Are you an aspiring entrepreneur or a school owner who wants to ensure that her school works well? If yes…then in this blog, I am going to reveal the secret to unlocking the success & profitability of your school in the long run.
So, first of all, how do you define success? Do you see it in getting better enrollments, covering your cost or generating more revenues?
Well! Success has it all. Speaking more generally, your school only flourishes if it holds parents’ trust. Let’s understand it. Honestly, there is no dearth of good schools in the market, so why should a parent consider your school over others for her child? This is only possible if you have something unique to offer! Yes … the only secret to starting or running a school successfully is to create something different from what other schools are offering. If parents get value for what they are paying, they will stay with you. And your school will only do well.
That’s why some school franchise models work better than others. For example, the franchise model of Shemrock & Shemford Group of schools has been performing excellently from the past 30 years. To know more about it, you can visit Shemrock.com or Shemford.com or just Google franchise Shemford and you will get the right guidance.
Now, let’s talk about the investment part! If you want to open a 10+2 school, a minimum amount of 1 crore rupees is required to start a good 10+2 CBSE school. To start a primary school -¬¬¬¬¬¬- something between 15 to 20 lakh rupees are required. But if you are running on a low budget or want to start a school with low investment then you should open a preschool. You can easily start a preschool with a minimum investment of around 5 lakh rupees.
Bottomline
Don’t get lost in the sea of schools, stand out by offering something unique & distinct to parents. There is no point in doing what every other school is doing. Don’t be just another school, create your own individuality & make your school project a huge success. Do something different according to your interest & investment capacity or area.