommodate students up to 18 classes, but later it fell free and was almost closed due to the lack of stu...

Farah Tithi

Nurul Hidayah

Astri Pramasari

This research is a field research study with a quantitative approach to statistical analysis and explanatory descriptive analysis. Data analysis uses multiple correlations which are processed using the SPSS application. The results showed that (1) the level of madrasah marketing strategy in marketing madrasah programs in Mataram City was 72.31% (good), while the correlation was 0.257 (weak), because it was only influenced by 6.61% and 93.31% influenced by other factors; (2) the quality level of the madrasah as a child education institution in Mataram City is 74.24% (good), while the correlation is 0.323 (weak) because it is only affected by 10.43% and 89.57% is influenced by other factors; (3) the level of public interest in the city of Mataram in choosing madrasah as children's educational institutions by 75.68% (good); (4) there is a correlation between madrasah marketing strategy and madrasah quality with public interest in choosing madrasah as a children's educational institution that is equal to 0.387 (weak) because it is only influenced by 15%, while 85% is influenced by other factors. Factors that influence the weak correlation of madrasah marketing strategies and the quality of madrasah with the public interest in choosing madrasah as children's educational institutions are consumer behavior which includes psychological aspects, cultural aspects, economic aspects and aspects of personal decisions. Abstrak: Penelitian ini adalah penelitian studi lapangan dengan pendekatan kuantitatif untuk analisis statistik dan deskriptif. Analisis data menggunakan beberapa korelasi yang diproses menggunakan aplikasi SPSS. Hasil penelitian menunjukkan bahwa (1) tingkat strategi pemasaran Madrasah dalam pemasaran program Madrasah di Kota Mataram adalah 72,31% (baik), sedangkan nilai korelasinya sebesar 0,257 (lemah), karena hanya dipengaruhi oleh 6,61% dan 93,31% dipengaruhi oleh faktor lain; (2) tingkat kualitas Madrasah sebagai lembaga pendidikan anak di Kota Mataram adalah 74,24% (baik), sedangkan korelasinya sebesar 0,323 (lemah) karena hanya dipengaruhi oleh 10,43% dan 89,57% dipengaruhi oleh faktor lain; (3) tingkat kepentingan publik di Kota Mataram dalam memilih Madrasah sebagai lembaga pendidikan anak-anak sebesar 75,68% (baik); (4) terdapat korelasi antara strategi pemasaran Madrasah dengan mutu Madrasah dengan kepentingan masyarakat dalam memilih Madrasah sebagai lembaga pendidikan anak yang setara dengan 0,387 (lemah) karena hanya dipengaruhi oleh 15%, sedangkan 85% dipengaruhi oleh Faktor. Faktor yang mempengaruhi korelasi yang lemah dari strategi pemasaran Madrasah dan mutu Madrasah dengan kepentingan masyarakat dalam memilih Madrasah sebagai lembaga pendidikan anak adalah perilaku konsumen yang meliputi aspek psikologis, budaya aspek ekonomi dan aspek keputusan pribadi.

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Access to Education

PRIMARY SCHOOLS

We build primary schools that create an educational pathway for rural children. Our focus on primary schools (grades 1 – 8) in the Dangla area means rural students who previously did not have access to school through 8 th grade can now continue on to high school and even beyond.

Project Ethiopia works to bring education and opportunity to rural children throughout the Dangla region. But there are many ways to contribute towards that goal. Our challenge early on was to identify where we could make the greatest impact given our size and organizational values.

The answer soon became clear: build primary schools with the help of the community in areas where there are no such facilities .

With proper buildings, the Ethiopian government will provide certified teachers and curricula materials for these communities. High school opportunities exist in Dangla, but those are unattainable to rural students who cannot complete school through 8 th grade due to lack of access to primary schools.

As work got underway on our first school, word soon spread that if the village provides the labor and material (Eucalyptus trees and mud/straw plaster), Project Ethiopia will provide :

• metal roofing
• cement flooring
• doors and windows
• blackboards

And with that, a model for creating access to education for rural children took root ! Partnership with the community is critical because the resulting pride of ownership guarantees careful usage and upkeep of the buildings by the villagers.

At a Glance

24  new school buildings, 26  improved school buildings, 146  classrooms, 14,000+ students served each year.

More About Our Impact »

Continue to next section: Clean Water and Sanitation »

STORIES FROM THE FIELD:

Our first school construction project presented special challenges. The original school, built on marshland, was damaged beyond repair due to the yearly swelling and shrinking of the land. To our great fortune, a German firm was building a water system nearby and shared their expertise which allowed the project to go forward. Parents followed their suggestions by digging very deep and filling the space with rocks and gravel so water can pass through below. Project Ethiopia could then safely begin construction above this ‘island ’ foundation. The result: 3 beautiful school buildings serving grades 1 – 8 where previously a dangerous, damaged school only served students in grades 1 – 4.

More Stories From The Field

With tears in his eyes, one father from Tara village (our third new school construction project) told us that he had previously tried to send his 6 year old son to a school near Dangla (walking 5 miles each way). When rainy season arrived, his son got sick from the long walk and often missed school. Eventually the boy had to quit school and the dream of an education seemed all but lost. Building a school in Tara has brought not only access to education for this family, but also hope for the future.

Another unique part of the Project Ethiopia model is the role of the village education committee. Villagers who desire a school for their children form a committee and encourage the entire village to volunteer. Then they request that Project Ethiopia come to their village for project work.   The community spirit inspired by the Education Committee sets the course for future projects in that village that will also require community involvement such as water and sanitation projects.

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ETHIOPIA: The Challenges and Opportunities of investing in Education

Mr. Abinet Kabtimer is the proud director and owner of Sunrise Academy , a school he opened just three years ago. Sunrise Academy provides education to children in Meki town, in the East Showa Zone of Oromia region of Ethiopia. The school offers pre-primary classes up to 8th grade, with enrolment space for 450 students, charging tuition fees of Birr 1050 (USD 20) per term.

Before opening Sunrise Academy, Mr. Abinet was a teacher in a private school in Meki town, East Showa Zone. In 2019, he decided to use his passion for education and open his own school in Meki, starting with 7 classes, 7 teachers, and enrolling 250 students.

Mr. Abinet knew right away he wanted to invest in his school and continue to grow. When he heard about the availability of an EduFinance loan provided by Meklit Microfinance Institution S.C. he contacted the local branch to apply for his first school loan and present his business plan. After reviewing his application, Meklit’s management quickly responded to his request and approved a first-round Birr 80,000 (USD 1.5k) EduFinance loan.

The Opportunity in Ethiopia

Opportunity EduFinance has been working in Ethiopia since 2019. With 21.1 million school-aged children - of which 48% are out of school - and 31% of the population living on less than $1.90 a day, there is a huge opportunity to benefit children’s access to education and impact generational poverty through education finance. The non-state school sector serves an estimated 1.8 million students through 4,563 schools, and is expected to grow to 2.1 million students enrolled in 2025.

However, in comparison to the size of the population in Ethiopia, there are a small number of financial institution providers: 32 banks and 41 microfinance institutions. Ethiopia has closed its banking sector closed to foreign investment for many years and the government has only recently started opening the market . Education Finance products are still very new and just starting to emerge, as most banks only offer loans for sectors such as industry, mining, energy, and construction. Service is concentrated to the cities as infrastructure, electricity, and lighting are all challenges. For financial institutions, getting access to enough funding to lend is a challenge, as is dealing with risk .

While access to foreign currency still proves to be a big challenge, offering the right products that fit non-state schools’ needs for capital is also critical. This is what EduFinance is currently addressing by providing financial institution partners the technical assistance needed to launch and grow EduFinance portfolios.

Mathieu Fourn, Technical Assistance Director: “The country has been very closed and but now the structure is slowly opening over the last few years to foreign markets. There were no dedicated education finance products on the market. What we are doing is something very new and we want to greenlight the digital piece within the financial products.”

This means connecting more school owners like Mr. Abinet to institutions that are ready to invest in schools, adding more classrooms, more seats and more access to education.

Mr. Abinet invested his first loan to meet basic requirements for school operations, such as purchasing student chairs and desks, office materials, classroom supplies, etc. Still, the loan was insufficient to meet the ambitious goals Mr. Abinet wanted to achieve at Sunrise Academy. After repaying the original loan, he again applied for another round in 2020, this time for Birr 150,000 (USD 2.8k) . Meklit’s management positively responded to his application, approving the entire requested loan at once in consideration of his good repayment history.

However, Mr. Abinet’s ambition did not stop there . As he continued to see the impact of his investments into growing a sustainable, quality school, his goals for the school grew too. After repaying his second loan, he decided to expand and renovate the entire school and hence applied for a 3rd round loan of Birr 400,000 (USD 7.5k) in January 2022. Again Meklit approved his application for a period of 36 months. 

Mr. Abinet invested the loan in the expansion and renovation of the school, scaling student enrolment from 250 to 450 students by expanding from 7 to 10 classrooms. He also recruited and hired new teachers, expanding from a team of 7 teachers to 15. While making all of these investments,

Mr. Abinet is still proud to charge an affordable tuition fee for families of Birr 1050 (USD 20) per term, with three academic terms per year. The revenue increases of the school – which have been growing over time – are due to the increased enrolment and not material tuition increases.

Sunrise Academy and Mr. Abinet exemplify what is possible when an education entrepreneur has access to the capital they need to invest in their school. Sunrise Academy is both affordable and sustainable , meaning local families can depend on the school to keep its doors open to their children over the long term.

Partnering with Ethiopian Financial Institution

In 2022, the EduFinance Technical Assistance team conducted new roadshows in Ethiopia and met with 11 Financial Institutions in May and 16 in July. Roadshows meetings included current financial institution partners as well as new partners, and potential portfolio and grant funders. The team also engaged with local private school associations and NGOs to look for ways to work alongside each other and leverage expertise.

Rachel Tabor, EduFinance Technical Assistance Advisor who took part described the feedback they received from financial institutions: “The majority were very interested but in almost every meeting the capital constraints came up as a skepticism. Some were very positive, and one of the commercial banks mentioned that they might be able to help fund other MFIs with their liquidity issues, as some of them don’t have the infrastructure to do small school fee loans [for parents] but could do this through the MFIs . New financial institutions also came on board and have already started working with us.”

Dereje Legesse, Technical Assistance Advisor, spoke about how current partners have been able to overcome many of the identified barriers: “For the financial institutions who did join EduFinance since 2019 - Meklit, Aggar, Harbu and Metemamen - there was an idea of engaging in education to support their corporate social responsibility. When they have looked at the impact on their portfolio, they find it really interesting to continue. For example, Aggar decided at the board level to increase their EduFinance portfolio. They plan to increase the percentage of their portfolio which is for education from the current 3% up to 10%. They want to keep investing in education and also savings .” 

While we see a clear opportunity for financial institutions to invest in education in Ethiopia, there remain unique challenges in this market.

Political conflict creates instability , which has an adverse effect on financial institutions, as unstable conditions can increase default risk on all loans, including education loans.

Inflation can impact families’ ability to continue funding their children’s education, even when rates are affordable. Inflation also has a direct impact on the cost of construction materials for schools that want to build a new classroom, washrooms, etc. Tigist Asheber had to face the challenge of the high cost of materials when he invested a loan in his school.

Tigist Asheber is the director and owner of the Africa Youth Academy school which opened 5 years ago. The school operates in the Burayu Keta, Oromia Special Zone in Oromia Region and offers pre-primary through 8 th grade. The school currently serves 750 students and charges   650 Birr (USD 12) per term.

The school has been working with credit from Aggar Micro Finance S.C. since 2022 , when it first took out a loan of 1,000,000 Birr (USD 18.6k) which was used to finance the building of an additional classroom and purchase school materials. Ms. Tigist was able to access the loan from Aggar for a loan period of 48 months. Thanks to the investment and improvements made, the school was able to increase the number of students enrolled from the previous year and increase its revenue.

Ms. Tigist explains her motivation is to mobilize more students into school ‘for acquiring better knowledge.’ The main challenges faced have been the high cost of building materials due to the current inflation in Ethiopia. Support from Aggar Microfinance S.C. has helped the school to overcome these challenges.

“Education is the key for success but without money and access to finance [we have] nothing to do.” - Tigist Asheber

Despite the unique challenges in the Ethiopia market, when schools have access to the loan terms they need to invest in their vision for education, children benefit.

Aspire Youth Academy is a perfect example of how 800 students are benefiting from a school improvement loan.

Located in Akaki Kality sub-city around the Hana Maryam area , Aspire Youth Academy (AYA)  was founded 6 years ago by a group of passionate teachers ready to lead their own school. School Director Mr. Belete Wondimu explains the school now operates on a rented area of 7,430 m 2 and teaches students from pre-school up to high school . Currently, AYA has grown to more than 800 students and 85 staff .

The students from pre-primary to 8th-grade pay 1,400 Birr (USD 27) per month, while the  students from 9th to 11th-grade pay 1,800 (USD 34) monthly.

The Director recounts how AYA was planning to open the high school section a year ago but was challenged to get financing for renting a location. Finally, AYA successfully secured 5,000 m 2 of land with a long contract to build on it. These were the circumstances under which they approached Metemamen Micro Finance. AYA was approved for a loan of 1,200,00 Birr (USD 22.8k) which is to be paid in 60 months. Because of this loan, students transitioning to high school can continue studying at AYA.

EduFinance is committed to continue working with current and new financial institution partners across Ethiopia – despite the many challenges – so that educators like Belete Wondimu, Tigist Asheber and Abinet Kabtimer can continue to invest in their schools and serve their students.

  Read the Opportunity EduFinance  blog  about the recent Global Education Finance Conference. 

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• DOI: 10.20431/2349-0381.0402010
• Corpus ID: 158832614

Public Schools and Private Schools in Ethiopia: Partners in National Development?

• Teshome Nekatibeb Begna
• Published 2017
• Education, Economics
• International journal of humanities and social sciences

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7 Citations

Analyzing spatial distribution and accessibility of primary schools in bishoftu town, ethiopia, factors influencing adolescents' dietary behaviors in the school and home environment in addis ababa, ethiopia, explaining the rural-urban learning achievements gap in ethiopian primary education: a re-centered influence function decomposition using young lives data, estimating private school premium for primary school children in ethiopia: evidence from individual-level panel data.

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Startup News, and Inspiration for Entrepreneurs

50 Most Profitable Business ideas in Ethiopia [2024]

posted on 02/11/2023

Entrepreneurship stands out as one of the most promising research approaches that could assist Ethiopia in significantly lowering the percentage of its population that lives in extreme poverty. However, the Ethiopian government has to provide financial support for this program in order to see improved results.

Agriculture has been and continues to be the most promising source of welfare for Ethiopians. Despite Ethiopia’s inadequate infrastructure and high tax rates, agriculture contributes approximately 50 percent to the country’s gross domestic product (GDP). If you are serious about starting a business in Ethiopia, the following is a list of the top ten best opportunities for small businesses that you may look into:

1. AC Installation

A person who is able to install air conditioners and is interested in starting a business that provides AC (air conditioner) installation services should take note of the recent surge in the adoption of air conditioners across residential and commercial markets in Ethiopia. This has created an attention-worthy niche for individuals who possess the skills necessary to install air conditioners.

2. Fence Installation

It has become increasingly important for residents of Ethiopia to install fences around their homes, farmlands, schools, and factories, as well as bar access to robbers, thieves, and other criminals, among other types of intruders, due to the high incidence of crimes in the country, the majority of which involve theft and other types of intrusion, which has shown a marked increase over the course of time. To be successful in the industry of installing fences, you need solid construction skills.

3. Fruit jams

Apples, pears, mulberries, and strawberries grow well in Ethiopia, providing excellent potential for business owners interested in adding value by producing and selling fruit preserves.

4. Flour mills

Since Ethiopia is so prosperous in the production of grains like wheat, barley, corn, and so on in large quantities, the country has a need for milling plants that produce flour.

5. Fresh Juice Business

In contrast to many other types of enterprises, operating a business that deals in fresh fruit do not require you to have a thick skin. It is a simple business that is in high demand these days (thanks to an increased awareness of the importance of maintaining a healthy lifestyle), and it offers the possibility of large returns on investment.

6. Catering Services

The consumption of food is an essential component of every gathering. It is even difficult for people to create magnificent cuisine on their own as the world’s events continue to become more complicated than they have ever been before. As a direct consequence of this, the need for food caterers at events is growing steadily over time. Therefore, if you are blessed with the ability to conjure up delectable dishes using both of your hands, you ought to give some consideration to starting a catering business .

7. Skincare Products

Skincare products, particularly multifunctional ones, are becoming increasingly popular among men and women alike. This is due to the fact that these products give a package of benefits all at once, including anti-aging, cleansing, protection from UV rays, and so on. Consequently, a fantastic potential for a small business that you can think about pursuing today in your community.

8. Open a Hair Salon

Barbers will always have a place in our societies because as long as we have them, we humans will never go out of style. They are necessary in order to improve our facial features, make us look more attractive overall, and reduce the amount of facial hair that, if not removed, would make us appear to be wild creatures. Therefore, opening a hair salon is yet another excellent business opportunity available to men in today’s modern world.

9. Organic Food Store

People consistently choose organic foods over conventional foods while they are eating out because organic foods are safer and healthier than traditional foods. Therefore, it would be worthwhile to operate an organic food store in today’s market.

10. Dance School

Since dance segments began to appear on television shows, an increasing number of people—especially young people—have been enrolling in dance classes in order to hone their dancing abilities. Therefore, if you consider yourself to be a rather skilled dancer, you can think about starting your own dancing school.

There are various other small business services you can launch in Ethiopia like online invoice template free .

11. Agricultural Export Business

You may want to capitalize on Ethiopia’s rich agricultural climate and resources like Jennifer who exports various locally produced commodities like coffee, spices, and flowers.

12. Tourism Services

Follow the footsteps of John Lawrence who makes money as he has created a popular travel agency business to cater to the growing tourism industry of Ethiopia.

Renewable Energy Solutions

Entrepreneurs can be like Steve, Rachin, etc who have developed a very innovative solar and wind energy solutions to address the energy needs of rural areas of Ethiopia.

Mobile App Development

You can become a mobile app developer to create apps tailored to the local needs of Ethiopia such as agriculture management, and language learning programs.

E-commerce Platform

You can also make money in launching ecommerce platform to help local stores for online trade of their products and thereby making sure to foster the economic growth of the country.

Healthcare services

Ethiopia is a country that lacks high quality healthcare services. You should take the advantage of this opportunity by establishing a clinic or a telemedicine service to help in improving country’s healthcare accessibility.

Educational Consulting

Get into the shoes of Stephan Collins who has created an educational consultancy that offers services to assist students with study abroad opportunities.

Food Processing Business

Ask John who earn a lot of money ever since he launched a food processing business that makes sure to add value to the local produce while ensuring the processing and packaging of food products.

Water Purification Business

Ethiopia is haunted by the water scarcity challenges and you could become Abubaker who has launched a water purification business to make sure people have access to the clean water solutions by addressing water scarcity problems in the country.

Real estate development

You could be like Abeba who is a popular real estate developer as he has been contributing to the ever increasing real estate market of Ethiopia by developing residential and commercial dwellings in the Dire Dawa city of Ethiopia.

IT training centers

There is a huge demand for a tech savvy workforce in the country and Amara is an entrepreneur who has established a training centre where she and her other team members help aspirants learn a vast number of IT skills.

Transportation Services

Become Amhara who owns a transportation company that makes her money by addressing the need for a reliable commuting option in her city.

Fashion design and retail

There is a growing fashion market and you could tap into it with your unique designs and locally made clothing and make sure to earn as much money as you want by selling your designs to the customers in your community.

Event Planning Services

Events occur everywhere and Ethiopia is no different where people celebrate a lot of events. If you are a event planner, you could be like Omri who organizers various events such as weddings, conferences, and parties.

Organic Farming

People want a chemical free life says Adeeba who has opened an organic farm and she not only makes money but also promotes sustainable agriculture in her city. You could also follow her footprints and launch your own organic farm.

Waste Management Services

People are creating a lot of waste day in day out and as a result there is a need for waste collection and recycling services to not make income but also at the same time address environmental concerns and issues.

Language Translation Services

You could also offer translation services to the individuals and businesses to make sure you bridge language gaps and also make money at the same time.

Fitness and Wellness Centers

Become the owner of a gym center like Jahangeer who caters to the needs of growing health conscious population in the Adiba city of Ethiopia.

Cultural Tourism Guides

You may also like the idea of offering cultural tourism guides. You will earn a lot when you provide guided tours that would highlight rich cultural heritage of Ethiopia.

Livestock Farming

Kaleb is an entrepreneur from the Kombolcha city of Ethiopia and he owns and engages in livestock farming to make sure he meets the demand for the meat and dairy products in the country.

Mobile Repair Services

If you have mobile repairing skills, you could open a mobile phone repair business to help people fix a lot of problems frequent in smartphones. Some phones require glass repair, while some need to fix battery problems. You should cater your services to the ever growing smartphone market.

Consultancy for Small Businesses

There are lots of small businesses that lack guidance when it comes to growing their reach to more potential customers. You may therefore want to offer consultancy services to help small businesses for growth and efficiency.

Automotive Repair Services

Ali is an entrepreneur who has established a garage in the Deba city where he and other technicians offer vehicle repair maintenance services to the vehicle owners.

Online Learning Platforms

You could also address the need for remote learning by creating platforms for online education. This business demands low investment but surely requires you to posses coding skills even though you can hire someone who knows how to create a website to serve the online education need for students.

Eco-friendly Store

Meet Shamira who has opened a store that has been specializing in selling various environment friendly products. Get in touch with her as she will help you learn how she setup an eco-friendly products store in her city and lives a happy life.

Social Media Management

Khaby is someone who serves and assists businesses in managing their digital presence through social media. In order to become like Khaby you should spend time on social media platforms like Facebook, Twitter, and Instagram.

Financial Advisory Services

There are individuals and businesses that need financial planning and advisory services and you could be like Jamsheed who serves a lot of small businesses with his financial planning services.

Craft and Artisanal Products

You may also want to sell handmade crafts and products and make money while ensuring to promote your local artisans. Ali of Adeeba city is a good example you could refer to for advice.

Tech Support Services

Computer shops, banks, service centres using laptops would need you to cater your technical support services in order to fix a lot of software and hardware problems in their Pcs.

Personal Chef Services

You may also make sure to make money by offering various personalized culinary experiences for events and individuals at the same time.

Ethnic cuisine restaurant

There is also a huge demand for restaurants in Ethiopia that specialises in traditional Ethiopian cuisine. Investment requirements are hefty but returns on your investments are enjoyable.

Renovation Services

This business will get you involved in making money like Usman Ali who offers renovation and construction services in his locality.

Online Grocery Delivery

You can also create online platform which will facilitate convenience of grocery shopping in Ethiopia. Tap this growing opportunity as early as possible before it becomes crowded with multiple businesses.

Interior Design Services

You could also offer interior design services that would help both individuals and businesses enhance their living and working spaces in your city.

Catering Services

You can also make money by providing catering services to serve people who attend various events like weddings, and corporate functions.

Online Marketing Agency

Someone looking for low cost business ideas in Ethiopia should think about launching an online marketing agency that would make sure to help local businesses in boosting a strong online presence while providing them digital marketing services.

Language School

If you are someone who has a good hold on few foreign languages like French, Spanish, English, etc you may establish a school to help aspirants learn these foreign languages.

Recruitment Agency

Businesses are always in need for qualified personnel and you could become like Mehnaz Ali who has launched a recruitment agency to find qualified staff for work.

Courier and Delivery Services

You could also start a delivery services to make sure you help people get their packages and goods from one place to other in Ethiopia.

IT Security Services

Cybersecurity is much needed in these days and there are so many corporations that would allow you earn while offering them cybersecurity solutions.

Fitness app development

One with good coding skills can create an application for fitness and encourage people for healthy living.

About Becky Holton

This Guide is brought to you by Becky Holton who is a journalist and a blogger. She teaches and trains budding entrepreneurs on various startup aspects.

The education sector plan 2016-2020 focuses on addressing the four main challenges in Ethiopia's education system: increasing access, ensuring equity, improving quality, and improving management.

Visit country page: Ethiopia

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Home » Sample Business Plans » Education » School

How to Write a Private School Business Plan [Sample Template]

Are you about starting a private school (nursery, primary or high school)? If YES, here’s a complete sample private school business plan template & feasibility report you can use for FREE. Okay, so we have considered all the requirements for starting a private school.

We also took it further by analyzing and drafting a sample private school marketing plan template backed up by actionable guerrilla marketing ideas for private schools. So let’s proceed to the business planning section.

Why Start a Private School?

One of the best things that can happen to anyone is to have a private school. This is one very lucrative business that will continue to rake in money for its owners. As an aspiring entrepreneur who is looking towards starting a business, you should ensure that whatever business you intend to start, you make sure that it is located in an appropriate place.

For example; if you want to start a private school, it will be a wrong business judgment if you decide to site the school close to an industrial area or close to a market. Aspiring entrepreneurs therefore are urged as a matter of necessity to ensure that they carry out a thorough market research and feasibility study of the industry they intend to go into before investing their hard earned money and time.

It is known fact that the demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every students or potential students in a given geographical location. In some cases, students with special needs cannot cope in public schools hence the need for private schools.

If you think starting a private school business sounds like what you want to do. Then you may want to use the business plan below as a guide.

A Sample Private School Business Plan Template

1. industry overview.

Private schools which is also known in the united states as independent schools, non-governmental, or non – state schools are schools that are not administered by either the local, state or the federal governments; hence, they have the right to select their students and are funded in whole or in part by charging their students tuition fees, rather than relying on mandatory taxation through public (government) funding.

Some private schools have structure in place that offer scholarships to some students, which makes the cost cheaper, depending on a talent such as sport scholarship, art scholarship, academic scholarship the student may be brining to the private school, financial need, or tax credit scholarships that might be available.

The Private Schools industry comprises of primary that is kindergarten through sixth grade and secondary that is seventh through 12th grade) educational institutions that are predominantly funded through enrollment and tuition fees from students and of course from other private sources.

Recent reports released by IBISWORLD shows that the revenue for the Private Schools industry is expected to increase, as the economy continues to recover. The indicated that during the five years to 2016, enrollment decreased, which was a trend attributable to rising costs and competition from charter schools.

However, going forward, in the next five years, household income is anticipated to increase, making it easier for families to afford private-school tuition. Additionally, enrollment declines will lesson, resulting in more stable demand for private schools

In the United States of America and of course in most countries of the world, The Private Schools industry is indeed a large and thriving industry. Statistics has it that The Private Schools industry in the United States of America, is worth $52 billion, with an estimated growth rate of 0.1 percent.

There are about 25,742 registered and licensed (accredited) Private schools scattered all around the United States of America and they are responsible for employing about 644,320 people.

Aside from Catholic schools, which is the second largest sector after government schools, with around 21 percent of secondary enrollments, no other private school can boast of dominating the market; every player in the industry can comfortably compete in the industry.

It is important to state that the barriers to entry into the Private Schools industry are high. As a matter of fact, the private school industry is an industry in which it is pretty difficult for new entrants to establish themselves. So also, the reputation of the private school is of utmost importance, as private schools that have a good history of getting students into prestigious colleges often have the best reputations hence good enrollments.

With this, it is obvious that a new entrant in to the private school industry cannot offer this. Reputation indeed is imperative to parents’ decisions when shopping for private school for their wards. This is so because the quality of education cannot be assessed until well after it is complete. As a major marketing tool, schools need to show parents a track record of admission to elite colleges and universities.

Even though this might seem like a saturated industry, the industry is still pretty much open for aspiring school proprietors and proprietress to still come in and compete. As a matter of fact, if you conduct your research and feasibility studies very well before starting your own private school couple with impressive profile of your faculty members, you are likely going to struggle less to make headway in the industry.

2. Executive Summary

Rolland Gyros International Private School is an international private school that will be located in a well – populated residential estate in Ashville – North Carolina, United States of America. We are a standard private school that is composed of primary (kindergarten through sixth grade) and secondary (seventh through 12th grade) educational institution that will be predominantly funded through tuition fees and levies from students and of course from other private sources.

Rolland Gyros International Private School is a client-focused and result driven private school that provides broad-based learning approaches and experience at an affordable fee that won’t in any way put a hole in the pockets of our clients (students and parents alike).

We will offer standard and professional teaching services in a highly secured and conducive learning environment to all our students that is primary (kindergarten through sixth grade) and secondary (seventh through 12th grade). We will ensure that we work hard to meet and surpass all our students’ expectations and educational goals whenever they enroll in our tutorial college.

At Rolland Gyros International Private School, our students’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professional educationist cum teachers in various subjects who are well experienced and passionate in imparting knowledge to students at various learning ladder.

Rolland Gyros International Private School will at all time demonstrate her commitment to sustainability, both individually and as an educational organization, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our students’ needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our students.

We have plans to offer learning platforms to people with both learning disability and physical disability (especially the blind, the dumb and the deaf). Our overall business goal is to position our private school to become the leading tutorial brand in the educational industry in the whole of Ashville – North Carolina, and also to be amongst the top 30 private schools in the United States of America within the first 12 years of operations.

This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our research and feasibility studies and we are enthusiastic and confident that Ashville is the right place to launch our private school.

Rolland Gyros International Private School is founded by Dr. (Mrs.) Irene Rolland Gyros and family. She is an educationist per excellence and she has won many awards in the education sector in the United States. Dr. (Mrs.) Irene Rolland Gyros has both the academic qualifications and experience to run a private school that can favorably compete with other leading private schools not only in Ashville – North Carolina, but also throughout the United States and Canada.

3. Our Products and Services

Rolland Gyros International Private School is going to offer varieties of educational services within the scope of the education board in the United States of America. Our intention of starting our private school is to soundly educate people in various subjects and of course to make profits from the education cum private schools industry and we will do all that is permitted by the law in the US to achieve our aim and business goal.

Our service offerings are listed below;

• Teaching basic literacy and numeracy
• Establishing foundations in science, mathematics, geography, history and other social sciences
• Constantly working hard to meet regulatory accreditation standards
• Administering private funding efforts
• Providing access to extracurricular activities
• Retailing of Educational Books and Materials

4. Our Mission and Vision Statement

• Our vision is to build a highly competitive private school that will become the number one choice for both parents and students in the whole of Ashville – North Carolina.
• Our vision reflects our values: integrity, service, excellence and teamwork.
• Our mission is to provide professional and conducive learning environment to students at different level of learning.
• Our overall business goal is to position Rolland Gyros International Private School to become the leading private school brand in the educational cum private school industry in the whole of Ashville – North Carolina, and also to be amongst the top 30 private schools in the United States of America within the first 12 years of operations.

Our Business Structure

It is a known fact that, the success of any business is to a larger extent dependent on the business structure of the organization and the people who occupy the available roles in the organization. Rolland Gyros International Private School will build a solid business structure that can support the growth of our private school.

We will ensure that we hire competent hands (teaching and non – teaching staff members) to help us build the private school of our dream. The fact that we want to become one of the leading private school brand in the industry in the whole of the United States of America makes it highly necessary for our organization to deliberately build a well – structured business from the onset.

We will work hard to ensure that we only attract people with the right mindset to help us achieve our business goals and objectives in record time. Below is the business structure that we will build Rolland Gyros International Private School;

• Head of The Private School(School Proprietress)

School Administrator

Tutors for Various Subjects – Secondary (seventh through 12th grade)

Tutors for Various Subjects – Primary (kindergarten through sixth grade)

• Accountant / Bursar
• Client Service Executive / Front Desk Officer

Security Officers

5. Job Roles and Responsibilities

Head of the Tutorial College / School Coordinator:

• Responsible for providing direction for the college
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for handling high profile clients and deals
• Responsible for fixing fees and signing business deals (partnership)
• Responsible for signing checks and documents on behalf of the tutorial college
• Coordinates all arms of the tutorial school (tutorial center, adult education, home tutors and special education)
• Evaluates the success of the tutorial college
• Reports to the board of the tutorial college
• Responsible for overseeing the smooth running of HR and administrative tasks for the tutorial school
• Designs job descriptions with KPI to drive performance management for tutors (teachers)
• Regularly hold meetings with key stakeholders (parents and member of the school board) to review the effectiveness of the schools’ Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Oversees the smooth running of the daily activities of the private school.
• Effectively teach subject / subjects as assigned by the school administrator
• Accesses the progress of students under their care
• Ensures that students abide by the rules and regulations of the private school
• Contributes his / her quota towards growing the private school
• Receives complaints from parents and channel it to the appropriate quarters
• Handle any other duty as assigned by the school administrator.
• Ensure that students abide by the rules and regulations of the school administrator
• Handles any other duty as assigned by the school administrator.

Marketing Executive

• Identifies, prioritizes, and reaches out to new students, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
• Responsible for handling business research, market surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the school

School Bursar (Accountant)

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for Rolland Gyros International Private School
• Serves as internal auditor for Rolland Gyros International Private School

Client Service Executive

• Welcomes / receive parents and students by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with parents and students (e-mail, walk-In center, SMS or phone) provides the parents and students with a personalized customer service experience of the highest level
• Through interaction with parents and students on the phone, uses every opportunity to build parent’s interest in the schools’ products and services
• Manages administrative duties assigned by the HR and Admin Manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to parents and students when they make enquiries
• Receives parcels / documents for Rolland Gyros International Private School
• Distribute mails in the organization
• Handles any other duties as assigned by the School Administrator.
• Responsible for cleaning the school facility at all times
• Ensures that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the schools facility
• Handles any other duty as assigned by the school administrator
• Ensures that the school facility is secured at all time
• Controls traffic and organize parking
• Gives security tips to staff members from time to time
• Patrols around the building on a 24 hours basis
• Submits security reports weekly
• Any other duty as assigned by the school administrator

6. SWOT Analysis

Rolland Gyros International Private School engaged the services of a core professional in the area of business consulting and structuring with bias in the education sector to assist us in building a well – structured private school that can favorably compete in the highly competitive education cum private schools industry in the United States.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Rolland Gyros International Private School. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Rolland Gyros International Private School;

As a private school, our core strength lies in the power of our team; our workforce. We have a team with excellent qualifications and experience in the educational sector. We are well positioned in a community with the right demography and we know we will attract loads of students from the first day we open our doors and welcome students for enrollment.

As a new private school in Ashville – North Carolina, it might take some time for our organization to break into the market and gain acceptance via reputation in the already saturated education cum private schools industry; that is perhaps our major weakness.

• Opportunities:

The opportunities in the education cum private schools industry is massive considering the number of parents who would want their wards to perform excellently well in their education and go ahead to be admitted in Ivy league colleges. As a standard and international private school, Rolland Gyros International Private School is ready to take advantage of any opportunity that comes her way.

Every business faces a threat or challenge at any part of the life cycle of the business. These threats can be external or internal. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the private school.

Some of the threats that we are likely going to face as a private school operating in the United States of America are unfavorable government policies that might affect private schools, the arrival of a competitor within our location of operations and global economic downturn which usually affects spending / purchasing power.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

The trend in the private school line of business is that the key to attracting students is the educational performance and the pass rate of their students in national exams. Any private school that has good records will always thrive. The demand for private schools is driven by the fact that most public cum government owned schools cannot accommodate every students or potential students in a given geographical location.

In some cases, students with special needs cannot cope in public schools hence the need for private schools. The economic downturn hasn’t really affected this industry, especially in countries that believe in the efficacy of education.

The areas you would need to spend heavily on is in ensuring that your school is up to standard, your advertisements, and on insurance policy cover. Lastly, it is trendier to find private schools engaging in extra – curricular activities and as a matter of fact, a private school that thrives in sports can leverage on that to attract students who are sports inclined.

8. Our Target Market

As a standard and international private school, Rolland Gyros International Private School is going to offer varieties of educational services within the scope of the education board in the United States of America. Our intention of starting our private school is to soundly educate people in various subjects and of course to make profits from the education cum private schools industry

Our target market as a private school cuts across people (students) of different class and people from different culture background whether African, White, Caucasian, Latinos, Indians, and Asians. We are coming into the education cum private schools industry with a business concept that will enable us work with the students at different learning stages residing in and around Ashville – North Carolina.

Our competitive advantage

Indeed the private schools industry is highly competitive and the entry barriers are high. As a matter of fact, the private school industry is an industry in which it is pretty difficult for new entrants to establish themselves. So also, the reputation of the private school is of utmost importance, as private schools that have a good history of getting students into prestigious colleges often have the best reputations hence good enrollments.

We are quite aware that to be highly competitive in the education cum private schools industry means that you should be able to deliver consistent quality service, your students should be able to experience remarkable difference and improvement and you should be able to meet the expectations of both students and parents alike.

Rolland Gyros International Private School might be a new entrant into the education cum private schools industry in the United States of America, but the management staffs and owners of the private school are considered gurus. They are people who are core professionals, licensed and highly qualified educationist / teachers at various levels of learning in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees (teaching and non – teaching staff members) will be well taken care of, and their welfare package will be among the best within our category (startups private school in the United States) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Rolland Gyros International Private School is established with the aim of maximizing profits in the education cum private schools industry and we are going to go all the way to ensure that we do all it takes to attract students on a regular basis.

Rolland Gyros International Private School will generate income by offering the following tutorial services;

• Teaching High school students various subjects in our private school

10. Sales Forecast

One thing is certain, there would always be parents and students who would need the services of private schools to be able to achieve their educational goals and as such the services of private schools will always be needed.

We are well positioned to take on the available market in Ashville – North Carolina and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the private school and our student base.

We have been able to critically examine the private schools cum education market in the United States of America and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Ashville – North Carolina. Below is the sales projection for Rolland Gyros International Private School, it is based on the location of our tutorial center and of course the wide range of tutorial services that we will be offering;

• First Fiscal Year-: $250,000
• Second Fiscal Year-: $450,000
• Third Fiscal Year-: $750,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. So, there won’t be any major competitor (private school) offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition amongst private schools in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing concerns. Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the private school.

We will also ensure that our students’ excellent results from national exams and other exams speaks for us in the market place; we want to build a standard and first – class private school that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our private school to become one of the top 30 private schools in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Ashville – North Carolina but also in other cities in the United States of America.

Rolland Gyros International Private School is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our private school by sending introductory letters alongside our brochure to schools, parents / household and key stake holders in Ashville – North Carolina.
• Print out fliers and business cards and strategically drop them in schools, libraries and even student organizations.
• Creating a website, allows parents to be able to look you up, and also allows you to post general study tips, giving you an added advantage.
• Use friends and family to spread word about our private school
• Introduce Rolland Gyros International Private School to learning specialists, school coaches, school administrators, teachers, guidance counselors especially as they are with students everyday
• Post information about Rolland Gyros International Private School on bulletin boards in places like schools, libraries, and local coffee shops.
• Placing a small or classified advertisement in the newspaper, or local publication about Rolland Gyros International Private School
• Using tutorial referral networks such as agencies that will help match students with Rolland Gyros International Private School
• Joining relevant association or body that will enable you network and meet others in same industry.
• Advertising online by using an advertising platform such as Google Adwords, that will allow us place text advertisements alongside on websites with related contents, and along results from search engines.
• Advertise our private school in relevant educational magazines, newspapers, TV stations, and radio station.
• Attend relevant educational expos, seminars, and business fairs et al
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We are aware of the potency of a good publicity strategy hence we have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both parents and students in the whole of Ashville – North Carolina which is why we have made provisions for effective publicity and advertisement of our private school. Below are the platforms we intend to leverage on to promote and advertise Rolland Gyros International Private School;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community based events / programs
• Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
• Install our Bill Boards on strategic locations all around Ashville – North Carolina.
• Engage in road show from time to time in targeted neighborhoods in and around Ashville – North Carolina
• Distribute our fliers and handbills in target areas in and around Ashville – North Carolina
• Passing general information via our school’s social media handles like twitter, Facebook, Google hangouts etc.
• Ensure that all our teaching and non – teaching staff members wear our branded shirts and all our vehicles are well branded with our schools’ logo et al.

12. Our Pricing Strategy

Private schools in the United States of America and of course in all the parts of the world charge students per tem / per session and students have the options of either paying their tuitions before resumption or during the school session.

Private schools generally charge students based on loads of factors, locations, services offerings and extra – curricular activities et al At Rolland Gyros International Private School we will keep our fees below the average market rate for all of our students by keeping our overhead low and by collecting payment in advance.

In addition, we will also offer special discounted rates to all our students at regular intervals. We are aware that there are some students that would need special assistance, we will offer flat rate for such services that will be tailored to take care of such students’ needs.

• Payment Options

At Rolland Gyros International Private School, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

• Payment by via bank transfer
• Payment via online bank transfer
• Payment via check
• Payment via bank draft
• Payment via mobile money
• Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

In setting up a private school business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by acquiring a large facility, then you would need a higher amount of capital as you would need to ensure that your employees are taken care of, and that your private school’s environment is conducive enough for the students to learn.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a private school business; it might differ in other countries due to the value of their money. However, this is what it would cost us to start Rolland Gyros International Private School in the United of America;

• Business incorporating fees in the United States of America will cost – $750.
• The budget for Liability insurance, permits and license will cost – $3,500
• Acquiring a large facility that will accommodate the number of block of closes, playing field, staff offices and parking lots et al (Re – Construction of the facility inclusive) will cost – $350,000.
• Equipping the classes and office (computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics) will cost – $50,000
• Launching an official Website will cost – $500
• The budget for the payment of salaries for the first three months of operations: $120,000
• Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $15,000

Going by the market survey and feasibility studies conducted, we came to the conclusion that we will need an average of $750,000 to start a small scale but standard private school in the United States of America.

Generating Funding / Startup Capital for Rolland Gyros International Private School

Rolland Gyros International Private School is a family business that will be owned and managed by Dr. (Mrs.) Irene Rolland Gyros and her immediate family. They are the sole financial of the private school which is why they decided to restrict the sourcing of the start – up capital for the private school to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings and sale of his stocks
• Generate part of the start – up capital from friends and other extended family members
• Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

It is a known fact that the future of any business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and of course the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Rolland Gyros International Private School is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers (students and parents alike) over is to ensure that we offer nothing less than the best, to offer quality education to all our students so much so that they can favorably compete with students all over the United States and gain admission to Ivy League colleges.

Rolland Gyros International Private School will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

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