5 STEPS TO BECOME A SCHOOL OWNERNovember 21, 2019
If you are planning to open your own school then franchising is a very obvious choice. This will give you (the franchisee) the authority to use their (the franchisor) trade mark or brand name as well as business systems processes. Along with this, the school franchise offers assistance in organizing the school, training teachers, promoting, marketing, merchandising and managing in return of monetary consideration. In one word, the franchisor provides a complete package to set up your own school.
However, you need to be very careful with choosing the brand for a franchise. A reputed school franchise like Millennium World School, mark their presence across more than 40 cities in 2019 and was awarded for being the most innovative chain of schools. They are known to provide the best school franchise opportunities in India.
5 Steps to Become a School Owner
If you want to open a school business in India, you need to follow these 5 easy steps.
- PREPARE A BLUE PRINT AND DEVELOP A BUDGET
The first and foremost thing that you need to do to own a school is planning everything in advance and developing a business plan on how your school will operate over its first five years. After you have planned about the location, faculty, teaching subjects, etc. the next thing you need to do is arrange the finance. On an average, however small the school may be, it is going to fetch INR 20,00,000 to 25,00,000 from your account.
- LOOK FOR A SUITABLE LAND
The next thing that you need to do is select a proper location for your school. But before buying a land from the land owning agency with the intention of making a school there, don’t forget to get a NOC (No Objection Certificate) from the Department of Education. Running a school without a NOC will fetch lots of legal issues and harassment.
- DEVELOP A CURRIULUM AND RECRUIT TEACHERS
Then you will need to develop your curriculum, or in other words, make a note about the sessions, school timings, subjects to be taught, values and principles to be followed, etc.
Then comes the task of recruiting your faculty and this is where the school franchise will help you a lot. They will provide you with the entire curriculum and help you to interview and select the head of the school and your business managers, along with other teachers. Some franchise also organises teachers training program to polish the skills of recruited teachers for the betterment of the students.
- PROMOTION AND ADMISSIONS
You cannot move from door to door and persuade parents to send their children to study in your school, you will need to apply other promotional strategies like distributing brochures, putting up hoardings, banners, etc. School franchise helps you with the marketing strategies and promotion material along with support in the admission process.
- OPERATIONS AND LOGISTICS
There are a number of records that will be required by various agencies to substantiate your operations for which you will need to maintain a catalogue of things like student application forms, payment records and so on. School franchise also supports you in managing operations and logistics through an ERP.
Nowadays, most of the people who want to open their school opt for school franchise which makes the entire process easier and smoother.