Requirements to Start a Private SchoolMarch 28, 2020
Education in India is one of the rapidly growing businesses. Particularly, the school business in India has seen growth over the years and has immense potential in future too. With such a large population belonging to the age group of 5-24, the educational needs are high in demand. Existing number of government and private schools is not sufficient to cater to such a huge population spread across our vats country. Therefore, more schools are the need of the hour. Starting a private school in India is therefore a very lucrative investment opportunity for people who want to invest in the education domain. This article lists some important points to understand on how to start your own school.
Type of School
The first step is to have clarity on what kind of a school you want to open. You may want to open a preschool or a primary school. You may also want to venture into a full-fledged K-12 school. This decision is based on your interest and desire and of course on other factors like available investment amount.
Creation of Organisation
As per the rules, a school has to be run under a non-profit entity. So, you can form a society or trust under the respective Acts. If you want to run the school under a company, then you will have to form a Section 8 company. All the legal procedures and formalities will be done in the name of the organisation and not individual investors.
Land Acquisition & NOC
For starting a school, you need to have a piece of land either bought or leased for educational purposes. You will also have to take a ‘No Objection Certificate’ (NOC) from the state government authorities where your land and eventually your school will be located.
School Vision and Plan
Some people think that since a school provides education to children, there is no need to have a vision. However, every organisation and educational institution needs to have a clear vision. Apart from that, a clear business plan needs to be formulated before actual work. The plan will include curriculum, infrastructure, recruitment of principal, teachers and other staff, fee structure, policies and procedures, marketing and promotions, and so on.
Setting up a school requires different expertise for example architect for infrastructure, educational professionals for curriculum building, qualified and experienced principal and teachers, operations staff, other support staff, marketing team for promotions and so on.
Setting up a school can be quite challenging. Therefore, one of the best options is to take a school franchise. You get all the support in new school opening procedure from the school franchisor. Millennium World School Franchise is one of the topmost K-12 school franchises in India. You will be amazed at the quality of education they provide, the professional approach towards work, efficient and effective processes and systems and the rich experience and expertise in the school education domain they have. You will truly reap better benefits with this world-class school franchise.Go on to their website to now about their school franchise options.